Ethema Health Corp. Reports Asset Acquisition and Financial Obligations

Ticker: GRST · Form: 8-K · Filed: Jun 18, 2024 · CIK: 792935

Ethema Health CORP 8-K Filing Summary
FieldDetail
CompanyEthema Health CORP (GRST)
Form Type8-K
Filed DateJun 18, 2024
Risk Levelmedium
Pages1
Reading Time2 min
Key Dollar Amounts$240,000.00, $83,392.79
Sentimentneutral

Sentiment: neutral

Topics: acquisition, debt, financial-obligation

TL;DR

Ethema Health Corp. just closed a deal and took on new debt. Watch their financials.

AI Summary

On June 12, 2024, ETHEMA HEALTH Corp. (formerly GREENESTONE HEALTHCARE CORP and NOVA NATURAL RESOURCES CORP) reported the completion of an acquisition or disposition of assets. The company, incorporated in Colorado, also noted the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. The filing includes financial statements and exhibits related to these events.

Why It Matters

This filing indicates significant corporate activity for Ethema Health Corp., potentially impacting its financial structure and future operations through asset changes and new financial commitments.

Risk Assessment

Risk Level: medium — The filing indicates the creation of financial obligations, which could introduce financial risk if not managed effectively.

Key Players & Entities

FAQ

What specific assets were acquired or disposed of by ETHEMA HEALTH Corp. on June 12, 2024?

The filing does not specify the exact assets acquired or disposed of, only that the 'Completion of Acquisition or Disposition of Assets' is an item of information.

What is the nature of the financial obligation created by ETHEMA HEALTH Corp.?

The filing states the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not provide specific details on the type or amount of the obligation.

When did ETHEMA HEALTH Corp. change its name from GREENESTONE HEALTHCARE CORP?

The date of name change from GREENESTONE HEALTHCARE CORP was August 15, 2012.

What is the IRS Employer Identification Number for ETHEMA HEALTH Corp.?

The IRS Employer Identification Number for ETHEMA HEALTH Corp. is 84-1227328.

What is the business address of ETHEMA HEALTH Corp.?

The business address of ETHEMA HEALTH Corp. is 950 EVERNIA STREET, WEST PALM BEACH, FL 33401.

Filing Stats: 447 words · 2 min read · ~1 pages · Grade level 9.7 · Accepted 2024-06-17 18:24:28

Key Financial Figures

Filing Documents

01. COMLETION OF ACQUISITION

ITEM 2.01. COMLETION OF ACQUISITION OR DISPOSITION OF ASSETS. On June 12, 2024, Ethema Health Corp. ("Ethema" or the "Company") has closed on the agreement to purchase the assets used in the operation of an addiction treatment center at 899 Meadows Avenue in Boca Raton, Florida. The agreement is attached as Exhibit 10.01. The agreement also included an assignment of the lease that was in place at the location. The assets include furniture, equipment, electronic equipment, inventory and supplies, such that the take over of the lease came as a turn-key facility for the operation of an addiction treatment center. The seller was Boca Cove Detox, LLC. The purchase price was $240,000.00.

03. CREATION OF A DIRECT FINANCIAL

ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION. The Company subsidiary Evernia Health Center LLC took on the obligation of the Lease for the location at 899 Meadows Avenue and a copy of the lease, the assignment of the lease and the consent to assignment are attached hereto in Exhibit 10.01. The lease runs to June 30, 2027 with two five year extension options. The Company paid to the Vendor the Lease deposit amount included in the lease in the amount of $83,392.79. The lease is with Prado Meical Park, Inc.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.01 Purchase Agreement, Lease Agreement, Consent to Lease Agreement, Bill of Sale

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 17, 2024 By: /s/ Shawn E. Leon Name: Shawn E. Leon Title: CEO

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