Ethema Health Corp (GRST)

[Bubae]

It traded briefly above a penny when the OTC in general had lost their collective minds and bought everything at the time. This is also the period when speculation about the potential here was running high. Now the real numbers are in and the debt is due. The Labrys note payment agreement of December 29th 2021 for 596K was exchanged for the much higher Leonite $745K June note now nearly a year later. They now have over $4 million in other debt in default as of Q2. The plan to pay with the offering, which is not viable with this story and share structure.


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

Leonite Fund I, LP

Effective June 1, 2022, The Company entered into a Note Exchange Agreement whereby the convertible promissory notes entered into with Labrys Fund LP on May 7, 2021, with. A principal outstanding of $341,000, and on June 2, 2021 with a principal outstanding of $230,000 and accrued interest thereon of $25,300, were exchanged for a new Senior Secured Convertible Promissory note in the principal amount of $745,375, including an OID of $149,075. The Note matures on March 1, 2023, and bears interest at the minimum of 10% per annum or the Wall Street Journal quoted prime rate plus 5.75%.

The convertible note is secured by all of the assets of Ethema Health Corporation and Addiction Recovery Institute of America, LLC.