05:20 PM EST, 12/30/2024 (MT Newswires) -- ARCpoint ( ARCPF ) after trade Monday entered into an agreement for the sale of its 68% share ownership interest in Achieve Behavioral Health Greenville LLC, a non-core assset, for total consideration of US$480,000.

The buyer of ARCpoint's ( ARCPF ) 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 ( ARCPF ).

Achieve is a South Carolina company that operates under the brand name Vertical Treatment Centers and provides drug and alcohol addiction treatment services.

"The sale of this non-core asset further streamlines our operations and will provide us with working capital funds to advance technology platform integration work," said President and CEO John Constantine, "so that we may begin on-boarding the CRESSO Brands franchisee locations not currently on our MyARCpointLabs technology platform."