Ethema Health Corp (GRST)

[GRSTMILL]

Shareholder equity expected to improve by $2 million

But GRST low while you can.

Ethema Health Corporation (GRST” is pleased to announce the results of the global restructuring efforts with its senior lender and the property purchase in West Palm Beach ..
Overall, the impact of this transaction will equate to a net reduction in debt of approximately $6.7 million and shareholder equity is expected to improve by $2 million for an overall positive improvement on the balance sheet of $8.7 million.

..the Company is pleased to announce that is has signed a binding purchase and sale agreement to sell and leaseback the property located at 950 Evernia Street, West Palm Beach for $8,500,000 contemporaneously with the purchase of the property for $5,500,000. The Company will simultaneously enter into a twenty-year lease on the Property. The agreement became legally binding on July 13, 2023, and it is expected to conclude on or before August 3, 2023. The three million dollar spread is profit to the Company before expenses.

https://www.newmediawire.com/news/ethema-executes-two-real-estate-transactions-and-major-debt-repayment-7063814