Ethema Health Corporation (OTCPK:GRST) entered into a securities purchase agreement for a private placement of a convertible promissory note for gross proceeds of $53,000 on January 9, 2019. The note carries fixed interest rate of 9% per annum and will mature on October 30, 2019. The company will issue securities pursuant to exemption provided under Regulation D. The note is convertible into common shares of the company at a conversion price equal to 61% of the lowest closing bid price of the company’s common stock for the ten trading days prior to conversion at any time and from time to time and at any time after 180 days from the note issuance date. The transaction included participation from existing investor Power Up Lending Limited. The company paid expenses of $3,000 for legal fees and due diligence fees.