Ethema Health Corp (GRST)

[Bubae]

Lawrence Hawking has revealed himself to be quite the clever character. When you search his name and his many health business enterprises using the Palm Beach county circuit court website you will be hard presses to find a period since 2009 where he wasn't involved in some sort of court related action.

It would appear that Lawrence (Larry) Hawkins operated a series of sober homes during the period leading up to 2019 when he ran into a series of problems. In May of 2019 the lawsuit against Peace of Mind Counseling Services was filed alleging that money was owed for violations of the many condo lease agreements that apparently included up keep. (Case Number 50-2019-CA-006523-XXXX-MB) That suit would result in a more than $1.3 million Judgement in July 2020.
Then in July 2019 came the death at the Evernia Station resulting in the recent mediated settlement against Peace of Mind Counseling Services.

So Lawrence Hawkins is running a series of these troubled sober home facilities and manages to find a partner in a publicly traded company who is equally desperate at the time in my opinion. At the beginning of 2019 we see the Evernia sober home facility registered as Evernia Health Center though it is referred to as a sober living facility in an article about the death in July 2019. By February 2020 Ethema Health signed a letter of intent is funding this operation by June 2020.

Hawkins manages to turn his situation around by unloading 75% of the two troubled subsidiaries Evernia Health Services, LLC and Peace of Mind Counseling Services on Ethema Health (GRST). He retains 25% who's value increases as Ethema shareholders fund the growth with their losses. He also has been earning $30K per quarter in management fees. It looks like Ethema Health (GRST) role in this treatment center is to assume the liabilities to the benefit of the real owners who are Lawrence Hawkins and the secured note holders.




Pam Beach Circuit Court Website
https://appsgp.mypalmbeachclerk.com/eCaseView/landingpage.aspx


For the quarterly period ended March 31, 2020
https://www.otcmarkets.com/filing/html?id=14411621&guid=oom-kaXVQJDWJth

On June 30, 2020, the Company entered into a loan agreement with Evernia...

... less ordinary business expenses and management fees paid to Ethema and Hawkins, which management fee is a maximum of $20,000 per month. The instalments commence on the earlier of; (i) December 31, 2020 and; (ii) the date that Evernia accumulates cash reserves of $200,000....