Ethema Health Corp (GRST): The Edgewater purchase was done at fires...

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Ethema Health Corp (GRST)

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Friday, 09/13/2024 11:49:27 AM

Friday, September 13, 2024 11:49:27 AM

The Edgewater purchase was done at firesale prices due to previous owners legal troubles. Likely a good purchase for Leon so he can do his sale/leaseback of the land on collect millions upfront.

They will likely have to change the name of Edgewater because of the stank of the former owners reputations. Nothing like having an alcohol recovery program and the two owners arrested for drunk driving and charged with other worse stuff.

Figure the authorities will be all over the facility with a fine tooth comb for some time, which is not bad by itself, but will cost new owners some expenses. It will be interesting to see how Leon transforms the facility and how long it takes to restore its reputation within the community.

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Recent GRST News

Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/23/2024 01:21:05 AM
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