ARCPOINT REACHES AGREEMENT TO SELL 68% OWNERSHIP STAKE IN NON-CORE ASSET

Greenville, South Carolina, Dec. 30, 2024 (GLOBE NEWSWIRE) -- ARCpoint Inc. (TSXV: ARC) (the “Company” or “ARCpoint”) reports that it has entered into an agreement for the sale (the “Transaction”) of its 68% share ownership interest in Achieve Behavioral Health Greenville LLC, (“Achieve”) for total consideration of US$480,000. From the total consideration amount, the buyer of ARCpoint’s interest in Achieve will deduct US$120,000 in recognition of net amounts owing between the two parties and make a total cash payment of US$360,000 to ARCpoint. Achieve is a South Carolina company that operates under the brand name Vertical Treatment Centers and provides drug and alcohol addiction treatment services.

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