Ethema Health Corp (GRST)

[DDC1]

On July 1, 2020 the Company did close on the balance of a $220,000.00 financing with Leonite Capital Inc., which will pave the way to complete the acquisition of the company that will give Ethema a new treatment center location in West Palm Beach, Florida.   The Company further reports that it is the final stages of completing the restructure of its debt to Leonite Capital Inc.  The Company will file on form 8-K the details of the financing, the restructure and acquisition oAll existing Leonite Warrants to be exchanged with a new Leonite five year warrant granting Leonite the option to purchase equity up to 20% of the outstanding common shares at $.10 subject to adjustment. Any portion of the warrant that is exercised will reduce the remainder of the warrant remaining based on the total number of common shares outstanding at the time of the exercise. The warrant may not be exercised in the first three months of the warrant term.