Cosmos Health Enters into LOI to Acquire $11,500,000 Pharmacy Distribution Network; Remains on Track to Deliver 2027 Revenue Guidance of $155,800,000

Core Viewpoint - Cosmos Health Inc. has entered into a Letter of Intent to acquire a pharmacy distribution network in Greece, aiming to enhance its commercial reach and operational efficiencies [1][3][4]. Group 1: Acquisition Details - The acquisition involves a pharmacy distribution network that generates approximately €10 million (around $11.5 million) in annual gross revenue [2]. - The Letter of Intent is valid for ninety days from March 6, 2026 [1]. Group 2: Strategic Implications - The acquisition is expected to strengthen CosmoFarm's distribution footprint and improve operating efficiencies through integration with its automated logistics platform [3]. - This transaction is part of Cosmos Health's broader strategy to achieve a revenue target of $155.8 million for 2027, combining organic growth and acquisitions [4]. Group 3: Leadership Perspective - CEO Greg Siok emphasized that the acquisition aligns with the company's strategy to enhance its pharmaceutical distribution platform and support revenue growth and profitability [5].