ARIA treatment facility; Covid Clear; the Rise of Ethema Health Corp (OTCMKTS: GRST)
Ethema Health Corp (OTCMKTS: GRST) has been on the rise in recent months off its triple zero lows back in June recently hitting highs near a penny. The stock is a favorite of penny stock speculators and a volume leader in small caps and continues to be under heavy accumulation. GRST management has been busy behind the scenes, paying off its convertible debt and recently filing a 10Q and a 10K. The Company’s lender; Leonite has the option to buy 20% of the Outstanding Shares (OS) at .10 per share as Ethema Health Corporation.
There is a lot to get excited about on GRST as the Company was recently issued a license from Florida’s Department of Children and Family Services to operate addiction treatment services at its location at 950 Evernia Street, West Palm Beach. The license includes detox, residential, partial hospitalization, intensive out-patient and out-patient services which allows Evernia to offer a full continuum of care at its location. GRST is acquiring 25% of covid clear for $250,000.00 as per the original LOI which has been extended. Covid Clear has doubled its revenue every month in the last 4 months including revenue expected to exceed $100,000 for the month of August. It has been awarded a large contract for the treatment of public spaces for the Florida locations of a national company. Covid Clear expects that this contract will generate over one million dollars in revenue in 2020. The Company will be a customer of Covid Clear to ensure that the new facility will have the additional levels of safety required to protect its clients and staff from Covid-19.
Ethema Health Corp (OTCMKTS: GRST) together with its subsidiaries, operates in the behavioral healthcare space specifically in the treatment of substance use disorders. With a seasoned management team, Ethema strives to develop world-class “centers of excellence” in addiction treatment for adults. The Company currently operates in West Palm Beach, Florida. GRST subsidiaries include Addiction Recovery Institute of America(ARIA) and they are in the process of acquiring covid clear.
Addiction Recovery Institute of America (ARIA), is Ethema Health’s 174-bed addiction treatment facility located in West Palm Beach, Florida. The Property is large but unique, in that it has four separate self-contained treatment buildings with overnight beds, creating four separate smaller treatment centers in one location. This offers the Company tremendous flexibility with programming specialties in different buildings.
Shawn Leon is President of Ethema Health Corporation, a publicly listed company and its wholly owned subsidiaries. He has performed these duties since 2010. Prior to these current positions, Mr. Leon has had twenty-five years of experience in managing public and private development stage companies. With experience in various industries including Industrial Minerals, Aggregates, Oil and Gas, Mining, Financial, Technology, Hospitality and Medical. Mr. Leon is related to the noble and impressive billionaire Leon family from Canada.
GRST has been busy! the Company has completed its debt restructuring with Leonite Capital LLC including the completion of the additional new financing that was a condition of the restructuring. The Company has amended the terms of its debt with Leonite to convert over $1.4 million of defaulted debt into CDN$960,000 (approximately US$700,000) of 10% convertible preferred shares in its wholly owned subsidiary Cranberry Cove Holdings Ltd., and $400,000 in 6% convertible preferred shares in the Company. The Company has also eliminated most convertible notes; both Power Up Lending Group Ltd. and First Fire Global Opportunities Fund LLC have been paid out as per the terms of their amendments and the notes with Labrys Fund LP and Auctus Fund LLC have repayment terms starting in October. New financing of $300,000 was required as part of the restructuring including the previously announced completion of $220,000 in financing from Leonite Capital and the closing on August 14, 2020 of $100,000 in new financing from Auctus Fund LLC.
With the restructuring complete and the impending opening of the new treatment center location, the Company expects to work further on the previously announced acquisition opportunities. The targets have all done extremely well, especially Biohazard Health Services Ltd. (“Covid Clear”). The Company plans to purchase 25% of this company for $250,000.00 as per the original LOI which has been extended. Covid Clear has doubled its revenue every month in the last 4 months including revenue expected to exceed $100,000 for the month of August. It has been awarded a large contract for the treatment of public spaces for the Florida locations of a national company. Covid Clear expects that this contract will generate over one million dollars in revenue in 2020. The Company will be a customer of Covid Clear to ensure that the new facility will have the additional levels of safety required to protect its clients and staff from Covid-19.
On September 30 GRST announced its majority owned subsidiary Evernia Health Center LLC (“Evernia”) has been issued a license from Florida’s Department of Children and Family Services to operate addiction treatment services at its location at 950 Evernia Street, West Palm Beach. The license includes detox, residential, partial hospitalization, intensive out-patient and out-patient services which allows Evernia to offer a full continuum of care at its location. Evernia will be doing business as Addiction Recovery Institute of America (ARIA) and has licensed this name from another Ethema subsidiary, Addiction Recovery Institute of America LLC.
On September 30 GRST announced its majority owned subsidiary Evernia Health Center LLC (“Evernia”) has been issued a license from Florida’s Department of Children and Family Services to operate addiction treatment services at its location at 950 Evernia Street, West Palm Beach. The license includes detox, residential, partial hospitalization, intensive out-patient and out-patient services which allows Evernia to offer a full continuum of care at its location. Evernia will be doing business as Addiction Recovery Institute of America (ARIA) and has licensed this name from another Ethema subsidiary, Addiction Recovery Institute of America LLC.
The Company has received an offer to finance its acquisition of a minority interest in Biohazard Health Services Ltd. (“Covid clear”) which is conditional on being current in filings which GRST has met and further due diligence on the acquisition. The ARIA treatment facility will be certified by Covid Clear for cleanliness and the ongoing treatment of all of the air and surfaces in the facilities at 950 Evernia Street will ensure the safety and protection of clients and staff at the facility from potential exposure to viruses.
For more on GRST Subscribe Right Now!
Currently on a fast rise GRST is an exciting story developing in small caps; GRST management has been busy behind the scenes, payng off its convertible debt and recently filing a 10Q and a 10K. The Company’s lender; Leonite has the option to buy 20% of the Outstanding Shares (OS) at .10 per share as Ethema Health Corporation. GRST was recently issued a license from Florida’s Department of Children and Family Services to operate addiction treatment services at its location at 950 Evernia Street, West Palm Beach. GRST is acquiring 25% of covid cler for $250,000.00 as per the original LOI which has been extended. Covid Clear has doubled its revenue every month in the last 4 months including revenue expected to exceed $100,000 for the month of August. It has been awarded a large contract for the treatment of public spaces for the Florida locations of a national company. Covid Clear expects that this contract will generate over one million dollars in revenue in 2020. The Company will be a customer of Covid Clear to ensure that the new facility will have the additional levels of safety required to protect its clients and staff from Covid-19. GRST CEO Sean Leon owns 80,417,584 shares some of which were acquired at .079 per share per share. Current OS is 1,841,090,247 with AS capped at 10 billion. We will be updating on GRST when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GRST.
Disclosure: we hold no position in GRST either long or short and we have not been compensated for this article.
https://microcapdaily.com/aria-treatment-faci...st/128437/
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Ethema Health Corp (OTCMKTS: GRST) has been on the rise in recent months off its triple zero lows back in June recently hitting highs near a penny. The stock is a favorite of penny stock speculators and a volume leader in small caps and continues to be under heavy accumulation. GRST management has been busy behind the scenes, paying off its convertible debt and recently filing a 10Q and a 10K. The Company’s lender; Leonite has the option to buy 20% of the Outstanding Shares (OS) at .10 per share as Ethema Health Corporation.
There is a lot to get excited about on GRST as the Company was recently issued a license from Florida’s Department of Children and Family Services to operate addiction treatment services at its location at 950 Evernia Street, West Palm Beach. The license includes detox, residential, partial hospitalization, intensive out-patient and out-patient services which allows Evernia to offer a full continuum of care at its location. GRST is acquiring 25% of covid clear for $250,000.00 as per the original LOI which has been extended. Covid Clear has doubled its revenue every month in the last 4 months including revenue expected to exceed $100,000 for the month of August. It has been awarded a large contract for the treatment of public spaces for the Florida locations of a national company. Covid Clear expects that this contract will generate over one million dollars in revenue in 2020. The Company will be a customer of Covid Clear to ensure that the new facility will have the additional levels of safety required to protect its clients and staff from Covid-19.
Ethema Health Corp (OTCMKTS: GRST) together with its subsidiaries, operates in the behavioral healthcare space specifically in the treatment of substance use disorders. With a seasoned management team, Ethema strives to develop world-class “centers of excellence” in addiction treatment for adults. The Company currently operates in West Palm Beach, Florida. GRST subsidiaries include Addiction Recovery Institute of America(ARIA) and they are in the process of acquiring covid clear.
Addiction Recovery Institute of America (ARIA), is Ethema Health’s 174-bed addiction treatment facility located in West Palm Beach, Florida. The Property is large but unique, in that it has four separate self-contained treatment buildings with overnight beds, creating four separate smaller treatment centers in one location. This offers the Company tremendous flexibility with programming specialties in different buildings.
Shawn Leon is President of Ethema Health Corporation, a publicly listed company and its wholly owned subsidiaries. He has performed these duties since 2010. Prior to these current positions, Mr. Leon has had twenty-five years of experience in managing public and private development stage companies. With experience in various industries including Industrial Minerals, Aggregates, Oil and Gas, Mining, Financial, Technology, Hospitality and Medical. Mr. Leon is related to the noble and impressive billionaire Leon family from Canada.
GRST has been busy! the Company has completed its debt restructuring with Leonite Capital LLC including the completion of the additional new financing that was a condition of the restructuring. The Company has amended the terms of its debt with Leonite to convert over $1.4 million of defaulted debt into CDN$960,000 (approximately US$700,000) of 10% convertible preferred shares in its wholly owned subsidiary Cranberry Cove Holdings Ltd., and $400,000 in 6% convertible preferred shares in the Company. The Company has also eliminated most convertible notes; both Power Up Lending Group Ltd. and First Fire Global Opportunities Fund LLC have been paid out as per the terms of their amendments and the notes with Labrys Fund LP and Auctus Fund LLC have repayment terms starting in October. New financing of $300,000 was required as part of the restructuring including the previously announced completion of $220,000 in financing from Leonite Capital and the closing on August 14, 2020 of $100,000 in new financing from Auctus Fund LLC.
With the restructuring complete and the impending opening of the new treatment center location, the Company expects to work further on the previously announced acquisition opportunities. The targets have all done extremely well, especially Biohazard Health Services Ltd. (“Covid Clear”). The Company plans to purchase 25% of this company for $250,000.00 as per the original LOI which has been extended. Covid Clear has doubled its revenue every month in the last 4 months including revenue expected to exceed $100,000 for the month of August. It has been awarded a large contract for the treatment of public spaces for the Florida locations of a national company. Covid Clear expects that this contract will generate over one million dollars in revenue in 2020. The Company will be a customer of Covid Clear to ensure that the new facility will have the additional levels of safety required to protect its clients and staff from Covid-19.
On September 30 GRST announced its majority owned subsidiary Evernia Health Center LLC (“Evernia”) has been issued a license from Florida’s Department of Children and Family Services to operate addiction treatment services at its location at 950 Evernia Street, West Palm Beach. The license includes detox, residential, partial hospitalization, intensive out-patient and out-patient services which allows Evernia to offer a full continuum of care at its location. Evernia will be doing business as Addiction Recovery Institute of America (ARIA) and has licensed this name from another Ethema subsidiary, Addiction Recovery Institute of America LLC.
On September 30 GRST announced its majority owned subsidiary Evernia Health Center LLC (“Evernia”) has been issued a license from Florida’s Department of Children and Family Services to operate addiction treatment services at its location at 950 Evernia Street, West Palm Beach. The license includes detox, residential, partial hospitalization, intensive out-patient and out-patient services which allows Evernia to offer a full continuum of care at its location. Evernia will be doing business as Addiction Recovery Institute of America (ARIA) and has licensed this name from another Ethema subsidiary, Addiction Recovery Institute of America LLC.
The Company has received an offer to finance its acquisition of a minority interest in Biohazard Health Services Ltd. (“Covid clear”) which is conditional on being current in filings which GRST has met and further due diligence on the acquisition. The ARIA treatment facility will be certified by Covid Clear for cleanliness and the ongoing treatment of all of the air and surfaces in the facilities at 950 Evernia Street will ensure the safety and protection of clients and staff at the facility from potential exposure to viruses.
For more on GRST Subscribe Right Now!
Currently on a fast rise GRST is an exciting story developing in small caps; GRST management has been busy behind the scenes, payng off its convertible debt and recently filing a 10Q and a 10K. The Company’s lender; Leonite has the option to buy 20% of the Outstanding Shares (OS) at .10 per share as Ethema Health Corporation. GRST was recently issued a license from Florida’s Department of Children and Family Services to operate addiction treatment services at its location at 950 Evernia Street, West Palm Beach. GRST is acquiring 25% of covid cler for $250,000.00 as per the original LOI which has been extended. Covid Clear has doubled its revenue every month in the last 4 months including revenue expected to exceed $100,000 for the month of August. It has been awarded a large contract for the treatment of public spaces for the Florida locations of a national company. Covid Clear expects that this contract will generate over one million dollars in revenue in 2020. The Company will be a customer of Covid Clear to ensure that the new facility will have the additional levels of safety required to protect its clients and staff from Covid-19. GRST CEO Sean Leon owns 80,417,584 shares some of which were acquired at .079 per share per share. Current OS is 1,841,090,247 with AS capped at 10 billion. We will be updating on GRST when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GRST.
Disclosure: we hold no position in GRST either long or short and we have not been compensated for this article.
https://microcapdaily.com/aria-treatment-faci...st/128437/
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