PesoRama Announces Grand Opening of Store #26 on April 26th in City Shops Del Valle
Rhea-AI Summary
PesoRama Inc (TSXV: PESO) has announced the grand opening of its 26th JOi Dollar Plus store in Mexico, scheduled for April 26th, 2025. The new location spans 406 square meters and is situated in the City Shops del Valle mall, approximately 14.9 kilometers from Mexico City's center.
The Del Valle neighbourhood is strategically chosen for its established commercial activity and higher-income demographic. The store opening celebration will feature a live-streamed ribbon-cutting ceremony on the company's Instagram page (@joi.dollar.plus) at 2:00 PM CDMX / 4:00 PM EST.
CEO & Chairman Rahim Bhaloo emphasized that this expansion enhances accessibility for Mexican consumers and indicated plans for additional locations in high-density areas to support continued growth.
Positive
- Expansion continues with 26th store opening in Mexico
- Strategic location in higher-income neighborhood with strong commercial activity
- Large retail space of 406 square meters in established shopping mall
Negative
- None.
News Market Reaction – PSSOF
In the trading session that priced this news, PSSOF gained 49.89%, 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, April 26 at 2:00 PM CDMX / 4:00 PM EST on JOi's Instagram page: @joi.dollar.plus
Toronto, Ontario--(Newsfile Corp. - April 24, 2025) - 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 #26 on April 26th in City Shops del Valle.
Store #26 is a 406 square meter location inside the "City Shops del Valle" mall in the Del Valle neighbourhood. Known for its established commercial activity and higher-income residents, this area offers a strong customer base seeking convenient access to everyday essentials. Located 14.9 kilometers from the center of Mexico City.
"The opening of our 26th 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, April 26th 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 25 stores (26th store opening on April 26th) 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.sedar.com. 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/249627