Ethema Health Corp (GRST)

[Bubae]

They need another glowing letter of intent like the one in December 2019 just before they dumped 1.3 billion shares in less than 8 weeks to finish this off before the split in my opinion. They could raise another $200K or so of badly needed cash. That letter of intent came just before closing the last treatment center and was never to be.



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. 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.


For the quarterly period ended March 31, 2020
https://sec.report/Document/0001721868-20-000426/

12. Stockholders' deficit
a) Common shares
Authorized, issued and outstanding

Between January 6, 2020 and February 27, 2020, the Company issued 1,316,679,078 shares of common stock in terms of conversion notices received from convertible note holders. The shares issued were issued below par based on the market price of the stock on the date of conversion and were valued at $531,005.