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Pineapple Express Cannabis (PNXP) replaces Aloba with Boladale Lawal as auditor

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Pineapple Express Cannabis Company changed its independent auditor. On April 25, 2026, the Board dismissed Aloba Awomolo & Partners as the independent registered public accounting firm. Aloba’s prior report for the year ended January 31, 2025 included an explanatory paragraph about substantial doubt regarding the company’s ability to continue as a going concern.

On April 30, 2026, the Board engaged Boladale Lawal & Co. (Chartered Accountants), a PCAOB-registered firm, to audit the fiscal year ending January 31, 2026. The company reports there were no disagreements or reportable events with Aloba and no prior consultations with Boladale Lawal on accounting or auditing issues.

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Item 4.01 Changes in Registrant's Certifying Accountant Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Former auditor dismissal date April 25, 2026 Date Aloba Awomolo & Partners was dismissed as auditor
New auditor engagement date April 30, 2026 Date Boladale Lawal & Co. was engaged as new auditor
Fiscal year end (prior audit) January 31, 2025 Year for which Aloba’s report included a going-concern paragraph
Fiscal year to be audited January 31, 2026 Year Boladale Lawal & Co. is engaged to audit
Aloba PCAOB Firm ID 7275 Public Company Accounting Oversight Board firm identifier for Aloba
Boladale Lawal PCAOB Firm ID 6993 Public Company Accounting Oversight Board firm identifier for Boladale Lawal
independent registered public accounting firm financial
"dismissed Aloba Awomolo & Partners as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
going concern financial
"contained an explanatory paragraph noting that there was substantial doubt about the Company’s ability to continue as a going concern"
A going concern is a business that is expected to continue its operations and meet its obligations for the foreseeable future, rather than shutting down or selling off assets. This assumption matters to investors because it indicates stability and ongoing profitability, making the business a more reliable investment. Think of it as believing a restaurant will stay open and serve customers, rather than closing down suddenly.
reportable events regulatory
"no “reportable events” of the type described in Item 304(a)(1)(v) of Regulation S-K"
Regulation S-K regulatory
"as that term is described in Item 304(a)(1)(iv) of Regulation S-K and the related instructions"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
Public Company Accounting Oversight Board regulatory
"a public accounting firm registered with the Public Company Accounting Oversight Board (PCAOB Firm ID No. 6993)"
An independent oversight body that inspects and sets rules for the firms that audit public companies’ financial statements, ensuring those audits are thorough and trustworthy. Like a building inspector checking that a structure is safe, it helps investors rely on reported profits and debts by reducing the chance of sloppy or fraudulent audits; stronger oversight can raise investor confidence and affect how the market values a company.
Understanding 8-K Material Events →
0001710495 false 0001710495 2026-04-25 2026-04-25

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 25, 2026

 

PINEAPPLE EXPRESS CANNABIS COMPANY

(Exact name of registrant as specified in its charter)

 

 

NV

001-41762

33-3266062

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

300 Peachtree Street NE, Ste 1775

Atlanta, GA 30308

(Address of principal executive offices and Zip Code)

 

Registrant’s telephone number, including area code: (404) 734-3277

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

ITEM 4.01CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT. 

 

(a) Dismissal of Previous Independent Registered Public Accounting Firm.

 

On April 25, 2026, Pineapple Express Cannabis Company (the “Company”) dismissed Aloba Awomolo & Partners (“Aloba”), PCAOB Firm ID No. 7275, as the Company’s independent registered public accounting firm. The dismissal was approved by the Company’s Board of Directors on April 25, 2026. The Company does not have a separately designated standing audit committee; accordingly, the functions of an audit committee are performed by the full Board of Directors, which approved the dismissal.

 

Aloba’s reports on the Company’s financial statements for the fiscal year ended January 31, 2025 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, except that Aloba’s report on the Company’s financial statements as of and for the fiscal year ended January 31, 2025 contained an explanatory paragraph noting that there was substantial doubt about the Company’s ability to continue as a going concern.

 

During the Company’s fiscal year ended January 31, 2025 and the subsequent interim period through April 25, 2026, there were (i) no disagreements (as that term is described in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and Aloba on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Aloba’s satisfaction, would have caused Aloba to make reference to the subject matter of the disagreements in connection with its reports on the Company’s financial statements for such periods, and (ii) no “reportable events” of the type described in Item 304(a)(1)(v) of Regulation S-K.

 

The Company has provided Aloba with a copy of the disclosures contained in this Current Report on Form 8-K and has requested that Aloba furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not Aloba agrees with the statements made by the Company in this Item 4.01 and, if not, stating the respects in which it does not agree. A copy of Aloba’s letter, when received, will be filed as Exhibit 16.1 to an amendment to this Current Report on Form 8-K.

 

(b) Engagement of New Independent Registered Public Accounting Firm.

 

On April 30, 2026, the Company’s Board of Directors engaged Boladale Lawal & Co. (Chartered Accountants) (“Boladale Lawal”), a public accounting firm registered with the Public Company Accounting Oversight Board (PCAOB Firm ID No. 6993; registration date May 23, 2023), as the Company’s new independent registered public accounting firm to audit the Company’s consolidated financial statements for the fiscal year ending January 31, 2026. The engagement was affected pursuant to a written audit engagement letter dated April 30, 2026 between the Company and Boladale Lawal.

 

During the Company’s two most recent fiscal years and the subsequent interim period through April 30, 2026, neither the Company nor anyone acting on its behalf consulted Boladale Lawal regarding either (i) 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 Company’s financial statements, and no written report or oral advice was provided to the Company by Boladale Lawal that was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, or (ii) any matter that was either the subject of a “disagreement” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a “reportable event” (as defined in Item 304(a)(1)(v) of Regulation S-K).

 

 

 

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 5, 2026

PINEAPPLE EXPRESS CANNABIS CO.

 

 

 

By: /s/ Frank Yglesias

 

Frank Yglesias

Chairman, President and Chief Executive Officer

(Principal Executive Officer and Principal Financial Officer)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Source: View Original Filing on SEC EDGAR

FAQ

What auditor change did Pineapple Express Cannabis (PNXP) disclose?

Pineapple Express Cannabis dismissed Aloba Awomolo & Partners as its independent registered public accounting firm and, a few days later, engaged Boladale Lawal & Co. to audit its consolidated financial statements for the fiscal year ending January 31, 2026.

Why is the prior Aloba audit report for PNXP important?

Aloba’s report on Pineapple Express Cannabis’s financial statements for the year ended January 31, 2025 included an explanatory paragraph noting substantial doubt about the company’s ability to continue as a going concern, highlighting financial uncertainty identified by the former auditor.

Did Pineapple Express Cannabis (PNXP) report disagreements with its former auditor?

The company states that during the fiscal year ended January 31, 2025 and through April 25, 2026, there were no disagreements or reportable events with Aloba on accounting principles, financial statement disclosure, or auditing scope or procedures as defined under Regulation S-K.

Who is the new auditor for Pineapple Express Cannabis (PNXP)?

On April 30, 2026, Pineapple Express Cannabis engaged Boladale Lawal & Co., a Public Company Accounting Oversight Board-registered firm (PCAOB Firm ID No. 6993), to serve as its new independent registered public accounting firm for the fiscal year ending January 31, 2026.

Did PNXP consult Boladale Lawal before appointing it as auditor?

The company reports that during its two most recent fiscal years and through April 30, 2026, neither it nor anyone acting on its behalf consulted Boladale Lawal on specific accounting applications, audit opinions, disagreements, or reportable events prior to the engagement.

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