SOURCE: Murphy Analytics

February 05, 2014 08:45 ET

Murphy Analytics Announces Initiation of Coverage on GreeneStone Healthcare Corporation

ST. LOUIS, MO--(Marketwired - Feb 5, 2014) - Murphy Analytics (MA) has initiated coverage on GreeneStone Healthcare Corporation (OTCBB: GRST). The Initiation Report contains a detailed discussion of GRST's planned business operations, market dynamics, financials, potential cash flows, and risks. The Initiation Report is available at:

About GRST
GreeneStone Healthcare Corporation (GRST) operates medical and healthcare clinics in Ontario, Canada. GreeneStone's clinics serve to add overflow capacity to an increasingly stretched provincial healthcare system, and provide private alternatives to publicly available healthcare services. Its four medical clinics (three in Toronto, along with a facility in Muskoka, Ontario) offer various medical services, including addiction treatment, endoscopy, minor cosmetic procedures, and executive health care services. The Company currently has more than 60 employees and is based in North York, Ontario.

Analyst Patrick Murphy notes in the report: "While the Company faces a range of operational, financial and competitive challenges as well as significant uncertainties related to the letters of intent, the outlook for GRST seems very positive based on the Company's market opportunity and recent developments and progress."

About Murphy Analytics
Utilizing institutional caliber, fundamental analysis, Murphy Analytics helps readers become more informed about equities without extensive analyst coverage. Murphy Analytics LLC is owned by Patrick J. Murphy, who has nearly 20 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's.

Disclosure: MA was compensated $5,000 by a GRST investor in advance of the publication of this report. Neither MA nor the analyst owns or trades the shares of covered companies. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice.

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