Etthema files 8K on debt restructuring
West Palm Beach, Fla., July 22, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Ethema Health Corporation (OTCPINK: GRST) (“Ethema” “GRST” or the “Company”) today filed an 8-K noting the new rating finalized to replace the expiring ratings of the Labrys Fund which expired at the end of June 2022 The new note extends the maturity by 9 months from June 1, 2022 and also allows the Company to avoid other costs embedded in the note if the original amount due under the Labrys Notes is repaid by October 3 2022.
The Company also reports that on July 15, 2022, it fully extinguished the outstanding note owed to Geneva Roth Remark Holdings Inc.
The company also earlier this month changed the company’s headquarters from 1590 S Congress Avenue, West Palm Beach FL 33406 to the location of its ARIA subsidiary at 950 Evernia Street, West Palm Beach FL 33401.
Mr. Shawn Leon, CEO of the company, said: “We have worked with one of our long-term investors to purchase the expiring notes from Labrys Fund and convert them into a new long-term note. . This will give the Company more time to generate cash flow for debt repayment. The Company’s subsidiary ARIA is steadily increasing its cash flow and should generate enough to repay the note in full before maturity.
About Ethema Health Corporation
Ethema Health Corporation (OTCPINK: GRST) operates in the field of behavioral health, particularly in the treatment of substance use disorders. Ethema has developed a unique treatment style over the past decade and has had great success with adult hospital treatment. Ethema will continue to develop world-class programs and techniques for North America. For more information, you can visit our website at www.ethemahealth.com .
Notice Regarding Forward-Looking Statements
The information contained in this document includes forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that could cause our actual results, levels of activity, performance or achievements to be materially different. results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements as they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and are likely to, materially affect actual results, activity levels, performance or achievements. Any forward-looking statements reflect our current views regarding future events and are subject to those risks, uncertainties and assumptions regarding our operations, results of operations, growth strategy and liquidity. We undertake no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons why actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For more information, please contact:
Ethema Health Corporation