PesoRama Announces Grand Opening of Store #24 on October 26th in La Condesa

Rhea-AI Summary

PesoRama Inc (TSXV: PESO) announced the grand opening of its 24th JOi Dollar Plus store in La Condesa, Mexico, scheduled for October 26th. The new 554-square meter store is located in La Condesa neighborhood, 5 kilometers from Mexico City's center, serving a population of approximately 545,884 inhabitants. A live stream of the ribbon-cutting ceremony will be held on the company's Instagram page @joi.dollar.plus at 2:00 PM CDMX / 4:00 PM EST.

Positive

• Expansion of retail footprint with 24th store opening
• Strategic location in densely populated area with 545,884 potential customers
• Large store format with 554-square meter retail space

Negative

• None.

A live stream of the ribbon cutting and new store opening celebration will be held on Saturday, October 26 at 2:00 PM CDMX / 4:00 PM EST on JOi's Instagram page: @joi.dollar.plus

Toronto, Ontario--(Newsfile Corp. - October 25, 2024) - PesoRama Inc. (TSXV: PESO) ("PesoRama" or the "Company"), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, today announces the upcoming grand opening of store #24 on October 26^th in La Condesa.

The 554-square meter site is in La Condesa, located in La Condesa neighborhood. This municipality has a population of approximately 545,884 inhabitants. The La Condesa store is located 5 kilometers from the center of Mexico City.

"The opening of our 24^th JOi Dollar Plus Store in Mexico, bodes well for our overall expansion and provides greater accessibility to Mexican consumers who want to shop at our stores," said Rahim Bhaloo, Founder, CEO & Chairman of PesoRama. "There are multiple new locations with a high density of potential customers, where we would like to open our stores to drive continued growth and success."

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Join Our Live Stream on Instagram!

A live stream of the ribbon cutting and new store opening celebration will be held on JOi's Instagram page on Saturday, October 26^th at 2:00 PM CDMX / 4:00 PM EST. Join us in celebrating and follow along on Instagram: @joi.dollar.plus

About PesoRama Inc.

PesoRama, operating under the JOi Dollar Plus brand, is a Mexican value dollar store retailer. PesoRama launched operations in 2019 in Mexico City and the surrounding areas targeting high density, high traffic locations. PesoRama's 23 stores (24^th store opening on October 26^th) offer consistent merchandise offerings which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery and more. For more information visit: http://pesorama.ca.

For further information please contact:

Rahim Bhaloo
Founder, CEO & Chairman
rahim@rahimbhaloo.com
416-816-3291

Cautionary Note

This press release contains "forward-looking information" within the meaning of applicable securities laws, including, among other things, statements regarding the Company's planned expansion, new store openings and expected future developments and other factors that have been considered appropriate. While the Company believes that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements, including due to changes in consumer behaviour, general economic factors, the ability of the Company to execute its strategies, the availability of capital and the risk factors which are discussed in greater detail in the "Risk Factors" section of the Company's prospectus dated January 31, 2022 and filed under the Company's profile on www.sedarplus.ca. The statements in this press release are made as of the date of this release. PesoRama undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of PesoRama, its securities, or its financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227794

FAQ

When is PesoRama (PSSOF) opening its new store in La Condesa?

PesoRama is opening its new store in La Condesa on October 26th, 2024.

How many stores will PesoRama (PSSOF) have after the La Condesa opening?

After the La Condesa opening, PesoRama will have 24 JOi Dollar Plus stores in Mexico.

What is the size of PesoRama's (PSSOF) new La Condesa store?

The new La Condesa store is 554 square meters in size.

Where is PesoRama's (PSSOF) new store located in relation to Mexico City?

The new store is located in La Condesa neighborhood, 5 kilometers from the center of Mexico City.