Ethema Health Corp (GRST)

[Bubae]

Looked for evidence of a letter of intent for acquisition in the last filing. All that I found was a $50K deposit paid toward the existing facility. It will be a long time before we see the Q2 filing to see what is really going on. Last year it wasn't released until August 15th.



For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=OGT-kpYMRb9mB3h

Liquidity and Capital Resources

Cash used in investing activities was $102,418 and $72,858 for the three months ended March 31, 2023 and 2022, respectively. In the current period we invested in leasehold improvements and furniture and fittings to increase capacity at our Evernia facility, and paid an additional deposit of $50,000.



Ethema Posts Strong Year End Results
April 04, 2023 07:55 ET
| Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/04/04/2640560/0/en/Ethema-Posts-Strong-Year-End-Results.html

The Company has entered into a definitive agreement for the acquisition of the target Company it previously announced it was working on. A deposit has been posted with an escrow agent pending the final due diligence to be completed mid-May with a final closing date set for July 1, 2023. The Company will provide more details when the agreement goes firm after final due diligence. The company is located outside of Florida in the South Eastern United States.