Acquisition finalized Levitee Labs ( $LVT.CN ) uses a mergers and acquisitions regimen that focuses on integrative wellness assets, including psychedelic medicine/therapy companies.
$LVT is down 3.4% today so it is on a discount at $0.52 (MC 41.66)
They recently finalized the acquisition of 4 pharmacies that specialize in filling prescriptions for patients with mental health conditions, chronic pain and substance use disorders
These pharmacies are going to be great assets for them:
- In the last 12 months the revenue for these pharmacies have increased 25%
- Additionally, these locations are synergistic with $LVT 's other Alberta assets like their 5 ACT medical clinics and their recently purchased BlockMD telemedicine platform.
Full article here: https://financialpost.com/globe-newswire/levitee-labs-acquires-three-specialized-alberta-pharmacies