Trulieve Cannabis Corp. Appoints New Auditor
Ticker: TCNNF · Form: 8-K · Filed: Mar 29, 2024 · CIK: 1754195
| Field | Detail |
|---|---|
| Company | Trulieve Cannabis Corp. (TCNNF) |
| Form Type | 8-K |
| Filed Date | Mar 29, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, financial-reporting
TL;DR
Trulieve swapped auditors, bringing in Marcum LLP for the 2024 fiscal year after Deloitte & Touche LLP resigned.
AI Summary
Trulieve Cannabis Corp. announced on March 25, 2024, that it has appointed a new independent registered public accounting firm, Marcum LLP, to audit its financial statements for the fiscal year ending December 31, 2024. This change follows the resignation of its previous auditor, Deloitte & Touche LLP. The company stated that the decision to change auditors was not due to any disagreements with Deloitte & Touche LLP.
Why It Matters
Changing auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors will monitor closely.
Risk Assessment
Risk Level: low — The filing is a routine change of auditor and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- Trulieve Cannabis Corp. (company) — Registrant
- Marcum LLP (company) — Newly appointed independent registered public accounting firm
- Deloitte & Touche LLP (company) — Resigned independent registered public accounting firm
- March 25, 2024 (date) — Date of earliest event reported
- December 31, 2024 (date) — Fiscal year end for which Marcum LLP will audit
FAQ
When did Trulieve Cannabis Corp. appoint Marcum LLP as its new auditor?
Trulieve Cannabis Corp. appointed Marcum LLP as its new independent registered public accounting firm on March 25, 2024.
Who was Trulieve Cannabis Corp.'s previous auditor?
Trulieve Cannabis Corp.'s previous auditor was Deloitte & Touche LLP.
For which fiscal year will Marcum LLP audit Trulieve Cannabis Corp.'s financial statements?
Marcum LLP will audit Trulieve Cannabis Corp.'s financial statements for the fiscal year ending December 31, 2024.
Were there any disagreements between Trulieve Cannabis Corp. and Deloitte & Touche LLP?
The filing states that the decision to change auditors was not prompted by any disagreements between Trulieve Cannabis Corp. and Deloitte & Touche LLP.
What is Trulieve Cannabis Corp.'s principal executive office address?
Trulieve Cannabis Corp.'s principal executive offices are located at 6749 Ben Bostic Road, Quincy, FL 32351.
Filing Stats: 1,123 words · 4 min read · ~4 pages · Grade level 17.4 · Accepted 2024-03-29 09:05:28
Filing Documents
- tcnnf-20240325.htm (8-K) — 32KB
- trulieveformattachmentxc.htm (EX-16.1) — 1KB
- trulieveformattachmentxc001.jpg (GRAPHIC) — 66KB
- 0001628280-24-013705.txt ( ) — 237KB
- tcnnf-20240325.xsd (EX-101.SCH) — 2KB
- tcnnf-20240325_lab.xml (EX-101.LAB) — 19KB
- tcnnf-20240325_pre.xml (EX-101.PRE) — 11KB
- tcnnf-20240325_htm.xml (XML) — 2KB
01 Change in Registrant's Certifying Accountant
Item 4.01 Change in Registrant's Certifying Accountant. Dismissal of Independent Registered Public Accounting Firm Effective March 25, 2024, the audit committee of the Board of Directors (the "Audit Committee") of Trulieve Cannabis Corp. (the "Company") approved the dismissal of Marcum LLP ("Marcum") as the Company's independent registered public accounting firm and informed Marcum of such dismissal. As reported below, the Company engaged WithumSmith+Brown, PC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Marcum's audit reports on the Company's consolidated financial statements for the fiscal years ended December 31, 2023 and 2022 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. Marcum's reports on the effectiveness of internal control over financial reporting as of December 31, 2023 and 2022 expressed an adverse opinion due to the existence of material weaknesses. During the two most recent fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through the date of this Current Report on Form 8-K: (i) there were no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K between the Company and Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Marcum's satisfaction, would have caused Marcum to make reference to the subject matter of the disagreements in connection with its reports on the Company's consolidated financial statements for such years, and (ii) no reportable events within the meaning of Item 304(a)(1)(v) of Regulation S-K, except for material weaknesses in the Company's internal control over financial reporting related to (1) ineffective information technology general controls ("ITGCs") in the areas of user access and change mana
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 16.1 Letter from Marcum LLP to the Securities and Exchange Commission dated March 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Trulieve Cannabis Corp. By: /s/ Eric Powers Name: Eric Powers Title: Chief Legal Officer Date: March 29, 2024