Ethema Health Corp (GRST)

[Bubae]

LOL, let's add up all the things that they are going to pay for with cash flow. They continue to borrow each quarter to make ends meet and the debt grows. They are now securing new debt with future earnings. They aren't going to borrow their way out of this mess and it was very dumb to let it get to this point without corrective action. See that $2600 in operating income for the first six months of the year? The earnings from the Canadian property is much better than the treatment center but the mortgage on that matured in July. Did they get that refinanced? This market is getting worse, not better, in terms of raising capital.

For the quarterly period ended June 30, 2022
https://sec.report/Document/0001903596-22-000529/

b. Mortgage loans

The company has a mortgage loan as disclosed in note 12 above. The mortgage loan matured on July 19, 2022 and the Company currently owes $3,742,455. The terms of the loan are currently being negotiated.