Related party transactions

9 Months Ended

Sep. 30, 2022

Related Party Transactions [Abstract]

Related party transactions

17. Related party transactions

Shawn E. Leon

As of September 30, 2022 and December 31, 2021 the Company had a payable to Shawn Leon of $423,394 and $106,100, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms.

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the nine months ended September 30, 2022 and the year ended December 31, 2021.

Leon Developments, Ltd.

As of September 30, 2022 and December 31, 2021, the Company owed Leon Developments, Ltd., $835,805 and $935,966, respectively, for funds advanced to the Company.

Eileen Greene

As of September 30, 2022 and December 31, 2021, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,489,220 and $1,472,215, respectively. The amount owing to Ms. Greene is non-interest bearing and has no fixed repayment terms.

All related party transactions occur in the normal course of operations and in terms of agreements entered into between the parties.

ETHEMA HEALTH CORPORATION

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS