Mr. Jason Tong reports

ARCPOINT CLOSES SALE OF OWNERSHIP STAKE IN NON-CORE ASSET

Arcpoint Inc. has now completed the sale of its 68-per-cent share ownership interest in Achieve Behavioral Health Greenville LLC, as originally announced on Dec. 30, 2024. In exchange for its ownership interest in Achieve, the company received cash of $360,000 (U.S.), plus the settlement of $120,000 (U.S.) in amounts owing between Arcpoint and the buyers of the Achieve interest, for total consideration of $480,000 (U.S.).

The transaction was a non-arm's-length transaction in accordance with the policies of the TSX Venture Exchange. The transaction also constituted a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Notwithstanding the foregoing, the directors of the company determined that the transaction was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 in reliance on the exemptions set forth in sections 5.5(a) and 5.7(1)(b) of MI 61-101.

About Arcpoint Inc.

Arcpoint is an innovative United States-based health care company that leverages technology along with bricks and mortar locations to give businesses and individual consumers access to convenient, cost-effective health care information and solutions with transparent, upfront pricing, so that they can be pro-active and preventive with their health and well-being.