Greenlane Holdings, Inc. Form 8-K Summary
Business context and reporting period
Greenlane Holdings, Inc. filed a Form 8-K dated September 23, 2019 under Item 4.01 concerning a change in its independent registered public accounting firm. The filing references Greenlane Holdings, LLC, the Company’s predecessor, and fiscal years ended December 31, 2017 and December 31, 2018, together with the interim period through September 23, 2019.
Key financial metrics and liquidity
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating financial metrics.
Material changes versus the prior comparable period
- Effective September 23, 2019, the Audit Committee dismissed BDO USA, LLP as the Company’s independent registered public accounting firm.
- On the same date, the Company engaged Deloitte & Touche LLP as its new independent registered public accounting firm.
- BDO’s audit reports on the predecessor’s 2017 and 2018 consolidated financial statements contained no adverse opinion, disclaimer, or qualification relating to uncertainty, audit scope, or accounting principles.
- The Company reported no reportable disagreements with BDO regarding accounting principles, financial statement disclosure, or audit scope or procedures during 2017, 2018, or the subsequent interim period.
- The Company also reported no reportable events during those periods.
Outlook, commentary, risks, and unusual items
The filing contains no financial guidance or operating outlook. The auditor transition is the principal disclosed corporate event. The Company provided BDO with a copy of the Form 8-K and requested a response letter to the SEC; BDO’s September 23, 2019 letter is filed as Exhibit 16.1. The filing states that Greenlane did not consult Deloitte regarding the matters described in Item 304(a)(2) of Regulation S-K before its engagement.
Investor verification checklist
- Review Exhibit 16.1 for BDO’s confirmation of the Company’s disclosures.
- Confirm Deloitte’s subsequent audit reports and whether the change in auditor affected later financial statement filings.
- Review later SEC filings for any newly disclosed disagreements, reportable events, accounting changes, or audit qualifications.
- Obtain separate periodic reports for financial performance, liquidity, debt, cash flow, and guidance, as these items are not addressed in this Form 8-K.