Ethema Health Corp (GRST)

[Wake Setter]

GRST WATCH $$$

Debts paid off
Restructure complete
Rapid revenue incoming

Mental health & Addiction industry - In demand more now than ever


The Company previously reported the restructuring of the debt due to Leonite Capital LLC whereby the bulk of the debt was converted to preferred shares in the Company and one of the Company’s subsidiaries, with the remainder written down to $150,000.

The company received conversion notices to convert the debt to shares and the shares were issued on December 31, 2020 and January 12, 2021 in
full satisfaction of the Remainder Portion of the Leonite debt.


On November 25, 2020, the Company received a conversion notice from Labrys Fund LP.
The conversion is a one-time conversion that fully satisfies that balance of the Note in excess of $255,000.

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The issuance of the full licenses for each level of care were staggered and the full licenses for the final two levels of care were received January 12, 2021.

The scores that ARIA received for the various categories graded, averaged just under 99%, with no individual score under 98%. This granting of the full licenses will allow ARIA to move forward with the pursuit of in-network contracts with various insurers.

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"The Company will be very strategic with any share issuances going forward. Once the Company gets the convertible debt repaid with equity or fixed price debt, it will seek shareholder approval to significantly reduce the authorized shares."

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ARIA finished November and December with out-of-network gross billing of $602,200.00.

Initial billings for a new provider often take several months to get set up with insurers before a provider will start receiving payments.

ARIA received its first payment on January 8, 2021, only 69 days after its first date of service. This is a tremendous result thanks to the great work of ARIA’s contracted third-party billing company.

$$ Many millions in revenue expected soon.


https://www.ariafl.com/

All-in-1 facility.




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