How to buy Mednow stock in Canada

Find out how to own Mednow stock in a few simple steps.

Dawn Daniels's headshot

By

Dawn Daniels

Updated

Fact checked

Start comparing

Vancouver-based online pharmacy, Mednow, is publicly trading on the TSX Venture Exchange (TSXV) under the ticker symbol “MNOW.” Here’s how Canadian investors can buy in.

How to buy Mednow stock

You’ll need a brokerage account to invest in Mednow. Here’s how it works:

  1. Compare stock trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Mednow Inc. Find the stock by name or ticker symbol: MNOW. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until Mednow reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market’s ups and downs. You may be able to buy a fractional share of Mednow Inc., depending on your broker.
  6. Check in on your investment. Optimize your portfolio by tracking how your stock — and the business as a whole — performs in the long term. You may be eligible for dividends and shareholder voting rights on directors and management decisions that can affect your stock.

About Mednow Inc.

Founded/Headquartered2018, Vancouver
Type of businessTelemedicine. Provides virtual pharmaceutical and healthcare services in Ontario and BC. Licensed doctors are available to consult with patients and provide prescriptions, lab work requisitions and specialist referrals if necessary. Prescriptions are handled (dispensed, refilled etc.) by licensed pharmacists. Free medication delivery is available, including same day delivery in the Greater Toronto and Greater Vancouver Areas. Mednow also offers medication management solutions for patients including labelled PillSmart packets and Karie, an automated pill dispenser and medication scheduling/reordering system.
Financial info
  • Raised $5,440 from financing activities in 2018
  • Raised $127,199 from financing activities in 2019
  • Raised $5,787,350 from financing activities in 2020
IPO information
  • Went public on the TSXV on March 9, 2021 under the ticker symbol MNOW
  • Sold 5,492,325 stocks for $6.75 each. Raised a total of $37 million from its IPO (slightly higher than anticipated, according to the company’s prospectus).
  • View prospectus here (filed February 26, 2021)

Compare online stock trading platforms

To buy stocks, you’ll need to open a brokerage account. Compare your options using the table below to find the best fit for you. Take a look at our guide on opening a stock trading account to learn more.

1 - 6 of 6
Name Product CAFST Available Asset Types Account Types Stock Trading Fee Account Fee Offer
Interactive Brokers
Finder Score: 4.2 / 5: ★★★★★
Interactive Brokers
Stocks, Bonds, Options, Index Funds, ETFs, Currencies, Futures
RRSP, TFSA, Personal, Joint
min $1.00, max 0.5%
$0
Go to siteView details
CIBC Investor's Edge
Finder Score: 3.7 / 5: ★★★★★
OFFER
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint
$6.95
$0 if conditions met, or $100
Get 100 free trades when you open a CIBC Investor’s Edge account using promo code EDGE2425. Plus, get $200 or more cash back. Valid until March 31, 2025.
Go to siteView details
Moomoo Financial Canada
Finder Score: 3.9 / 5: ★★★★★
CASHBACK
Moomoo Financial Canada
Stocks, Options, ETFs
RRSP, TFSA, Personal
$0.014/stock
$0
Enjoy a 6% cash rebate, plus $2,200 in trading perks.
Go to siteView details
RBC Direct Investing
Finder Score: 3.8 / 5: ★★★★★
RBC Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint, Business
$6.95 - $9.95
$0 if conditions met, otherwise $25/quarter
Go to siteView details
Questrade
Finder Score: 3.9 / 5: ★★★★★
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, Forex, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal
$4.95 - $9.95
$0
Go to siteView details
Qtrade Direct Investing
Finder Score: 3.6 / 5: ★★★★★
OFFER
Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
RRSP, RESP, RRIF, TFSA, Personal, Joint
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Get 1% cashback or more, a $100 sign-up bonus & unlimited free trades until December 31, 2024. Use code SUMMERBONUS2024.
Go to siteView details
loading
Online stock trading
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

More on investing

Dawn Daniels's headshot
Written by

Publisher

Dawn Daniels is a freelance content strategist and SEO manager and former editor at Finder, specializing in investments and lending. Dawn has edited more than 50 published books, including personal finance titles that have become best sellers on the Amazon Top 100. She holds a BA in English language and literature from Cornell College. See full bio

More resources on Finder

More guides on Finder

Go to site