Ethema Health Corp (GRST)

[Bubae]

Of course <<Everything is great.>>, LOL At what point in the history of this company has Shawn Leon not said that everything is great? Below is the press release for a letter of intent dated December 2019 for a company with fantastic numbers. The problem is that it never happened and Ethema Health was essentially broke and nearly out of the treatment center business. But they were able to move 1.3 billion shares the first eight weeks of 2020 on that news and continued narrative. That December press release was followed less than a month later with one announcing the closing of their only treatment center.

GRST - Progress have been Made......Mr. Shawn Leon seem Confident going forward.....The last reply I did receive has been: <<Everything is great.>>.......

Ethema to Focus on Acquisitions for Growth Strategy
December 24, 2019 10:01 ET
https://www.globenewswire.com/en/news-release/2019/12/24/1964449/0/en/Ethema-to-Focus-on-Acquisitions-for-Growth-Strategy.html

Ethema Health Corporation (OTCQB: GRST) (“Ethema” “GRST” or the “Company”), a provider of healthcare services, has announced that it has signed a non-binding Letter of Intent to acquire a majority interest in an addiction treatment company. The acquisition target will have approximately $20 million in revenue for 2019 and an EBITDA of $3.6 Million.

....“I am very pleased that we have a clear direction forward and a plan to stabilize the earnings, restructure the balance sheet and provide significant growth opportunity for the Company...

.... said Shawn Leon, CEO of the Company.


Ethema Working on Acquisition Financing and Debt Reduction for 1st Quarter
January 16, 2020 15:31 ET
https://www.globenewswire.com/en/news-release/2020/01/16/1971711/0/en/Ethema-Working-on-Acquisition-Financing-and-Debt-Reduction-for-1st-Quarter.html

The Company has agreed to vacate its existing West Palm Beach property by January 31, 2020. The Company is continuing to negotiate with a local Florida operation to be able to move its operations but has not yet reached any agreements.

The termination of the operation in West Palm Beach will dramatically reduce the negative cash flow of the Company and allow it to focus on cleaning up the debt on the balance sheet as it works towards completing the acquisition.

Addiction and mental health issues are finally receiving the attention they deserve and we will continue to be leaders in providing the best possible care and treatment in the addiction treatment field,” said Shawn Leon, CEO of the Company.



For the quarterly period ended March 31, 2020
https://www.otcmarkets.com/filing/html?id=14411621&guid=XQD-kpfUcdK-B3h

12. Stockholders' deficit
a) Common shares

Authorized, issued and outstanding

Between January 6, 2020 and February 27, 2020, the Company issued 1,316,679,078 shares of common stock in terms of conversion notices received from convertible note holders. The shares issued were issued below par based on the market price of the stock on the date of conversion and were valued at $531,005.