11:36 AM EDT, 07/14/2025 (MT Newswires) -- Hydreight Technologies ( HYDTF ) on Monday rose near 3% after agreed to acquire an initial 5% interest in U.S. pharmacy company Perfect Scripts for shares worth $5.18 million.

Hydreight ( HYDTF ), which operation mobile health clinics in the United States, said it is paying 2.25-million shares with a deemed price of $2.30 for the stake in Perfect Scripts.

The company said it will receive the lowest pricing for all products sold or made available by Perfect Scripts or its units. Hydreight ( HYDTF ) will also be granted a right to maintain its pro rata interest in Perfect Scripts and to raise its stake in Perfect Scripts to 40%.

"By controlling production, distribution, and pricing for key pharmaceuticals like GLP-1s and NAD+, we're boosting our pharmacy margins, securing a consistent supply chain, and deepening our defensibility with true vertical integration," said Chief Executive Shane Madden. "The addition of a 50-state 503A pharmacy puts us firmly in the driver's seat on patient-specific meds with full compliance."

Shares of the company were last seen up $0.06 at $2.19 on the TSX Venture Exchange.

Price: 2.20, Change: +0.07, Percent Change: +3.29