On July 17, 2023: "...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." (sells West Palm Beach property)
On May 17, 2024: "Ethema Health Corporation (OTCPINK: GRST) ("Ethema" "GRST" or the "Company"), is pleased to announce that on May 16, 2024, it closed on a deal to acquire the 25% share (the "Interest") of American Treatment Holdings Inc. ("ATHI") that it did not already own." (buys rest of ATHI)
On June 10, 2024: "Ethema Health Corporation (OTCPINK: GRST) ("Ethema" "GRST" or the "Company"), through its wholly owned subsidiary Evernia Health Center LLC ("ARIA") closed the deal to purchase assets and an assignment of lease at 899 Meadows Avenue (the "Building") in Boca Raton, Florida." (buys Boca Raton property, placed in ATHI, GRST rents)
On July 10, 2024: "The Buyer agrees to convert $1,500,000.00 in principle of an amount outstanding from the Company to the Buyer for advances to the Company over a period of time between 2017 and 2024 and management fees." (Leon takes majority control)
On August 7, 2024: "With the large amount of real estate involved in the Kentucky locations, and given the Company’s various real estate ownership in the past, the Company is now considering setting up a separate Real Estate Fund which would be financed outside of the Company..." (Considering separate real estate company to hold property)
On October 22, 2024: "This Real Property is to be acquired in a separate transaction by a fund, BH Properties Fund, LLC (“BH Properties”) controlled by the CEO of the Company, Shawn Leon, a related party, and will be leased to ARIA Kentucky on an arm's-length basis, at market related rates. Other properties used by ECI which are owned by separate entities owned by the sole member of the Seller will also be acquired by BH Properties in separate transactions." (BH Properties Fund takes over Kentucky Properties, GRST rents)
So Leon comes away with assets and management fees and GRST comes away with liabilities and obligations. I'm sorry, but you gotta respect the scheme here. He buys control with monopoly money he claims he was owed, keeps the real assets, gets management fees, and uses GRST to be a guaranteed renter. As I've said before, this is not a treatment company, it's a real-estate company. If pual and declaes and their crew love Shawn Leon, then they should email him and ask to be a part of ATHI or BH Properties.
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