secwatch.observer — SEC 8-K summary
======================================

Issuer:     ETHEMA HEALTH Corp (—)
CIK:        0000792935
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001903596-25-000048
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792935/000190359625000048/0001903596-25-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792935/000190359625000048/grst_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-25-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer