Ethema Health Corporation (OTCPK:GRST) acquired remaining 25% stake in American Treatment Holdings, Inc. for $1.1 million on May 16, 2024. As a part of consideration, Ethema Health Corporation will pay cash component of the acquisition was $0.625 million and the balance was funded with a promissory note of $0.475 million given to the Seller which will be paid over 18 months. As per terms, The Company has raised $1.2 million in bridge loan funding to date and lined up an additional $0.3 million to fund the expansion into the Boca Raton location when that is finalized. In a related transaction, Ethema Health Corporation acquired additional location in Boca Raton.

Ethema Health Corporation (OTCPK:GRST) completed the acquisition of remaining 25% stake in American Treatment Holdings, Inc. on May 16, 2024.