Ethema Health Corp (GRST)

[Bubae]

There is a much better understanding now of the debt, projected revenue and ARIA ownership. Same story different year. The PR from last year is actually better that the latest one. Boasting 40 beds with 10 in the works this year and had 174 last year at a different West Palm Beaach location. The debt that was restructured last year and has now come due. This ticker looked a LOT better last year and it was still only trading in the mid .002s December 1st 2020 with half as many shares outstanding. Check out the two articles from the same publication one year apart. Look at the 2019 PR and realize how long they have been milking this story.

November 2020
ARIA treatment facility; Covid Clear; the Rise of Ethema Health Corp (OTCMKTS: GRST)
https://microcapdaily.com/aria-treatment-facility-covid-clear-the-rise-of-ethema-health-corp-otcmkts-grst/

September 2021
Ethema Health Corp (OTCMKTS: GRST) Powerful Runner as ARIA Treatment Center Secures New Licenses & Expansion of ARIA Property
https://microcapdaily.com/ethema-health-corp-otcmkts-grst-powerful-runner-as-aria-treatment-center-secures-new-licenses-expansion-of-aria-property/

Ethema to Focus on Acquisitions for Growth Strategy
December 24, 2019 10:01 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2019/12/24/1964449/0/en/Ethema-to-Focus-on-Acquisitions-for-Growth-Strategy.html



Ethema Health Corporation (OTCQB: GRST) (“Ethema” “GRST” or the “Company”), a provider of healthcare services, has announced that it has signed a non-binding Letter of Intent to acquire a majority interest in an addiction treatment company. The acquisition target will have approximately $20 million in revenue for 2019 and an EBITDA of $3.6 Million.

“This is a company and owner that we are familiar with and first attempted to acquire in 2014. They are well run and have the infrastructure in place that can support growth.

“Market conditions in Florida have made it very difficult to operate profitably due to very costly marketing to attract clients and very aggressive behavior from insurance companies towards Florida based providers. The Company has not generated the client levels necessary to fill the current location and must make changes to reduce its operating costs.”