Neighbourly Pharmacy Inc. (TSX:NBLY) entered into a binding agreement to acquire Five Pharmacies Located Throughout Western Canada for approximately CAD 21 million on October 26, 2021. The consideration will be funded from cash on hand and is consistent with Neighbourly?s historical acquisition multiples. Neighbourly estimates these locations will generate total annualized Adjusted EBITDA of approximately CAD 3 million. The acquisition is subject to pending customary regulatory approvals and expected to close within Neighbourly?s fourth quarter of fiscal 2022. The acquisition will be immediately accretive.