Neighbourly Pharmacy Inc. (TSX:NBLY) agreed to acquire 20 Pharmacies Located Throughout Alberta for CAD 41 million on October 7, 2021. The purchase price will be funded from cash on hand. The acquisition is expected to close within Neighbourly's third fiscal quarter 2022, pending customary regulatory approvals.

The acquisition is consistent with the Neighbourly's historical acquisition multiples and will be immediately accretive. The transaction is expected to occur within the third quarter of the Neighbourly Pharmacy Inc. fiscal year ending March 26, 2022.