11:54 AM EDT, 03/20/2024 (MT Newswires) -- Neighbourly Pharmacy Inc. ( NBLYF ) has closed its plan of arrangement to be taken private by Persistence Capital Partners.

"Today's announcement marks an important milestone for Neighbourly. We are excited for a bright future as a private company," said CEO Skip Bourdo. "This going-private transaction provides us with increased flexibility to pursue our growth initiatives, invest in innovation, and drive operational excellence. We are focused on continuing to grow our network of pharmacies and serve more communities across Canada."

Neighbourly's common shares are expected to be delisted from the TSX at the close of trading on or about March 21.

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