Ethema Health Corp (GRST)

[Bubae]

Long Term Will Tell The Story!...LOL


This story has been told ad nauseam for so long. The letter of intent released December 2019 was pretty impressive, but now the numbers are in. Read the press release from November 2020 and compare to that for September 2021 to see how much the ambitions for this company changed. December 2020 they released the extensive debt restructuring 8K. Second half of 2021 that debt started to convert and it continues. The last chapter for these scenarios is typically the reverse split.

December 2020 debt restructuring 8K
https://sec.report/Document/0001721868-20-000600/

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/

$20 million in projected revenue with a $3.6 million EBITDA at the previous west Palm location with 174 beds. Fast forward to the first report for ARIA at the new location with a EBITDA of $47,359 for the quarter.

Ethema to Focus on Acquisitions for Growth Strategy
https://www.globenewswire.com/news-release/2019/12/24/1964449/0/en/Ethema-to-Focus-on-Acquisitions-for-Growth-Strategy.html

West Palm Beach, FL, Dec. 24, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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. Under the terms of the LOI the Company would be required to enter into a binding agreement by February 29, 2020 and be closed by April 30, 2020. The purchase price will be determined during the due diligence process and is subject to agreement by both parties.

Ethema Releases Third Quarter Results
https://www.globenewswire.com/news-release/2021/11/23/2339427/0/en/Ethema-Releases-Third-Quarter-Results.html

"The segmented information for the ARIA treatment center was an EBITDA of $47,359 for the quarter. Revenue is recorded based on the adjusted gross billing for the period. The facility has been averaging a net collection of gross billings at a rate of approximately 13%."