PharmaCorp Completes Acquisition of a Pharmacy in Atlantic Canada

SASKATOON, Saskatchewan, Oct. 02, 2024 (GLOBE NEWSWIRE) -- PHARMACORP RX INC. (“PharmaCorp” or the “Corporation”) (TSXV: PCRX) is pleased to announce that, further to its news release dated September 25, 2024, it has completed the acquisition of a 100% interest in a pharmacy business including land and buildings (the “Acquired Pharmacy”) located in Atlantic Canada (the “Acquisition”). The aggregate purchase price for the Acquired Pharmacy was $15,377,013, of which $15,177,013 was paid using cash on hand and $200,000 was paid by issuing common shares of PharmaCorp (“Common Shares”). The deemed price for the Common Shares was $0.6616 pursuant to the price adjustment mechanism included in the applicable share purchase agreement.

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