Current Report Filing (8-k)
July 27 2017 - 05:20PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 19, 2017
ETHEMA HEALTH CORPORATION
f/k/a GREENESTONE HEALTHCARE CORPORATION
(Exact name of registrant as specified in its
charter)
Colorado
|
000-15078
|
84-1227328
|
(State
or other jurisdiction of
incorporation
or organization)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
810
Andrews Avenue
Del
Ray Beach, Florida 33483
|
(Address
of principal executive offices)
|
(561)
450 7679
|
(Registrant’s
telephone number, including area code)
|
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[
]
|
|
Written
communications pursuant to Rule 425 under the Securities Act
|
[
]
|
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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[
]
|
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[
]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01
Entry
into a Material Definitive Agreement.
On
July 19, 2017, Cranberry Cove Holdings Ltd. (“CCH”), a wholly owned subsidiary of Ethema Health Corporation, a Colorado
corporation, f/k/a/ GreeneStone Healthcare Corporation (the “Company”) closed on a loan from PACE Savings & Credit
Union Limited (“Lender”) in the principal amount of CDN$5,500,000 (the “Loan”).
The
Loan is secured by a first mortgage on the premises owned by CCH located at 3571 Muskoka Road 169, Bala, Ontario (the “Property”).The
Loan bears interest at the fixed rate of 4.2% with a 5 year primary term and a 25 year amortization. The Company has guaranteed
the Loan and the Company’s chief executive officer and controlling shareholder also has personally guaranteed the Loan.
Both CCH and the Company have granted Lender a general security interest in its assets to secure repayment of the Loan.
The
proceeds of the Loan has been or will be used to pay off the existing first and second mortgages on the Property and certain other
indebtedness of the Company, and for working capital.
The
foregoing description of the Loan does not purport to be complete and is qualified in its entirety by reference to the Charge/Mortgage,
Guarantee and Postponement of Claim, and Business Loan General Security Agreement, copies of which are attached hereto as Exhibit
10.1, 10.2 and 10.3 and incorporated herein by reference.
Item
2.03
Creation of a Direct Financial Obligation.
The
information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
Item
8.01 Other Events.
On
June 27, 2017, the Company filed a change in its principal office address with the Colorado Secretary of State to change its principal
office to 810 Andrews Avenue, Del Ray Beach, Florida 33483.
Item 9.01
Financial Statements and Exhibits
(d) Exhibits.
The following exhibits are furnished with this report:
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
Date:
July 27, 2017
By: /s/ Shawn E. Leon
Name:
Shawn E. Leon
Title:
CEO
Ethema Health (PK) (USOTC:GRST)
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