Ethema Health Corp (GRST)

[Bubae]

Very interesting stuff. Lawrence Hawkins has done well taking advantage of the circumstances that Shawn Leon found himself in after closing the second failed treatment center in January 2020. The question I have is does the current business model serve as a successful proof of concept to attract new investors for another effort.

They have a $400K deposit on the property purchase agreement for the treatment center. The deal makes little sense for reasons I won't go into at the moment. We learned that the deposit is refundable and I suspect that they funds are actually seed money for the next venture after wrapping up the debt deals for the current assets. I'm watching for another deal with investors, under a separate share structure like the current one and would expect that Lawrence Hawkins would be a party to it. The difference this time is cautious traders in a tight market and a history here of bilking them out of their money.