Ethema Health Corp (OTCMKTS:GRST) stock jumped double-digit on Wednesday after the company release news.
Market Action
On Wednesday, GRST stock gained 20% to $0.0042 with more than 54.28 million shares, compared to its average volume of 16.29 million shares. The stock has moved within a range of $ 0.0033 – 0.0047 after opening the trade at $0.0035.
Major Trigger:
Ethema Acquisition Approved
Key Highlights:
- GRST announced that the Department of Children and Families of Florida has given the green light to the change of ownership for the ARIA treatment center and will be granting the new license early next week, making the ownership change final. The Company will report further on the accounting treatment of this acquisition.
- The Company also reports that it intends to report more regularly on its twitter page @healthethema and that those reports may contain disclosure that is key information in compliance with Regulation Fair Disclosure allowed by the SEC as per the SEC press release of April 2, 2013.
Key Quote:
Mr. Shawn Leon, the CEO of the Company, stated, “We are pleased with the progress we have made on the debt reductions and restructuring that have taken place recently and are very excited that we can report the financial operations of our acquisition in the second quarter after the acquisition closes.”
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