![](https://investorshub.advfn.com/uicon/197624.png?cb=1647247117)
Thursday, October 05, 2023 4:49:10 AM
September 26, 2023
Dear Shareholder,
As a shareholder of Ethema Health Corporation (GRST-OTC) (“Ethema” or the “Company”)
I wanted to update you on all the exciting news about various Company developments and to encourage you to keep up with future developments by registering for our regular email updates and news. You can scan the QR code below or go to ethemahealth.com to sign up. The Company has been primarily focused on running addiction treatment centers for the last 14 years. Ethema is proud of our core mission which centers on delivering compassionate, evidence-based addiction treatment. We operate under stringent ethical standards and maintain a robust admission process driven by patients' individual needs and clinical necessities. We remain steadfast in our commitment to serve those battling addiction. After a very successful sale of our Canadian treatment center in 2017, the Company focused its future growth on treatment centers in Florida. The Company purchased a treatment center property in Delray Beach, Florida and then sold that and moved to West Palm Beach, Florida. The Company suffered a very severe setback in late 2019 and early 2020, with the loss of our property at 5410 East Avenue in West Plam Beach, Florida. This resulted in substantial and costly debt. Ethema has been slowly recovering and rebuilding since that time. Ethema partnered with another minority owner to establish a new addiction treatment center at 950 Evernia Street in West Palm Beach in 2020 (“ARIA”). With a lot of hard work and further investment dollars, ARIA is now successfully operating a 62-bed treatment center in downtown West Palm Beach. In our quarterly report filed with the SEC on August 21, 2023 we reported quarterly EBITDA for the ARIA operation of $503,000. This is a phenomenal performance for a company with a market cap below two million dollars. We also recently reported on a real estate transaction for the ARIA property that closed on August 4th, 2023 where Ethema was able to sell and lease back the property on a long term lease with renewal options that gives the Company control of the property for the next 40 years. There was a profit generated on the transaction which was substantially used to paydown debt. Approximately $2,650,000 of Company Debt was repaid. A major portion of the debt repayment went to the Company’s Senior lender and as part of a global restructuring, the Senior lender agreed to purchase the Company’s Canadian real estate subsidiary. The Company had retained ownership of the property ever since selling its former treatment center operation at this location. The sale of the subsidiary resulted in the elimination of another approximately $4,900,000 in debt. Since the subsidiary was carried at historical values it resulted in an approximate $2,500,000 addition to the paid-in-capital account. The Company is also about to embark on a capital raising campaign which will attempt to raise $5,000,000 in new equity. The Company will deploy this capital to expand or acquire new addiction treatment center properties. As such we expect to see substantial growth over the coming years. We hope you will continue to be a shareholder in the Company and see your Company flourish in the years ahead.
Please sign up by using the QR code below or visiting the Company website address listed below. Sincerely,
Shawn Leon , CEO
950 Evernia Street
West Plam Beach Florida, 33401
http://www.ethemahealth.com
investors@ethemahealth.com
561 913 3440
Do your own researches (DD), people here give credit to a stock just because they want to sell it....
The unique thing I can teach you is: BUY LOW, SELL HIGH!
Recent GRST News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 08:46:15 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 07:23:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/29/2024 05:40:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/29/2024 05:39:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/12/2024 09:25:38 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 06/11/2024 06:20:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 02:47:46 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/31/2024 08:27:28 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/07/2024 08:16:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:45:09 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 12/22/2023 09:04:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:55:26 PM
- Form 1-A POS - • Edgar (US Regulatory) • 10/20/2023 07:29:40 PM
FEATURED Element79 Gold Corp Appoints Warren Levy to Board of Directors • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM