GRST 2021 year to date the Company has replaced or retired almost $900,000 in debt that became due in 2021. Approximately $500,000 of debt was replaced with fixed price convertible notes and approximately $400,000 of debt was retired through conversion to equity. In addition, warrants to purchase approximately 119 million shares were exercised and are no longer outstanding. These are all significant improvements to the Company capital structure as the Company continues its efforts to improve the balance sheet.
Mr. Shawn Leon, the CEO of the Company, stated, “I am very pleased that the Labrys Fund has continued to show faith in the Company and I am very pleased to continue our aggressive pursuit of eliminating debt while building our business. I have heard from many shareholders that they would like to hear from me more frequently and I am going to work on an effective method to accomplish this.”
$GRST
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