Ethema Health Corp (GRST)

[Bubae]

Their press releases have always been suspect. You have to parse very word. What they print in the filings is another matter. They have been talking about that first floor build out for nearly 2 years now.

...The third quarter will therefore have an availability of 62 beds for the full quarter...
...The expected addition of an additional 4 beds has been delayed due to the delays in completion of the first-floor commercial office space renovation....

Ethema has added an FAQ section to its website https://t.co/L97AvfEQy0 and has established a forum for frequently asked shareholder questions. $GRST

— Ethema Health (@HealthEthema) July 27, 2021

Ethema Health FAQ Page July 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.


Latest Reg. "A" filing
https://www.otcmarkets.com/filing/html?id=16623154&guid=0Qu-kpw7lR_cwch

Summary

Ethema Health Corporation aims to develop world class centers of excellence in addiction treatment for adults....

...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...