{"schema_version":"secwatch.filing_event.v1","accession":"0001903596-23-000607","form_type":"8-K","ticker":null,"cik":"0000792935","company_name":"ETHEMA HEALTH Corp","filed_at":"2023-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.660787+00:00","generated_at":"2026-06-11T15:55:02.040706+00:00","sec_items":["1.01","2.01","2.03","3.02","7.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ethema Health completes $8.5M sale-leaseback of 950 Evernia and restructures Leonite capital instruments","bullets":["Closed purchase of 950 Evernia for $5.5M and sale to Pontus for $8.5M on Aug 4, 2023; net proceeds $2.82M.","Entered 20-year net lease at $748K/yr (2.75% annual escalation); total obligation ~$19.6M.","Exchanged $400K Series B preferred + $61K dividends for Cranberry Cove Holdings; recorded $2.496M gain.","Replaced Leonite warrant: fixed 20% at 745.8M shares, exercise $0.001, expiry June 30, 2027.","Repaid $1.449M to Leonite and $245K to other convertible noteholders, eliminating variable-rate conversions."],"urls":{"canonical":"https://secwatch.observer/filing/0001903596-23-000607","json":"https://secwatch.observer/filing/0001903596-23-000607.json","markdown":"https://secwatch.observer/filing/0001903596-23-000607.md","text":"https://secwatch.observer/filing/0001903596-23-000607.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/792935/000190359623000607/0001903596-23-000607-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/792935/000190359623000607/grst_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T15:55:02.040706+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e8d6c093177559859f9520ae0557d01595e70719","claim":"ETHEMA HEALTH Corp incurred lease obligation of $19,595,653 with Pontus EHC Palm Beach, LLC maturing twenty years.","evidence_excerpt":"he lessor is Pontus EHC Palm Beach, LLC , a Delaware limited liability company and a portfolio company of Pontus Net Lease Advisors,","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/792935/000190359623000607/0001903596-23-000607-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"lease obligation"},{"label":"Principal","value":"$19,595,653"},{"label":"Counterparty","value":"Pontus EHC Palm Beach, LLC"},{"label":"Maturity","value":"twenty years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5d6e2e13836bbd7c565795ba94c3517a4f8a07ab","claim":"ETHEMA HEALTH Corp completed a disposition involving Pontus Net Lease Advisors, LLC for sale of 950 for $8,500,000 (closed 2023-08-04).","evidence_excerpt":"On August 4, 2023 the Company completed both the purchase of 950 from Evernia Station Limited Partnership and the sale of 950 to Pontus Net Lease Advisors, LLC.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/792935/000190359623000607/0001903596-23-000607-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Pontus Net Lease Advisors, LLC"},{"label":"Consideration","value":"sale of 950 for $8,500,000"},{"label":"Closing","value":"2023-08-04"}],"fact_type":"ma_transaction"},{"claim_id":"87876bec673a5e3aaa3af2de0e5e47728b8ecee0","claim":"ETHEMA HEALTH Corp completed an acquisition involving Evernia Station Limited Partnership for purchase of 950 Evernia Street for the sum of $5,500,000 (closed 2023-08-04).","evidence_excerpt":"On August 4, 2023 the Company completed both the purchase of 950 from Evernia Station Limited Partnership and the sale of 950 to Pontus Net Lease Advisors, LLC.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/792935/000190359623000607/0001903596-23-000607-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Evernia Station Limited Partnership"},{"label":"Consideration","value":"purchase of 950 Evernia Street for the sum of $5,500,000"},{"label":"Closing","value":"2023-08-04"}],"fact_type":"ma_transaction"},{"claim_id":"f01c4907e6ad071ea96c059a19e704283b153eb7","claim":"ETHEMA HEALTH Corp completed a disposition involving Leonite Capital, LLC for Leonite exchanged their $400,000 Series B preferred stock in the Company together with accrued and outstanding dividends of $61,183 for all of the outstanding s (closed 2023-06-30).","evidence_excerpt":"r the “Company”), Cranberry Cove Holdings Ltd., (“ CCH ”), and Leonite Capital, LLC, (“Leonite” and together with the Company and CCH, the “ Parties ”) entered into a Share Exchange Agreement that would transfer","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/792935/000190359623000607/0001903596-23-000607-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Leonite Capital, LLC"},{"label":"Consideration","value":"Leonite exchanged their $400,000 Series B preferred stock in the Company together with accrued and outstanding dividends of $61,183 for all of the outstanding s"},{"label":"Closing","value":"2023-06-30"}],"fact_type":"ma_transaction"},{"claim_id":"42d39375955c345568037a885f763a52446dc3f9","claim":"ETHEMA HEALTH Corp entered into Share Exchange Agreement with Leonite Capital, LLC valued at Leonite exchanged their $400,000 Series B preferred stock in the Company together with accrued and o (effective 2023-06-28).","evidence_excerpt":"On June 28, 2023 Ethema Health Corporation (“Ethema” or the “Company”), Cranberry Cove Holdings Ltd., (“ CCH ”), and Leonite Capital, LLC, (“Leonite” and together with the Company and CCH, the “ Parties ”) entered into a Share Exchange Agreement that would transfer the ownership of CCH from Ethema to Leonite effective June 30, 2023.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/792935/000190359623000607/0001903596-23-000607-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Leonite Capital, LLC"},{"label":"Value","value":"Leonite exchanged their $400,000 Series B preferred stock in the Company together with accrued and o"},{"label":"Effective","value":"2023-06-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}