The TSX Venture Exchange has accepted for filing a disposition of all of the company's equity interest in its wholly owned subsidiary, Arcpoint Franchise Group LLC, into a new joint venture (JV) with an arm's-length party.

Pursuant to the terms of the transaction, the company will contribute all of its equity interest in the subsidiary to the JV in return for a 29.5-per-cent interest in the JV. The JV partner will contribute all its business to the JV in return for a 70.5-per-cent interest in the JV.

For further details, please refer to the company's news release dated Aug. 20, 2024.