PesoRama Announces Grand Opening of Store #25 on December 21st in Portal Centenario
Rhea-AI Summary
PesoRama Inc (TSXV: PESO) announced the grand opening of its 25th JOi Dollar Plus store in Portal Centenario, México City, scheduled for December 21st. The new 413-square meter store is located in Álvaro Obregón, a municipality with approximately 759,137 inhabitants, situated 19.5 kilometers from Mexico City's center. The company will host a live stream of the ribbon-cutting ceremony on Instagram (@joi.dollar.plus) at 2:00 PM CDMX / 3:00 PM EST.
CEO Rahim Bhaloo emphasized that this milestone opening enhances their Mexican market expansion and accessibility, noting plans for additional locations in high-density customer areas to drive continued growth.
Positive
- Expansion milestone reached with 25th store opening
- Strategic location in densely populated area (759,137 inhabitants)
- Continued execution of growth strategy in Mexican market
Negative
- None.
News Market Reaction – PSSOF
In the trading session that priced this news, PSSOF gained 15.55%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
A live stream of the ribbon cutting and new store opening celebration will be held on Saturday, December 21 at 2:00 PM CDMX / 3:00 PM EST on JOi's Instagram page: @joi.dollar.plus
Toronto, Ontario--(Newsfile Corp. - December 19, 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 #25 on December 21st in Portal Centenario.
The 413-square meter site in Portal Centenario, Álvaro Obregón, México City. This municipality has a population of approximately 759,137 inhabitants. La Condesa store is located 19.5 kilometers from the center of Mexico City.
"The opening of our 25th 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 & Executive 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, December 21st at 2:00 PM CDMX / 3:00 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 24 stores (25th store opening on December 21st ) offer consistent merchandise offerings which include items in the folloswing 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 & Executive 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/234579