Ethema Health Corp (GRST)

[Bubae]

They weren't compelled to release a special press release. They do one with each filing historically. What they were compelled to do was hold this one for several weeks it would seem.

look at each point. They still do not have an agreement to settle the $745K June 2022 note that matured March 1st. They are on their third forbearance extension. They need some sort of agreement because of course they can't pay it. So kick it out for another quarter.

They have been talking about the property purchase since July 2022 and of course the narrative of what we are gong to do one day continues.

The original regulation "A" filing was eight months ago and the narrative each quarter is that they will do t one day. They can't even get to the point where they can convert shares for debt. That is pathetic for an OTC listed company.

Two years of revenue projections every quarter for years has culminated in the numbers below from the last quarterly filing. Hardly impressive and is why their debt festers and accrues at 24% interest.

For the uninitiated, below is the link to their press release history. Just go through them an pay attention to the narrative that simply placates shareholders until the next quarter while little actually happens. Go back over the last couple of years as they talk about earnings and compare the narrative to the actual numbers from last quarter. The company's failing narrative is why they are debt ridden and can't get to the point where they can even sell new shares.

This being said let’s see why our CEO felt he had to issue this NR NOW ???

Ethema Health Globe News Wire Press Release History.
https://www.globenewswire.com/en/search/organization/Ethema%2520Health%2520Corporation?page=1&pageSize=10



For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16673787&guid=W5T-knIzQoJpJth

Revenues

Revenues were $1,300,046 and $1,023,315 for the three months ended March 31, 2023 and 2022, respectively, an increase of $276,731 or 27.0%.

Operating Expenses

Operating expenses were $1,225,020 and $948,375 for the three months ended March 31, 2023 and 2022, respectively, an increase of $328,661 or 34.7%.