Ethema Health Corp (GRST)

[Bubae]

Actually this very expensive business model that wouldn't exist without trading losses (donations). Now they propose to buy another with a $3.8 million price tag yet they are unable to service the current debt, much of which is in default. This story is nearly 3 years old now and has duped many traders out of their money. Of the 75% that they claim to own of ARIA (AKA ATHI, AKA Ethema) most is secured by note holders in the form of options.

The huge debt that is the result of two previously closed treatment centers was financed with toxic debt. So "donations" to this company through trading losses just go into the pocket of Leonite who essentially allows this company to operate so that it can bleed it out every quarter.


Ethema Posts Strong 3rd Quarter Results and SEC Qualifies the Regulation A Form 1A Filing
November 29, 2022 08:00 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2022/11/29/2563968/0/en/Ethema-Posts-Strong-3rd-Quarter-Results-and-SEC-Qualifies-the-Regulation-A-Form-1A-Filing.html

....The Company has begun due diligence on a potential acquisition expected to close in late January. Due to confidentiality agreements the Company is prohibited from disclosing the name of the potential target. The targeted acquisition cost is approximately $3.8 million. The Company is also set to close on the acquisition of the property leased by its ARIA subsidiary at the end of January 2023...