Mednow Inc. Acquires Mednow Pharmacy Inc. (Mednow East)
April 1, 2022
Mednow Inc. (TSXV:MNOW) has completed the previously announced acquisition of all issued and outstanding voting shares of Mednow Pharmacy Inc. ("Mednow East") for approximately C$65,578 in cash and by converting approximately C$1,374,422 of intercompany debt into a non‑interest bearing convertible promissory note. Mednow East will be consolidated into Mednow's operations, the existing pharmacy agreement between the entities will be terminated, and the acquisition supports Mednow’s plan to expand its national presence and digital-first pharmacy services across Canada.
- Buyers
- Mednow Inc.
- Targets
- Mednow Pharmacy Inc. (Mednow East)
- Sellers
- Amir Ali Reyhany-Bozorg, Felipe Campusano, Karim Nassar
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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