Someone isn't happy with the relationship
Globe says Canopy Growth parts ways with KPMG
2023-06-30 07:54 ET - In the News
The Globe and Mail reports in its Friday edition that Canopy Growth has parted ways with accounting firm KPMG. The Globe's Jameson Berkow writes that KPMG has resigned from its role as of June 22. On Thursday, Canopy released a statement naming PKF O'Connor Davies as KPMG's replacement. The statement said the change has been "under way for some time" and "did not result from any disagreements between the company and KPMG." However, according to the June 22 Form 10-K that Canopy filed with the U.S. Securities and Exchange Commission, KPMG "issued an adverse opinion on the effectiveness of our internal control over financial reporting." Last week, Canopy conceded "material misstatements" related to its BioSteel sports drink unit that required the company to remove tens of millions of dollars in sales from previously reported quarterly results. In a separate filing also dated June 22, Canopy said KPMG found "a lack of the required number of trained operational and IT personnel with the appropriate skills and knowledge and with appropriate assigned authorities, responsibilities and accountability related to the design, implementation and operating effectiveness of internal control over financial reporting."
Three guesses who it is; your first first two dont count...?
KPMG; took the money and ran.
WEED; took the money and ruined.
TSX/OSC; dickless, ball less, blood on their hands.