secwatch.observer — SEC 8-K summary
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Issuer:     Avenir Wellness Solutions, Inc. (—)
CIK:        0001643301
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001477932-23-002757
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auditor RBSM resigns over revenue recognition and undisclosed related-party transactions
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- RBSM resigned effective April 12, 2023, citing disagreements over gross vs. net revenue recognition for nutraceutical products sold via Sera Labs.
- RBSM identified undisclosed related-party transactions with ALT, a company controlled by the CEO, involving cash processing and vendor payments.
- Prior audit reports (2020, 2021) included going-concern explanatory paragraphs; no other qualifications.
- Company disagrees with RBSM's assertions, citing an independent expert's support for gross revenue recognition, and has engaged a successor accountant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643301/000147793223002757/0001477932-23-002757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643301/000147793223002757/curr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-002757

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