Dr. Albert Friesen reports

MEDICURE ANNOUNCES FURTHER EXPANSION OF ITS PHARMACY BUSINESS THROUGH SIGNING OF A PURCHASE AGREEMENT FOR THE ACQUISITION OF WEST OLYMPIA PHARMACY

Through Medicure Inc.'s wholly owned United States subsidiary, Medicure Pharma Inc., it has signed a definitive agreement on April 10, 2025, to acquire 100 per cent of West Olympia Pharmacy Inc. from an arm's-length third party (the proposed transaction) for a purchase price of $975,000 (U.S.). West Olympia generated unaudited revenue of approximately $6.8-million (U.S.) and net income of $325,000 (U.S.) for the 12-month period ended Dec. 31, 2024.

Closing of the proposed transaction is subject to a number of terms and conditions, including but not limited to, transfer of agreements and licenses to Medicure.

"This next acquisition further aligns with Medicure's strategic plan for the expansion of Medicure's direct-to-consumer pharmacy business," said Dr. Albert D. Friesen, chief executive officer of Medicure and chair of its board of directors. "West Olympia has built a substantial customer base and we look forward to welcoming the West Olympia pharmacy team and its customers and prescribers. This expansion extends our growth in addition to our recent acquisition of Gateway Pharmacy to more patients and positions Medicure to accelerate its growth of Zypitamag and its other products and services. Selling Zypitamag directly to consumers through our pharmacy business has proven to facilitate access, improve adherence, lower the cost to patients and lower our costs of distribution."

Medicure will use existing cash and not require any financing or acquire any debt as part of the proposed transaction, and no finder fees are being paid by Medicure.

About Medicure Inc.

Medicure is a company focused on the development and commercialization of pharmaceuticals and healthcare products for patients and prescribers in the United States market. The present focus of the company is the marketing and distribution of Aggrastat (tirofiban hydrochloride) injection and Zypitamag (pitavastatin) tablets in the United States, where they are sold through the company's U.S. subsidiary, Medicure Pharma Inc. Medicure also operates Marley Drug Inc., a pharmacy subsidiary servicing all 50 states, Washington, D.C., and Puerto Rico. Marley Drug is committed to improving access to medications for all Americans together with exceptional customer service and free home delivery.

About West Olympia Pharmacy Inc.

Independently owned, West Olympia is located in West Olympia, Wash., in a medical office complex near multiple clinics.

We seek Safe Harbor.