Rocky Mountain Liquor Inc. announced it has entered into a definitive agreement with one vendor to acquire four additional stores in Central Alberta. The acquisition of these stores is subject to certain conditions, including but not limited to the completion of a due diligence review, the amendment of real property leases and the receipt of senior lender approval. Given these conditions, it is possible that fewer than four stores will be acquired.

The aggregate purchase price of all assets is estimated to be $3,000,000, including inventory. The company has sufficient financial resources to complete the transaction with cash and existing term financing. After the transaction, the company will have available term financing of $10,750,000 that it can use to continue to execute on its growth strategy.