Current Report Filing (8-k)
August 09 2017 - 2:18PM
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):
August 3, 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
|
[
]
|
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
|
[
]
|
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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
August 3, 2017, Delray Andrews RE, LLC (“Delray RE”), a Florida limited liability company and wholly owned subsidiary
of Ethema Health Corporation, a Colorado corporation f/k/a/ GreeneStone Healthcare Corporation (the “Company”), entered
into a Commercial Contract (the “Contract”) with 45 West 17
th
Street, LLC, a Florida limited liability
company (“Seller”), for the purchase of certain land and building at 45 West 17
th
Street, Riviera Beach,
Florida (the “Property”).
The
Contract requires the build-out by Seller of a 20 bed inpatient residential detoxification facility and the obtaining of the requisite
construction completion and licensing approvals. The purchase price for the Property is $3,000,000, with $2,000,000 allocated
to the build-out, and construction completion and licensing approvals.
Subject
to Delray RE’s satisfaction with its due diligence inspections by August 31
st
and satisfaction of other conditions
of closing including obtaining the requisite approvals, the closing is required to take place before an outside date of November
17, 2017. The Contract provides for secured financing to be provided by Seller at closing in the amount of $1,000,000.
The
foregoing description of the real estate purchase and sale does not purport to be complete and is qualified in its entirety by
reference to the Commercial Contract, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
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:
August 9, 2017
By: /s/ Shawn E. Leon
Name:
Shawn E. Leon
Title:
CEO
Ethema Health (PK) (USOTC:GRST)
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