Ethema Health Corp (GRST)

[stervc]

GRST News*Completes Healthcare Acquisition Debt to Preferred...

This is great news that was released by GRST below:
https://www.globenewswire.com/news-release/2020/08/20/2081546/0/en/Ethema-Completes-Restructure-and-Gets-Ready-to-Open-New-Treatment-Facility.html

There are a few key thoughts that I think are important for all to understand from this PR.

1st ** Leonite converted over $1.4 million of defaulted debt into preferred shares. Who does this unless you know that something huge is truly coming larger than the acquisition news just released. This leads me to think that this is why Leonite stated earlier that they are going to purchase up to 20% of the OS at $.10 per share as indicated within the post below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156326930

2nd ** GRST obtained new financing to close the acquisition of 51% Controlling Interest of American Treatment Holdings Ltd. The wholly owned subsidiary of American Treatment Holdings Ltd. is Evernia Health Center LLC (“Evernia”), which holds the lease on 950 Evernia Street, West Palm Beach, Florida. Evernia expects to receive its license to operate a full continuum of care at this location in the coming days.

This is important because having acquired a 51% Controlling Interest allows for GRST to book 100% revenues and profits of the acquired company within the GRST financials. So in essence, American Treatment Holdings Ltd. will exist under GRST as if 100% has been acquired. So again, administratively, GRST is now able to capture and book 100% of all of the revenues and profits generated by American Treatment Holdings Ltd..

Previously PR-ed regarding the acquisition of American Treatment Holdings Ltd.:

https://www.otcmarkets.com/stock/GRST/news/Ethema-to-Focus-on-Acquisitions-for-Growth-Strategy?id=250132
The acquisition target will have approximately $20 million in revenue for 2019 and an EBITDA of $3.6 Million:

https://www.otcmarkets.com/stock/GRST/news/story?e&id=1623620
...The new facility will be licensed for all levels of care. There is capacity for 60 beds on the property.

The video below indicated that the goal is for GRST to grow to have 1,000 beds valued at $1,000,000 per bed:
https://americanbusinesstelevisionnetwork.vhx.tv/stocks-fast-movers/videos/ethema-health-corporation-otcqb-grst
(A low side would be $350,000 Per Bed.)

High Side = 1,000 Beds x $1,000,000 Per Bed = $1,000,000,000 Revenues

Low Side = 1,000 Beds x $350,000 = $350,000,000 Revenues

https://everniastation.com/




https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156334633

More GRST Acquisition Confirmation per CO SOS...

The address change on June 15, 2020 per the GRST corporate address update within the Colorado Secretary of State (CO SOS) shows that the new address completely matches the address indicated and listed for the Royal Life Centers at 1590 South Congress Ave, West Palm Beach, Florida 33406 indicated per the National Association of Addiction Treatment Providers website:

(Follow the flow of links/pictures below.)

https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=19931034540&fileId=20201515567

https://www.naatp.org/resources/addiction-industry-directory/20592/royal-life-centers

Royal Life Centers Washington St. & Arizona Locations:

https://royallifecenters.com/


https://royallifecenters.com/locations/


https://royallifecenters.com/


https://royallifecenters.com/portfolio-item/gallery/

v/r
Sterling

25% ownership of Covid Clear:
https://www.otcmarkets.com/stock/GRST/news/story?e&id=1675202

Covid Clear is CDC recognized, FDA recognized, FSIS recognized, USDA Approved, EPA Exempt as Inert, NOP Approved 2016, and more:

https://becovidclear.com/




https://www.epa.gov/pesticide-registration/list-n-disinfectants-use-against-sars-cov-2-covid-19




https://www.youtube.com/watch?time_continue=85&v=SCt1gJvzqkQ&feature=emb_logo

v/r
Sterling