On Aug. 20, 2024, the company announced that it had entered into a transaction with Any Lab Test Now (ALTN) to bring together the franchise operations of both Any Lab Test Now and ARCpoint into a new joint venture company, CRESSO Brands LLC. ALTN, based in Atlanta, Ga., was founded in 1992 and at the time of the Aug. 20, 2024, transaction, had more than 235 United States franchise locations, providing direct access to clinical, DNA, and drug and alcohol lab testing services, as well as phlebotomy and other specimen collection services, through its retail storefront business model. When combined with the more than 135 ARCpoint franchise group locations, also at the time of the transaction, CRESSO is now the largest franchise network of its kind in the United States. At the time of the CRESSO transaction, ALTN and ARCpoint also agreed to make ARCpoint’s MyARCpointLabs technology platform (MAPL) the systems choice for CRESSO brand franchisees. Given that the Company now holds a 29.5% interest in the CRESSO, ARCpoint’s interest is accounted for using the equity method. As a result, revenues and costs previously attributable to the Company’s franchise operations, are no longer consolidated into the ARCpoint’s financial statements.