Business
DR. PHONE FIX ENTERS NEW BRUNSWICK THROUGH STRATEGIC ACQUISITION AND ADDITIONAL STORE EXPANSION
Dr. Phone Fix Canada Corporation (TSXV: DPF) ("Dr. Phone Fix" or the "Company"), one of Canada's fastest-growing and award-winning consumer electronics repair and resale platforms, is pleased to announce that it has entered into a definitive agreement to acquire the assets of Cell Phone Solutions, a device repair business based in Saint John, New Brunswick (the "Transaction").
About this update from Dr. Phone Fix Canada Corporation
[{"type":"text","content":"EDMONTON, AB, May 25, 2026 /CNW/ - Dr. Phone Fix Canada Corporation (TSXV: DPF) ("Dr. Phone Fix" or the "Company"), one of Canada's fastest-growing and award-winning consumer electronics repair and resale platforms, is pleased to announce that it has entered into a definitive agreement to acquire the assets of Cell Phone Solutions, a device repair business based in Saint John, New Brunswick (the "Transaction").","length":453,"tagName":"p"},{"type":"image","alt":"Dr. Phone Fix logo (CNW Group/Dr. Phone Fix)","displaySize":"","headline":null,"caption":"Dr. Phone Fix logo (CNW Group/Dr. Phone Fix)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/cnwgroup.com/3f6e920eafbfe82b8197c34cb44313eb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Mh6tAwKphtGWg0POKSsNMA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNQ--/https://media.zenfs.com/en/cnwgroup.com/3f6e920eafbfe82b8197c34cb44313eb","width":400,"height":400},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/VMD_6QtEgd4d86GfuCaeMA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTY0MA--/https://media.zenfs.com/en/cnwgroup.com/3f6e920eafbfe82b8197c34cb44313eb","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2986764/Dr__Phone_Fix_DR__PHONE_FIX_ENTERS_NEW_BRUNSWICK_THROUGH_STRATEG.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The acquisition, together with the signing of two additional retail leases in New Brunswick and Ontario, further strengthens the Company's expanding national footprint and reinforces its strategy of growth through acquisitions and disciplined greenfield expansion.","length":268,"tagName":"p"},{"type":"text","content":"Transaction Highlights","length":22,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Acquisition of an established revenue-generating repair business in Saint John, New Brunswick","length":93,"tagName":"p"}]},{"val":[{"type":"text","content":"Total purchase price of $175,000, including approximately $40,000 in inventory","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"$50,000 cash payment at closing, with additional deferred and performance-based payments","length":88,"tagName":"p"}]},{"val":[{"type":"text","content":"Balance satisfied through the issuance of common...