GreeneStone Healthcare Corporation (OTCBB/QB: GRST) (“GreeneStone” or
“the Company”) is joining a growing chorus of companies that have taken
up the cause of mental with the announcement that it will establish a
charitable foundation for the support of those with mental health issues
and more particularly with substance abuse problems. Often invisible,
mental illness is one of the most pervasive health issues in the country
with far-reaching consequences for every person. One in five people will
experience a form of mental illness at some point and most will be
reluctant to talk to a co-worker, friend or family member about their
struggle, let alone seek treatment. The list of companies that are
building awareness and raising funds to support mental health continues
to grow and includes major corporations, such as Bell Canada.
“Since 2006, we have seen a major drive in Canada to raise awareness of
mental health concerns. Mental issues have been stigmatized for too
long, and the kinds of campaigns that are being created, such as Bell’s
“Let’s Talk” campaign, are bringing this issue into the light of day. We
want our foundation to move beyond education and provide practical
support for those that suffer,” commented Shawn Leon, CEO of GreeneStone
Healthcare Corp.
GreeneStone is a new company in the behavioral treatment sector in
Canada, an industry that has been well developed in the US but remains
in its early evolutionary stages in Canada. With increased interest from
private equity acquirers in recent history, the behavioral treatment
sector has moved away from the periphery. Acquirers like Bain Capital
and Elements Behavioral have clearly demonstrated the attractiveness of
companies that can execute on the operational side in this underserviced
market.
In 2010, Bell announced the launch of an unprecedented multi-year
charitable program dedicated to the promotion and support of mental
health. Over the next several years, this multi-million dollar
initiative will support a wide range of programs that will enhance
awareness, understanding and treatment of mental illness and promote
access to care and research across the country.
Other companies with prominent contributions to the mental health cause
include the following:
Intervention Canada (Shaw Media – Slice Network) – Intervention Canada
profiles individuals who suffer from drug dependencies or other
compulsive behaviours and the resulting personal crisis that has arisen
from it. The Canadian series comes after the multiple Emmy-nominated
U.S. series broke ground with its shocking look at the problem of
addiction. The show brings to light many mental health issues that have
for too long gone unnoticed by the public eye.
“Transforming Lives” (Center for Addiction and Mental Health) –
“Transforming Lives” is an awareness campaign that focuses on personal
stories of Ontarians’ experiences with addiction and mental illness.
Both celebrities and non-celebrities have profiled their struggles
overcoming addictions and mental illness. Every two years, the Centre
for Addiction and Mental Health (CAMH) Foundation honours extraordinary
people who have overcome or are overcoming the challenges of living with
mental illness and/or addiction and now serve as models of hope and
inspiration to others.
The Canada Post Foundation for Mental Health (Canada Post): The Canada
Post Foundation for Mental Health raises awareness about mental illness
and helps front-line, grassroots organizations. Since its formation in
October 2007, the foundation has delivered more than $4.6 million in
grants to almost 100 organizations in Canada.
Follow GreeneStone Healthcare Corp. and the company's activities
at the following Facebook sites:
GreeneStone Muskoka: https://www.facebook.com/pages/GreeneStone-Muskoka/510641255628356
GreeneStone Yorkville: https://www.facebook.com/pages/GreeneStone-Yorkville/452197614820117
About GreeneStone Healthcare Corporation
GreeneStone Healthcare Corp. (OTCBB: GRST) is a provider of mental
health services, specializing in the areas of addiction treatment,
eating disorders, nutrition and weight loss, and executive healthcare.
GreeneStone is among the many nascent healthcare companies re-defining
the healthcare space for the modern economy, which include Roche Holding
Ltd. (OTCQB: RHHBY), Sarepta Therapeutics Inc. (NASDAQ: SRPT), Nektar
Therapeutics (NASDAQ: NKTR), Celldex Therapeutics, Inc. (NASDAQ: CLDX),
Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN), Zogenix, Inc. (NASDAQ:
ZGNX). The company operates medical and healthcare clinics in Ontario,
Canada, serving a North American and international clientele.
GreeneStone’s clinics meet several ends: (1) GreeneStone adds overflow
capacity to an increasingly stretched public healthcare system in
Canada, (2) GreeneStone mental health clinics provide private
alternatives to publicly available but highly underserviced healthcare
subsectors, and (3) GreeneStone meets newly developing healthcare needs
undisturbed by the public/private market, such as eating disorders. The
company is headquartered in Toronto, Canada.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 (the “Securities
Act”) and Section 21E of the Securities Exchange Act of 1934 (the
“Exchange Act”). To the extent that any statements made in this press
release contain information that is not historical, these statements are
essentially forward-looking. Forward-looking statements can be
identified by the use of words such as “expect,” “plan,” “will,” “may,”
“anticipate,” “believe,” “should,” “intend,” “estimate,” and variations
of such words. Forward-looking statements are subject to risks and
uncertainties that cannot be predicted or quantified and, consequently,
actual results may differ materially from those expressed or implied by
such forward-looking statements. Such risks and uncertainties include,
without limitation, those risks and uncertainties contained in this
press release and those identified in the periodic reports that the
company files with the Securities and Exchange Commission (the “SEC”)
pursuant to the Exchange Act.
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