---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-25-000048"
form_type: "8-K"
ticker: null
cik: "0000792935"
company_name: "ETHEMA HEALTH Corp"
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T17:44:00.275694+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ethema Health completes $250K acquisition of Edgewater Recovery; enters $7.9M in mostly related-party leases

## Summary
- Acquired addiction-treatment assets of Edgewater Recovery Centers for $250K cash plus assumed liabilities including a US government settlement.
- Signed 12 five-year property leases in Morehead, KY; 10 are with CEO-controlled entities (BH Properties) totaling ~$6.6M in obligations.
- Third-party leases (154 S Owens and 141 Main) add ~$1.24M; all leases effective Jan 1, 2025.
- Acquisition consummated Jan 9, 2025; financial statements for acquired business to be filed by amendment.
- Related-party leases escalate 1.5% annually; total lease obligations across all properties approx $7.9M.

## SEC filing metadata
- accession: 0001903596-25-000048
- form_type: 8-K
- cik: 0000792935
- company_name: ETHEMA HEALTH Corp
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792935/000190359625000048/0001903596-25-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792935/000190359625000048/grst_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-25-000048
- JSON: https://secwatch.observer/filing/0001903596-25-000048.json
- Plain text: https://secwatch.observer/filing/0001903596-25-000048.txt

## Key facts
- M&A Transactions
  ETHEMA HEALTH Corp completed an acquisition involving Edgewater Recovery Centers, LLC for $250,000 (closed 2025-01-09).
  - Action: acquisition
  - Counterparty: Edgewater Recovery Centers, LLC
  - Consideration: $250,000
  - Closing: 2025-01-09
  source text: rates. On January 9, 2025, ARIA Kentucky consummated the Acquisition of the Acquired Assets of ECI. Pursuant to the terms of the APA, at closing ARIA Kentucky paid the Seller $250,000 and assumed certain liabilities related to the Acquired Assets, including trade payables and liabilities under assumed contracts and certain specifically identified liabilities,
  evidence_url: https://www.sec.gov/Archives/edgar/data/792935/000190359625000048/0001903596-25-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.