Rubicon Pharmacies Canada

Rubicon Pharmacies Canada Inc. has raised preferred share equity capital of  $17,000,000  for the acquisition of pharmacy stores in Canada.

Rubicon Pharmacies Canada Inc. has raised preferred share equity capital of $17,000,000 for the acquisition of pharmacy stores in Canada.

Industry:

Health Care

Rubicon Pharmacies Canada Inc. has raised preferred share equity capital of $17,000,000 for the acquisition of pharmacy stores in Canada. MNP Corporate Finance Inc. acted as the exclusive financial advisor in arranging this private placement.

Transaction Brief

This transaction provided the preferred share equity capital for Rubicon Pharmacies Canada Inc. (“Rubicon Pharmacies”) to execute their strategy to acquire pharmacy stores and continue the company’s expansion in Western Canada.  Rubicon Pharmacies has acquired six Pharmasave locations in the Saskatoon market.

About Rubicon Pharmacies Canada Inc.:  Rubicon Pharmacies operates 63 locations across Saskatchewan, Manitoba and Alberta.  The Company’s mission is to provide unique investment opportunities that serve the health care needs of Canadians.  By offering competitive advantages and attractive returns on investment, Rubicon Pharmacies provides an alternative route for pharmacists to own their own future with an independent drugstore. About Pharmasave Drugs (Central) Ltd.:  With over 500 stores in nine provinces, Pharmasave is one of Canada’s leading independent pharmacy and drugstore retailers.  Since being founded in 1981, Pharmasave has focused on building a national platform of community based retail outlets designed to provide customers with exceptional service, products and advice.  Each Pharmasave store operates independently to serve its individual community, which ensures both programs and services are tailored to the needs of customers and a commitment to helping all customers.