09:13 AM EDT, 04/03/2025 (MT Newswires) -- PharmaCorp RX (PCRX.V) on Thursday agreed with an arm's length vendor to buy a 100% interest in a pre-1954 charter company in Ontario for $2.1 million.

The acquired charter company will enable PharmaCorp to buy, own and operate pharmacies across Ontario. The deal is expected to close on or about April 30 and will be paid for with cash on hand.

Shares of the company closed down 3.9% to $0.49 on Wednesday on the TSX Venture Exchange.