ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On March 20, 2023, Ethema Health Corp. ("Ethema" or the "Company") has been
advised by Daszkal Bolton, LLP ("Daszkal"), Company' independent registered
public accounting firm, that Daszkal completed a business combination agreement
with CohnReznick LLP ("CohnReznick"). As a result of this transaction, Daszkal
will resign as Company' independent registered public accounting firm upon the
Company filing its annual report on Form 10-K for the year ended December 31,
2022. The Company's current Daszkal audit team is now part of CohnReznick and
the Company expects it will likely engage CohnReznick to serve as the Company's
independent registered public accounting firm for the Company's fiscal year
ending December 31, 2023 but has not engaged them at this time.
Daszkal's reports on the Company's financial statements for the past two years
did not contain an adverse opinion or a disclaimer of opinion, and were not
qualified or modified as to uncertainty, audit scope, or accounting principles.
The report had been prepared assuming that the Company would continue as a going
concern and included an explanatory paragraph regarding the Company's ability to
continue as a going concern as result of recurring loses and a deficiency in
shareholders' equity.
During the years ended December 31, 2021 and 2020, and the subsequent interim
periods through November 14, 2022, there were (i) no disagreements (as described
in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between
Ethema and Daszkal on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which, if not
resolved to Daszkal's satisfaction, would have caused Daszkal to make reference
thereto in its reports on the financial statements for such years; and (ii) no
"reportable events" within the meaning of Item 304(a)(1)(v) of Regulation S-K,
except that Daszkal advised the Company of material weaknesses in its internal
control over financial reporting as of December 31, 2021 and 2020
The Company provided Daszkal with a copy of the disclosures it is making in this
Current Report on Form 8-K and requested that Daszkal furnish a letter addressed
to the Securities and Exchange Commission stating whether Daszkal agrees with
the statements made herein. A copy of Daszkal's letter dated March 20, 2023, is
filed as Exhibit 10.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.01 Letter from Daszkal Bolton dated March 20, 2023
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