Acquiring Company
Suite Studios
Acquired Company
Pharmacy
BoulderInformation TechnologyDescription
Mednow Inc. (“Mednow'' or the “Company”) (TSXV:MNOW), Canada’s on-demand virtual pharmacy, is pleased to announce the Company has completed the acquisition (the "Acquisition"), previously announced on March 7, 2022, of all of the issued and outstanding voting shares of Mednow Pharmacy Inc. (“Mednow East”), for an aggregate cash payment of approximately C$65,578 and the Company’s agreement to convert approximately C$1,374,422 owed by Mednow East to the Company pursuant to a pharmacy agreement dated September 15, 2020, as amended October 30, 2020 (the “Pharmacy Agreement”) into a non-interest bearing on-demand convertible promissory note (the “Note”). At the sole discretion of the Company, the Note can be satisfied by the payment of cash or the issuance of 2,095 Class A Special Shares of Mednow East at a deemed price of $655.78 per share. Mednow East’s revenue and expenses will be consolidated with those of the Company and the Pharmacy Agreement between the two parties will be terminated
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Frequently asked
Who acquired Pharmacy?
Pharmacy was acquired by Suite Studios, based in Boulder. The deal was reported on April 1, 2022. Suite offers cloud storage that solves the biggest headaches faced by dispersed & hybrid creative teams today—no downloading or syncing files required. Suite Studios is privately held and operates in Information Technology.
When did Suite Studios acquire Pharmacy?
Suite Studios's acquisition of Pharmacy was reported on April 1, 2022. Mednow Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Pharmacy do?
Pharmacy business provides latest pharmacy news, pharmacy updates ,research and innovation. Stay updated with the recent updates. Subscribe Pharmacy Business It is privately held.
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