Ethema Health Corp (GRST)

[Bubae]

The company's two previous press releases for January and February were about new financing. Looks like what they got were bridge loans for $1.2 million. Shawn Leon is boasting about a $5 million equity raise but he will be doing good to get a couple of million off that regulation "A" offering. The offering is what he was selling potential investors in January and February. That leaves $525,000 who's disposition we won't know of until we see the quarterly.

We know that they handed $625,000 over to Lawrence Hawkins for this 25% stake in ATHI. The company had a $250,000 note mature on March 15th so that could have been paid. Bottom line is that these are short term bridge loans and we Shawn Leon hasn't revealed the terms for these loans. The only way he pays for this is with the offering in my opinion which will only be viable after the split. That August 9th note has an automatic conversions feature. The split and the qualification for the amended offering should likely be in place before then.



For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359623000912/grst_10q.htm

8. Short-term Convertible Notes (continued)
Joshua Bauman

On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.

9. Subsequent events

On November 15, 2023, the Company, entered into a senior secured Promissory Note in the aggregate principal amount of $250,000 for net proceeds of $223,500 after an original issue discount and fees of $26,500. The note earns interest at 10% per annum and matures on March 15, 2024.


Ethema Acquires 25% Minority Stake in ARIA Subsidiary
https://finance.yahoo.com/news/ethema-acquires-25-minority-stake-134910442.html

The Company presented at a series of three investor conferences beginning in the middle of January and ending in the middle of March and a webinar at the end of March. The plans presented at these events included a plan to raise bridge loan funds to fund both the purchase of the aforementioned minority interest and an additional location in Boca Raton. The Company has raised $1,200,000 in bridge loan funding to date and lined up an additional $300,000 to fund the expansion into the Boca Raton location when that is finalized.