Neighbourly Pharmacy Inc. (TSX:NBLY) entered into a binding agreement to acquire Seven Pharmacies in Western Canada on June 6, 2023. The Acquisition will be funded from cash on hand and drawings on the Company?s credit facility. The deal is subject to pending customary regulatory approvals and the satisfaction of customary closing conditions. The deal is expected to close by the end of June 2023. The deal will generate total annualized Adjusted EBITDA of approximately CAD 4.4 million.

Neighbourly Pharmacy Inc. (TSX:NBLY) completed the acquisition of Seven Pharmacies in Western Canada on June 28, 2023.