Ethema Closes on $220,000.00 Financing

West Palm Beach, FL, July 02, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Ethema Health Corporation (OTCPINK: GRST) (“Ethema” “GRST” or the “Company”) last reported on June 26, 2020 in its update on filing status and other matters, that  it expected to file its 10-K annual report by July 1, 2020.  Under normal circumstances the Company would be able to predict with accuracy an expected filing date but due to the lockdowns imposed by local US State Government related to the COVID-19 pandemic, the Company has not had access to consulting and other administrative staff and accordingly was unable to compile and review information necessary to complete our filing by the previously predicted date.  The Company reports that its 10-K annual report is in final review by its auditors and is expected to be filed soon.  These circumstances may affect the predicted date of filing its 10-Q although it expects that the 10-Q will be filed shortly after the 10-K.   

On July 1, 2020 the Company did close on the balance of a $220,000.00 financing with Leonite Capital Inc., which will pave the way to complete the acquisition of the company that will give Ethema a new treatment center location in West Palm Beach, Florida.   The Company further reports that it is the final stages of completing the restructure of its debt to Leonite Capital Inc.  The Company will file on form 8-K the details of the financing, the restructure and acquisition once they are complete.

The Company previously provided on an 8-K filing amendments to loan agreements with three of its convertible note holders that provided for a stay on note conversions pending the repayment of certain amounts by certain dates.  A payment of $25,000.00 due on July 1, 2020 to First Fire Global Opportunities Fund has been extended until July 2, 2020 and will be completed today.        

 About Ethema Health Corporation

Ethema Health Corporation (OTCPINK: GRST) operates in the behavioral healthcare space specifically in the treatment of substance use disorders. Ethema developed a unique style of treatment over the last eight years and has had much success with in-patient treatment for adults. 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 herein includes forward-looking statements.  These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.  You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements.  Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity.  We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For information please contact:

Ethema Health Corporation

Text to 416-500-0020

shawn@ethemahealth.com

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