Neighbourly Pharmacy Inc. (TSX:NBLY) announced that it has entered into a subscription agreement to issue 1,058,823 common shares at issue price of CAD 17 per share for gross proceeds of CAD 18,000,000 on May 3, 2021. The transaction will include participation from Rx Sidecar II, L.P. The closing of the transaction is scheduled to occur concurrently with the closing and is conditional upon closing of the public offering which is expected during the week of May 24, 2021.