Ethema Health Corp (GRST)

[Bubae]

Yes, the CEO always paints a rosy picture even with millions of debt currently in default. The letter of intent article December 2019 for a treatment center acquisition that never panned out. One month later in January 2020 they closed their only treatment center amid heavy losses and dumped 1.3 billion shares over the first 8 weeks of 2020. Trade on what they say in the press releases and lose money as always.

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

....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....

“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.