Fri, May 23, 8:38 PM (26 days ago)
**Ethema Health Corporation (ETHE) - Ticker: GRST** **Financial Performance:** - **Revenue:** $6,017,204 (2024) vs. $5,344,976 (2023), an increase of $672,228 or 12.6%. - **Operating Expenses:** $7,350,333 (2024) vs. $5,886,896 (2023), an increase of $1,463,437 or 24.9%. - **Operating Loss:** $(1,333,129) (2024) vs. $(541,920) (2023), an increase in loss of $791,209 or 146.0%. - **Net (Loss) Income:** $(2,165,937) (2024) vs. $1,006,415 (2023), a decrease of $3,172,352 or 315.2%. - **Earnings per Share:** $0.00 (2024) vs. $0.00 (2023). **Strategic Overview:** - Focused on addiction treatment centers, with operations in West Palm Beach, Florida. - Acquired minority stake in American Treatment Holdings, Inc. (ATHI), which operates drug rehabilitation facilities. - Strategic acquisitions include Boca Cove Detox and Edgewater Recovery Centers, LLC. **Future Outlook:** - Plans to expand addiction treatment services in the U.S. market. - Dependent on raising additional capital through equity or debt financing. - High liquidity risk due to working capital deficiency and accumulated deficit. **Risk Factors:** - High liquidity risk due to working capital deficiency and accumulated deficit. - Dependence on raising additional capital for future growth. - Potential material adverse effects if financing is not secured. **Financial Condition:** - Total assets: $12,158,402 (2024) vs. $11,519,176 (2023). - Total liabilities: $19,616,969 (2024) vs. $17,719,456 (2023). - Stockholders' deficit: $(7,458,567) (2024) vs. $(6,200,280) (2023). **Market Position Changes:** - Quoted on the OTC Pink Sheets market under the symbol "GRST." - No significant changes in market position reported. **Note:** Amounts are in thousands, 000s.