Ethema Health Corp (GRST)

[Bubae]

They have a long history of many flowery letters of intent. Not a single one from the press releases ever came to anything. Best one is December 2019 for a company with approximately $20 million in revenue for 2019 and an EBITDA of $3.6 Million. They then went on to dump 1.3 billion new shares the first 8 weeks of 2020. Todays press release is pretty lame considering that they need to support a offering at more than twice the current price. They must split this before they can do anything with the offering in my opinion.

Ethema Health Press Release History
https://www.globenewswire.com/en/search/organization/Ethema%2520Health%2520Corporation?page=4&pageSize=10


Ethema to Focus on Acquisitions for Growth Strategy
December 24, 2019 10:01 ET | Source: Ethema Health Corporation

...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...

...“I am very pleased that we have a clear direction forward and a plan to stabilize the earnings, restructure the balance sheet and provide significant growth opportunity for the Company. We have worked hard and invested a lot into the development of the business in Florida but it is now time to make these changes. It is what is best for the Company and what will allow us to continue doing good work in the future,” said Shawn Leon, CEO of the Company...