Ethema Health Corp (GRST)

[Bubae]

Let me run something else by you. That deal looks pretty convoluted and a bit detached from reality. This is a purchase and sale agreement which requires a closing and no time frame was mentioned for closing. In the history of this company not many deals made it to closing. The current treatment center ownership of 75% didn't close for a year and a half after its letter of intent. They have a long history of many deals that never were completed. I do not place one ounce of trust in their press release statements until I see it in a filing. Press releases are less for information and more for promotion.

Ethema Health Press Release History, 5 pages going back to 2018
https://www.globenewswire.com/en/search/organization/Ethema%2520Health%2520Corporation


Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html

First, 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,

Second, as a result of the sale leaseback transaction, the Company will have the resources to pay off all of the outstanding senior lender debt at the closing of the transaction.