Ethema Health Corp (GRST)

[Bubae]

Once again it is about what they plan to do. A third forbearance date on the Leonite note, of course the real estate purchase is still ongoing. Why purchase property for a treatment center using Ethema Health funds when the treatment center is leveraged against secured debt? And we all know that all the delays for the past year have lead to their inability to sell the regulation offering. Yes folks, look forward to massive dilution with the regulation "A" offering. Another BS press release in my opinion.

Ethema Reports Updates and Extends Forbearance
June 08, 2023 13:50 ET
| Source: Ethema Health Corporation
https://www.globenewswire.com/news-release/2023/06/08/2685133/0/en/Ethema-Reports-Updates-and-Extends-Forbearance.html

The lender has agreed to extend the original forbearance agreement

purchasing the West Palm Beach real estate is also in its final stages

These two initiatives have delayed both the start of the Reg A+ capital raise

...The lender has agreed to extend the original forbearance agreement expiring June 8, 2023, until June 28, 2023 to agree to a plan for repayment of the Leonite debts and convertible loans....


Ethema Extends Dates for Debt Repayment and Real Estate Closing
March 01, 2023 08:00 ET
| Source: Ethema Health Corporation
https://www.globenewswire.com/en/news-release/2023/03/01/2618141/0/en/Ethema-Extends-Dates-for-Debt-Repayment-and-Real-Estate-Closing.html

The Company has also extended the closing on the purchase of the real estate at 950 Evernia Street for a period of 120 days from February 1, 2023 to June 1, 2023. Each successive thirty-day extension will cost the Company an increasing fee amount that would reach a total of $70,000.00 if all extensions are used.

... has signed an extension and forbearance agreement with Leonite Capital Inc. extending the due date for its note due March 1, 2023. The Company will continue to pay interest on the note and it will be due May 8, 2023....