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West Palm Beach, FL –
The Company also reports that it is in the process of formalizing extensions on its debts, some of which were coming due on June 30. The Company is experiencing strong cash flow and expects to be able to begin debt repayments in the third quarter from cash flow. The final terms will be announced as soon as the documentation on extensions is complete.
Mr. Shawn Leon, Company CEO, reported, “We are pleased with the continued growth in the second quarter and look forward to an even stronger third quarter as we adjust to the growth the additional beds have given us. Our Company, like many others across the country, is finding it challenging to add staff to meet the demands of our growth. We have been able to retain all of our core staff and have successfully integrated our new billing subsidiary during the quarter, which will contribute additional profit as a stand-alone company. We will continue to focus on growth while improving our balance sheet.”
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 decade 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
shawn@ethemahealth.com
Text to 416-500-0020
Twitter @healthethema
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