Ethema Health Corp (GRST)

[Bubae]

The CEO was very positive in December 2019 when he announced a huge acquisition target that never came to be. Then less than a month later they shut down their only treatment center in January 2020. During this blissful period of the first 8 weeks of 2020 they dumped 1.3 billion new shares taking the price to .0001 where it remained for 4 months. Before all that in October 2019 they handed over the deed to the Delray Beach property for Leonite debt.

December 2021 "...I am very pleased that we have a clear direction forward..."

said Shawn Leon, CEO of the Company.

11. Short-term Convertible Notes (continued)

Leonite Capital, LLC (continued)

On October 10, 2019, the Company transferred a warranty deed to the real property located at 810 Andrews Avenue, Delray Beach, Florida to Leonite Capital, LLC, in settlement of indebtedness of $1,398,514 and additional expenses related to the disposal of the property of $36,470. These expenses of $36,470 were provided for resulting in net proceeds recognized on the transfer of the property of $1,362,044.



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

“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.


Ethema Working on Acquisition Financing and Debt Reduction for 1st Quarter
January 16, 2020 15:31 ET | Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2020/01/16/1971711/0/en/Ethema-Working-on-Acquisition-Financing-and-Debt-Reduction-for-1st-Quarter.html

...The termination of the operation in West Palm Beach will dramatically reduce the negative cash flow of the Company and allow it to focus on cleaning up the debt on the balance sheet as it works towards completing the acquisition...


12. Stockholders' deficit

a) Common shares
Between January 6, 2020 and February 27, 2020, the Company issued 1,316,679,078 shares of common stock in terms of conversion notices received from convertible note holders. The shares issued were issued below par based on the market price of the stock on the date of conversion and were valued at $531,005.