GRST - Ethema Health purchases property and ends third quarter strong

• Ethema Health ( OTCPK:GRST ) has announced that it had entered into an option to purchase the building at 950 Evernia Street, West Palm Beach.
• On Oct. 3, 2022, Ethema signed a purchase and sale agreement to purchase the building and paid a $0.35M deposit as part of the Agreement, bringing the total deposit to $0.4M after getting credit for the $50K option payment.
• The company plans to raise additional equity for the purchase through a Regulation A financing.
• The Q3 revenues set a new record and the Co. had an ~25% revenue increase over the Q2 in spite of the usual summer soft period in our industry.
• "We continue to work on eliminating debt, especially convertible debt, and with stronger cash flow each month and the potential to raise new equity." said Shawn Leon, CEO.

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