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PharmaCorp Rx Closes Two New Acquisitions for About CA$1.8 Million

PharmaCorp Rx Closes Two New Acquisitions for About CA$1.8 Million

MT newswireMT newswire2026/10/02 10:18
06:18 AM EDT, 10/02/2026 (MT Newswires) -- PharmaCorp Rx (PCRX.V) has completed its acquisition of a 100% stake in a PharmaChoice Canada-bannered pharmacy in Western Canada for CA$1.3 million, boosting its overall store count to 17 pharmacies. PharmaCorp has also completed the acquisition of the prescription files, patient records and related operational data of an I.D.A.-bannered pharmacy in Western Canada for CA$475,000, the company said Thursday. The file acquisition was an asset purchase and did not add a location to PharmaCorp's network. The company has also exercised its CA$10 million accordion feature under its acquisition term facility with Canadian Imperial Bank of Commerce, increasing the credit limit of the facility to CA$27.5 million from CA$17.5 million. Amounts available under the facility may be used to fund acquisitions of pharmacy businesses and real property for the purpose of operating a pharmacy business.
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