LVT signs LOI to acquire pharmacy chain in BC Levitee Labs ($LVT $LVT.c $LVTTF) signed a letter of intent to acquire 100% interest in a chain of specialty addiction pharmacies in Vancouver, BC.
- Acquire 100% of issued and outstanding shares
- Acquisition price of $4M based on approx 4.7x trailing 6 months annualized EBITDA of $850,000
- Chain of pharmacies operates in 3 locations which will be added to Levitee Pharmacies
- Second largest acquisition to date
This acquisition is $LVT's first move into BC, where the opioid epidemic and addiction has been a major decade long problem.
It is a great move for $LVT as it provides a solid foothold in BC for $LVT to become a dominant player in treating patients suffering from addiction and substance use disorder.
https://finance.yahoo.com/news/levitee-labs-signs-letter-intent-130000873.html?.tsrc=rss