Ethema Health Corp (GRST)

[Bubae]

Looks like the company is back to referring to the treatment center as Addiction Recovery Institute of America, LLC (“ARIA”). The CEO, Shawn Leon bought this subsidiaries from Ethema Health (GRST) December 31 2022 according to the 10K annual filing for zero dollars and not much of an explanation as to why. The last press release referred to the treatment center by its proper name Evernia Health Center. Addiction Recovery Institute of America, LLC (“ARIA”) was the proper name for the treatment center that this company closed in January 2020 after hemorrhaging losses resulting in much of the debt that the company struggles with today.

So if we are calling the treatment center Addiction Recovery Institute of America, LLC (“ARIA”) again, who is on the hook for the slip and fall lawsuit registered damages in excess of $50,0001, against ARIA? Lawsuit filed March 3rd 2023.


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

...The Company further reports that its ARIA subsidiary achieved extremely strong results in April and May...



For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16535244&guid=SdT-kKd1NBcpJth

Corporate Structure
The Company consists of the following entities:

Addiction Recovery Institute of America, LLC (“ARIA”), a US registered company;


ARIA operated a treatment center in Delray Beach, Florida out of premises which it had acquired in February 2017. The treatment center was relocated and was operated out of leased premises in West Palm Beach Florida, which lease was subsequently terminated and all operations ceased under ARIA.

8. Related party transactions
Shawn E. Leon

On December 30, 2022, the Company sold its wholly owned subsidiaries, Greenestone Muskoka and ARIA, to Mr. Leon for gross proceeds of $0. The Company realized a gain on disposal of $628,567 which was recorded as a credit to Additional Paid in Capital due to the related party nature of the transaction.

Search as guest > copy and paste case number >
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx
CASE NUMBER: 50-2023-CA-008318-XXXX-MB
FRANKLIN, ANTHONY V ADDICTION RECOVERY INSTITUTE OF AMERICA
Filing Date 03/23/2023
Case Status Open