Ethema Health Corp (GRST)

[Bubae]

No one is shorting this stock in my opinion. The reason that it is where it is is easily seen in the fundamentals. We know that they defaulted on their debt payment agreements for Q2 and the filing should clarify the extend of those defaults. The punitive conditions agreed to in the Leonite June note are not indicative of a strong company. It is more of an indication that they are being held hostage in my opinion. The 1.5 billion new shares in 2021 got the price where it is and the crushing debt and missed debt payments are what pins it to the mat. The $3.9 million mortgage on the Canadian property was due in July and I doubt a mortgage holder will be as flexible as a toxic lender like Leonite. The lease revenue from this property has been their best performing asset. Leonite holds $700K in series "A" shares in Cranberry Cove which holds the Canadian property.

For the quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/