Ethema Health Corp (GRST)

[Bubae]

This same story line for more than a year now won't move new shares to support that offering. When do they come up with a new narrative and fix the share structure? I suspect that they will wait until the June Leonite note defaults March 1st and reward them for playing along with the $24% default interest on top of the $150K penalty fee. But it is only shares and those are printed for free.


PRELIMINARY OFFERING CIRCULAR DATED SEPTEMBER 8, 2022,
https://sec.report/Document/0001903596-22-000650/
Summary
...We operate the Addiction Recovery Institute of America, a 41-bed addiction treatment facility located in West Palm Beach, Florida. This facility is a three-story building with unfinished commercial space on the first floor and two floors of mixed commercial and residential space where clients are treated and sleep. The first-floor space is being completed at which time it will allow the center to expand to 52 beds by moving existing treatment space from the 2nd floor to the 1st Floor.


FAQ Page July 27th 2021
https://ethema.wpengine.com/?page_id=683

What can the total bed count be?

The ARIA lease includes approximately 4,000 square feet on the first floor of the building which is currently being built out for staff offices and treatment group rooms. This finished space will allow us to free up space on the second and third floor presently being used for offices and treatment and add 2 more detox beds, and 10 more partial hospitalization beds for a total of 54 beds. This is expected to be completed by September so that these extra beds should reflect in the fourth quarter numbers.


In July the Company reported that it expects to produce $1.8 million in Revenue in the Second half of 2021. What does this mean?

Even though we have 40 beds it is almost impossible to match each client with an available bed at the proper level of care and the gender of that bed availability.