Ethema Health Corporation (OTC: GRST) and Addiction Recovery Care LLC have mutually agreed to terminate the Letter of Intent (LOI) that was announced on October 22, 2025. The termination was disclosed in a press release issued December 31, 2025, indicating that both parties decided not to move forward with the partnership.
The announcement comes after the initial LOI was signed, which outlined a potential collaboration between the two entities in the behavioral healthcare sector. The specific reasons for the termination were not detailed in the release, but both companies characterized the decision as mutual.
Shawn Leon, CEO of Ethema Health Corporation, expressed optimism about the company's future despite the terminated agreement. “We look forward to the year ahead and expect to continue growing our businesses in Florida and Kentucky and to continue serving our clients and the communities we operate in,” Leon stated.
Ethema Health Corporation operates in the behavioral healthcare space, focusing on the treatment of substance use disorders. The company has developed a unique style of treatment over the past decade and has achieved success with inpatient treatment for adults. It continues to develop programs and techniques for North America.
The termination of the LOI may impact Ethema's expansion plans, but the company remains committed to its existing operations and growth strategy. The news is significant for investors and stakeholders as it indicates a shift in the company's partnership approach, though the company's forward-looking statements caution about uncertainties.
For more information about Ethema Health Corporation, visit their website at www.ethemahealth.com. The original press release can be viewed on NewMediaWire.
