EDMONTON, AB – August 4, 2026 – Dr. Phone Fix Canada Corporation (TSXV: DPF), one of Canada's fastest-growing and award-winning device repair and certified pre-owned electronics companies, is pleased to announce the successful completion of its acquisition of the assets of Martin Cell Phone Solutions Ltd., a well-established device repair business in Saint John, New Brunswick.
This acquisition marks Dr. Phone Fix's first location in New Brunswick, expanding its corporately owned retail network to 45 locations across six provinces. The move supports the company's long-term strategy of building a scalable national platform through strategic acquisitions, selective expansion, and strong industry partnerships.
Strengthening a National Presence
The newly acquired location brings an established customer base, experienced operations, and a strong local reputation. It also strengthens Dr. Phone Fix's growing presence in Atlantic Canada, following its recent expansion into Nova Scotia.
"Our goal is to build Canada's leading integrated device care platform by acquiring high-quality businesses and integrating them into our centralized operating model," said Piyush Sawhney, Founder and CEO of Dr. Phone Fix. "This acquisition reflects our disciplined growth strategy and positions us to create long-term value through operational efficiencies and national scale."
Transaction Highlights
Under the asset purchase agreement, Dr. Phone Fix acquired the business assets of Martin Cell Phone Solutions for a total purchase price of $144,440.48, including $9,440.48 in inventory.
The transaction was structured to support long-term growth while preserving capital and aligning incentives, including:
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$50,000 paid in cash at closing.
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$50,000 in deferred, performance-based payments tied to future revenue milestones.
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352,849 common shares issued to the vendor, valued at $44,440.48.
The issued shares are subject to a statutory hold period of four months and one day, in accordance with applicable securities laws. The acquisition has also received approval from the TSX Venture Exchange (TSXV).
Supporting Future Growth
Before the acquisition, Martin Cell Phone Solutions generated approximately $350,000 in annual revenue, based on historical financial information. Dr. Phone Fix plans to enhance the store's performance by integrating it into its centralized operating platform, including procurement, inventory management, pricing strategies, marketing, staff training, and standardized operational processes.
The Canadian device repair and certified pre-owned device market remains highly fragmented, creating significant opportunities for strategic consolidation. Dr. Phone Fix continues to identify and evaluate acquisition opportunities that complement its existing network while strengthening its ability to serve customers, wireless carriers, insurers, and OEM partners across Canada.
The company will continue providing uninterrupted service to Martin's existing customers while gradually transitioning the location under the Dr. Phone Fix brand and operating model.
With 45 retail locations nationwide, Dr. Phone Fix remains focused on expanding its footprint, delivering high-quality repair services, and providing customers across Canada with trusted solutions for smartphones, tablets, laptops, and other electronic devices.
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