NOTIS GLOBAL, INC. (OTCMKTS:NGBL) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrants Certifying Accountant
On April 21, 2017, Notis Global, Inc. (the Registrant) dismissed
Marcum, LLP (Marcum) as the Registrants principal accountant
effective on such date.The report of Marcum on the Registrants
consolidated financial statements for the fiscal years ended
December 31, 2014 and 2015 did not contain an adverse opinion or
a disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope, or accounting principles, except that
Marcums report for the years ended December 31, 2014 and 2015
included an explanatory paragraph raising substantial doubt about
the Registrants ability to continue as a going concern.
As disclosed in Item 9A of the Companys Annual Report on Form
10-K for the year ended December 31, 2015, the Companys
management and Board identified certain matters that constituted
material weaknesses in the Company’s internal control over
financial reporting and such weakness was advised by Marcum.
During the fiscal years ended December 31, 2014 and 2015, and the
subsequent period through April 21, 2017, the date of dismissal,
there were no disagreements with Marcum on any matter of
accounting principles or practices, financial statement
disclosures, or auditing scope or procedures, which
disagreement(s), if not resolved to the satisfaction of Marcum,
would have caused it to make reference to the subject matter of
the disagreement(s) in connection with its report, nor were there
any reportable events as defined in Item 304(a)(1)(iv) of
Regulation S-K.
The Registrant engaged Sadler, Gibb Associates, LLC (Sadler,
Gibb) as its new principal accountant effective as of April 21,
2017.During the fiscal years ended December 31, 2014 and 2015,
and the subsequent interim period through April 21, 2017, neither
the Registrant nor anyone on the Registrants behalf engaged
Sadler, Gibb regarding either the application of accounting
principles to a specified transaction, either completed or
proposed, or the type of audit opinion that might be rendered on
the Registrants financial statements, or any matter that was
either the subject of a disagreement or a reportable event, both
as such terms are defined in Item 304 of Regulation S-K.
The decision to dismiss Marcum and to engage Sadler Gibb was
recommended and approved both by the Registrants Audit Committee
of the Board of Directors and by the Board of Directors.
The Registrant has made the contents of this Form 8-K available
to Marcum and requested it to furnish a letter to the Securities
and Exchange Commission as to whether Marcum agrees or disagrees
with, or wishes to clarify the Registrants expression of its
views.A copy of such letter is attached hereto as Exhibit 16.1.
SECTION 9 FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Description of Exhibit | |
| 16.1* | Letter from Marcum dated April 27, 2017. |
*Filed herewith.
About NOTIS GLOBAL, INC. (OTCMKTS:NGBL)
Notis Global, Inc., formerly Medbox, Inc., is a provider of specialized services to the hemp and marijuana industry. The Company’s business activities include pursuing license rights in various states where marijuana is legalized in a certain capacity and contracting with independent third parties to cultivate and dispense marijuana and hemp products, where legal, through independent operator agreements and joint ventures; consulting with its clients operating in the hemp and marijuana industry in organization, licensing, development, build-out, maintenance, commencement of operations and through to maturity; distribution of hemp products processed by its contract partners, and ownership, development and management of real estate used by its partners as cultivation centers and dispensaries. The Company also sells a line of portable vaporizers and accessories under the brand name Vaporfection. NOTIS GLOBAL, INC. (OTCMKTS:NGBL) Recent Trading Information
NOTIS GLOBAL, INC. (OTCMKTS:NGBL) closed its last trading session 00.00000 at 0.00020 with 3,748,652 shares trading hands.