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Pharmacorp Rx Inc. ( (TSE:PCRX) ) has shared an update.
PharmaCorp Rx Inc. has filed a Final Short Form Base Shelf Prospectus, allowing the company to qualify the distribution of up to $100 million in various securities over a 25-month period. This move provides PharmaCorp with the flexibility to efficiently access capital for strategic acquisitions and expansion opportunities across Canada, enhancing its national growth strategy and strengthening its operations platform. The filing is a significant step in PharmaCorp’s growth journey, positioning it to accelerate its national expansion and capitalize on its alliance with PharmaChoice Canada.
More about Pharmacorp Rx Inc.
PharmaCorp Rx Inc. is a Canadian pharmacy acquisition and ownership platform that focuses on empowering pharmacists as equity partners and supporting succession for retiring pharmacy owners. The company is building a national network of community pharmacies under the PharmaChoice Canada banner and currently operates seven PharmaChoice Canada bannered pharmacies. PharmaCorp is committed to acquiring both PharmaChoice Canada bannered and independent pharmacies across Canada, rebranding non-bannered locations under the PharmaChoice Canada platform.
Average Trading Volume: 35,076
Technical Sentiment Signal: Hold
Current Market Cap: C$50.85M
Learn more about PCRX stock on TipRanks’ Stock Analysis page.