SOURCE: Ethema Health Corporation

Ethema Health Corporation

November 06, 2017 08:00 ET

Ethema Health Completes First Deposits on Real Estate Purchase of 174 Bed Treatment Facility

DELRAY BEACH, FL--(Marketwired - Nov 6, 2017) - Ethema Health Corporation (OTCQB: GRST) ("Ethema" "GRST" or the "Company"), a provider of healthcare services has completed the first two deposits totaling $700,000.00 on the purchase and sale agreement for the acquisition of land and buildings that operate as a substance abuse treatment center in West Palm Beach, Florida. The Company had previously announced that it had signed the agreement. The Company expects to finalize the terms for the future use of the property in the next seven days. This property adds to the property the Company acquired in Delray Beach, Florida earlier this year where the Company has moved its principal office and where it operates a licensed treatment facility with 32 beds of community housing.

Mr. Shawn Leon, president and CEO of the Company, said, "We are very pleased with the level of interest the Company has received in the last few days since we first reported the transaction. Scientists, Doctors, researchers and collaborators have expressed their interest in working with the Company as it seeks to establish a center of excellence in the field of addiction treatment. It is a testament to the quality of the premises and the great potential it holds in hosting highly regarded professionals working together with us to improve upon the efficacy of our treatment and to conduct third party outcome studies. Further details of the acquisition will be reported in an 8k that will be filed this week."

About Ethema Health Corporation

Ethema Health Corporation (OTCQB: 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 six years and has had much success with in-patient treatment for adults. Ethema will continue to develop world class programs and techniques with its expansion in the United States. The Company currently has under twenty employees and operates in Delray Beach, Florida. For more information you can visit our website at www.ethemahealth.com and seastoneofdelray.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.

Contact Information