Ethema reports 2022 operating income $0.6M

Shawn Leon, Company CEO, reported, "We are pleased with last year’s results and although we had a very soft December and January, our Evernia operation is doing very well and we have had our largest average daily census ever in March, 2023. We managed to improve our balance sheet with the divestiture of two of our non-core subsidiaries and we are positioning the group for further growth with the potential acquisition of the target entity mentioned above. The real property transaction may provide us with sufficient capital to reduce debt and contribute to our acquisition and expansion costs. We will know the outcome of our strategy in April. If we are able to consummate the acquisition contemplated above, we expect revenues and operating results for 2023 to increase substantially over 2022."