Ethema Health Corp (GRST)

[Bubae]

It looks to me like the architect of this start-up and current manager of this business model is Lawrence Hawkins who also retains 25% ownership of the Evernia treatment center. The business appears to be entirely funded through Ethema Health (GRST) with the shares of the holding company American Treatment Holdings Inc. (ATHI) primarily owned by Hawkins and the options holders for secured start-up debt. The remaining ownership of the ATHI that can be claimed by GRST is now pledged against the Leonite June 2021 note that we know will not be paid as told in previous press releases.

Behavioral Health Holdings, Inc (BHHI) owned by Lawrence Hawkins was listed as inactive in January 2019. American Treatment Holdings Inc. (ATHI) is listed as incorporated in January 2019. In August 2019 he filed for a name change from Behavioral Health Holdings, Inc (BHHI) to American Treatment Holdings Inc. (ATHI). Yet in the Q2 2020 filing for Ethema Health (GRST) we see two deals. One with BHHI and one with ATHI with the same June 30, 2020 date and the same percentage (51%) of acquisition. BHHI ceased to operate by September 2020 per a Admin Dissolution For Annual Report notice in the link below.

Lawrence Hawkins is the current manager of the Evernia treatment center and earns $30,000 a quarter per the management fee line item in the filings. Q Global Trust listed as the seller in the filings is Lawrence Hawkins one and the same. By January 2020 when Ethema Health (GRST) closed its second treatment center they were deep in debt with few optins. What they needed most from the current treatment center was a story and business structure from which to convert debt for equity. I look for a similar deal after liquidating assets for debt where the business is largely held by real investors funded by share sales of GRST.


https://bisprofiles.com/fl/behavioral-health-holdings-p19000008251

BEHAVIORAL HEALTH HOLDINGS, INC. is an Inactive company incorporated on January 23, 2019 ...

Officers and Directors - Lawrence Hawkins

Events
September 25, 2020 ADMIN DISSOLUTION FOR ANNUAL REPORT


https://opencorporates.com/companies/us_fl/L19000024560
Incorporation Date - 23 January 2019 (about 4 years ago)
EVERNIA HEALTH CENTER, LLC
Agent Name - AMERICAN TREATMENT HOLDINGS INC
Agent Address - 950 EVERNIA STREET, WEST PALM BEACH, FL 33401
Directors / Officers - Lawrence Hawkins


BEHAVIORAL HEALTH HOLDINGS, INC (BHHI) Name Change to AMERICAN TREATMENT HOLDINGS INC (ATHI) August 8th 2019.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2019%5C0911%5C33356023.Tif&documentNumber=L19000024560

Larry Hawkins - AKA Lawrence Hawkins
https://www.linkedin.com/in/lawrencebhawkins/
About
CEO / PRESIDENT / PHD / MBA / EFFICIENCY EXPERT / FINANCIAL SPECIALIST
Strategy | Revenue & Profit Growth | Emerging Ventures | Mergers and Acquisitions | Change Management
Strategic, results oriented executive with 12 years of C-level experience in diversified industries and a track record of creating increased profitability, reducing costs while delivering significant growth for small and large companies facing difficult economic, competitive, and financial challenges.


For the quarterly period ended June 30, 2020
https://www.otcmarkets.com/filing/html?id=14447979&guid=oom-kaXVQJDWJth

4. Prepaid expenses and other current assets
Prepaid expenses and other current assets includes the following

The company invested funds in Evernia Health Services, LLC (“Evernia”), a newly formed entity which is 100% owned by American Treatment Holdings, Inc. (“ATHI”), a newly formed entity to hold the investment in Evernia.

6. Other investments

On June 30, 2020, the Company entered into an agreement whereby the Company will acquire 51% of American Treatment Holdings, Inc. (“ATHI”) from The Q Global Trust (“Seller”) and Lawrence B Hawkins (“Hawkins”), which in turn owns 100% of Evernia Health Services LLC. (“Evernia”), which operates drug rehabilitation facilities.

On June 30, 2020, the Company entered into an agreement whereby the Company will acquire 51% of Behavioral Health Holdings, Inc. (“BHHI”) from The Q Global Trust (“Seller”) and Lawrence B Hawkins, which in turn owns 100% of Peace of Mind Counseling Services, Inc. (“PMCS”), which operates drug rehabilitation facilities. The consideration for the acquisition is still to be determined.



For the quarterly period ended March 31, 2020
https://www.otcmarkets.com/filing/html?id=14411621&guid=oom-kaXVQJDWJth

On June 30, 2020, the Company entered into a loan agreement with Evernia...

... less ordinary business expenses and management fees paid to Ethema and Hawkins, which management fee is a maximum of $20,000 per month. The instalments commence on the earlier of; (i) December 31, 2020 and; (ii) the date that Evernia accumulates cash reserves of $200,000....