TORONTO, April 17 /CNW/ - Well.ca (http://www.well.ca), Canada's largest
online non-prescription drugstore, receives significant financing from Maple
Leaf Angels enabling it to maintain its leadership in the growing online
Canadian drugstore market. Partnering with Maple Leaf Angels in this
investment is Jim Estill, CEO of SYNNEX Canada. "Well.ca has positioned itself
to dominate the online drugstore market in Canada," said Estill. "I believe
they have the potential to change the way Canadian consumers purchase their
health and beauty necessities."
Building on his knowledge of the drugstore business gleaned from his
pharmacist father, Ali Asaria, 27, founded Well.ca in September, 2007 to
provide consumers with the convenience of online shopping for drugstore
products. Headquartered in Guelph, Ontario, Well.ca provides a vast selection
of over-the-counter medications, medical supplies, skin care products,
cosmetics, and more at cost effective prices. All are shipped directly to the
customer's home for just $3. The company provides convenience for busy moms,
extensive selection for rural customers, and privacy for those seeking
personal products. Well.ca is growing at a rate of 35% per month, lists over
10,000 products online, and receives more than 100,000 hits per day.
"Accepting this investment means that we can continue to reach more
Canadians, and expand the service that so many have already grown to love,"
said Asaria. "With this investment, we're proud to be bringing on a set of
accomplished technology entrepreneurs to our board."
Retail health is a $29.5 billion dollar industry in Canada. While there
are several successful online drugstores in the United States, including
drugstore.com (NASDAQ: DSCM) and Walgreens (NASDAQ, NYSE: WAG), Well.ca is the
first Canadian focused company to serve this market, and it is one of the
fastest growing ecommerce companies in Canada.
About the Maple Leaf Angels
Maple Leaf Angels, based in Toronto, is composed of seasoned, high net
worth private investors from a wide variety of backgrounds who bridge the gap
between entrepreneurs and capital. The relationship between Maple Leaf Angels
and companies they partner with is powerful, helping innovative companies find
the capital they need to grow their company. Since inception in 2007 this
group has invested $4 million in 9 high growth companies. Visit
http://www.mapleleafangels.com for more information.
For further information:
For further information: Alex Dao, Marketing Communications, Well.ca,
email@example.com, (519) 489-7185 x214; Rob Koturbash, Managing Director, Maple
Leaf Angels, firstname.lastname@example.org, (416) 368-8770 x230; For
additional information, and references, please visit http://www.well.ca/pr