Acquisition of subsidiary (Tables)

6 Months Ended

Jun. 30, 2017

Acquisition Of Subsidiary Tables

Schedule of acquisiton of subsidiary

The allocation of the purchase price is as follows:

	Amount
Purchase price paid:
Common shares issued to Seller	$	2,184,000
Receivable assumed by the Seller		504,442
		2,688,442
Allocated as follows:
Assets acquired:
Property		7,644,000
Receivable from Ethema Health Corporation		299,743
		7,943,743
Liabilities assumed:
Accounts payable and other accruals		158,094
Related party payable to Leon Developments		2,057,392
Mortgage liability owing to Ethema Health Corporation		267,540
Mortgage liability		3,145,549
		5,628,575
Net assets acquired		2,315,168
Excess purchase consideration allocated to shareholders compensation	$	373,274