Ethema Posts Strong Revenue Guidance for Second Quarter

West Palm Beach, FL, June 30, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Ethema Health Corporation (OTCPINK:GRST) (“Ethema” “GRST” or the “Company”) expects its ARIA subsidiary to report a revenue increase of 13% for the second quarter 2022 over the first quarter 2022 when the Company files its Q2 financials with the SEC in July.  This expectation is an estimate based on claims submissions to date and the historical collections percentage averages experienced in recent history.  The addition of 10 new beds in the newly leased neighboring property came on-line in the first week of June and have been steadily filled since that time.  The expected addition of an additional 4 beds has been delayed due to the delays in completion of the first-floor commercial office space renovation.  This renovation is complete and an occupancy permit is expected to be issued in the first week of July.  The third quarter will therefore have an availability of 62 beds for the full quarter.