Ethema Health Corp. Enters Material Definitive Agreement

Ticker: GRST · Form: 8-K · Filed: Oct 29, 2024 · CIK: 792935

Ethema Health CORP 8-K Filing Summary
FieldDetail
CompanyEthema Health CORP (GRST)
Form Type8-K
Filed DateOct 29, 2024
Risk Levelmedium
Pages3
Reading Time4 min
Key Dollar Amounts$250,000
Sentimentneutral

Sentiment: neutral

Topics: material-definitive-agreement, corporate-actions

TL;DR

Ethema Health Corp. just signed a big deal, filing an 8-K on 10/22/24.

AI Summary

ETHEMA HEALTH Corp. entered into a material definitive agreement on October 22, 2024. The company, formerly known as GREENESTONE HEALTHCARE CORP and NOVA NATURAL RESOURCES CORP, is incorporated in Colorado and headquartered in West Palm Beach, Florida.

Why It Matters

This filing indicates a significant new contract or partnership for Ethema Health Corp., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the specifics of which are not detailed in this initial filing.

Key Players & Entities

FAQ

What type of material definitive agreement did ETHEMA HEALTH Corp. enter into?

The filing states ETHEMA HEALTH Corp. entered into a 'Material Definitive Agreement' on October 22, 2024, but the specific nature of the agreement is not detailed in this report.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this filing occurred on October 22, 2024.

What are the principal executive offices of ETHEMA HEALTH Corp.?

The principal executive offices of ETHEMA HEALTH Corp. are located at 950 Evernia Street, West Palm Beach, Florida 33401.

What were ETHEMA HEALTH Corp.'s former company names?

ETHEMA HEALTH Corp. was formerly known as GREENESTONE HEALTHCARE CORP and NOVA NATURAL RESOURCES CORP.

In which state is ETHEMA HEALTH Corp. incorporated?

ETHEMA HEALTH Corp. is incorporated in Colorado.

Filing Stats: 979 words · 4 min read · ~3 pages · Grade level 17.3 · Accepted 2024-10-29 15:59:41

Key Financial Figures

Filing Documents

01 ENTRY INTO

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. Edgewater Recovery Centers, LLC On October 22, 2024, ARIA Kentucky, LLC ("ARIA Kentucky"), a wholly owned subsidiary of Ethema Heath Corporation (the "Company") and Edgewater Recovery Center LLC ("ECI") and its sole member John David Elam (the "Seller"), entered into an Asset Purchase Agreement (the "APA") pursuant to which ARIA Kentucky agreed to acquire and ECI agreed to sell to ARIA Kentucky, on the closing date, the addiction treatment operations owned by ECI and located in Morehead and Paducah, Kentucky through a purchase of the assets of ECI (the "Acquired Assets") , including; all assets of ECI used in the business of ECI (except for certain specified assets), including but not limited to all current assets existing at the time of closing, all cash balances and rights to receive cash, all equipment, machinery, all warranties related to the business and acquired assets, all intangible personal property, intellectual property, all business inventories, all property leases associated with the business, all assumed contracts, all governmental authorizations; and all information and records, including patient records, as defined in the APA. Certain of the Real Property associated with the operations of ERI are fully levered and requires credit and personal guarantees which the Company is unable to provide. 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 arms-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. THE APA also contains certain ECI and ARIA Kentucky representations, warranties, covenants and obligations, which are defined in the APA and are customary in agreements of

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.01 Asset Purchase Agreement dated October 22, 2024.

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: October 29, 2024 By: /s/ Shawn E. Leon Name: Shawn E. Leon Title: CEO

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