Ethema Health Corp (GRST)

[Wake Setter]

The Greenestone Muskoka Treatment Facility is located in Bala, Ontario at 3571 Highway 169. The property is 43 acres in size and contains approximately 48,000 square feet of buildings. The property is owned by Ethema’s wholly owned Canadian subsidiary CCH and has been leased to the new owner of the Muskoka Clinic for a term of five years, which ends on February 28, 2022.

The Lease gives the tenant an option to extend for three additional five (5) year terms, an option to purchase the property at any time for a purchase price of $7,000,000 in the first thirty six (36) months of the term and thereafter at a purchase price increased by $1,500,000 for each successive year up to a maximum of $10,000,000, and a right of first refusal in the event of a sale to a third party.




https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000172186821000524/f2sgrst10q081521.htm

https://www.sec.gov/Archives/edgar/data/0000792935/000172186821000220/f2sgrst10k041221.htm