Salona Global Medical Device Corporation Announces Execution of a Non-Binding Agreement to Acquire a US$5M in Annual Revenue Plastics Business with 40% Gross Margins

SAN DIEGO, June 07, 2022 (GLOBE NEWSWIRE) -- Salona Global Medical Device Corporation (“Salona Global” or the ‎‎“ Company”) (TSXV:SGMD.VN), ‎an acquisition-oriented medical device company serving the global injury and surgery recovery (known as recovery science) market, announced today it has executed a non-binding agreement (“Agreement”) to acquire a cash flow positive medical device business it plans to close with its current balance sheet.