---
schema_version: "secwatch.filing_event.v1"
accession: "0001575872-23-000877"
form_type: "8-K"
ticker: null
cik: "0001852707"
company_name: "Better For You Wellness, Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:49:28.704379+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Better For You Wellness restates prior financials due to stock option valuation error

## Summary
- Auditor GBQ notified board on May 30, 2023 that option-valuation input error (grant date) invalidates prior filings.
- Affected periods: Q3 FY2022 (Nov 2021), FY2022 (Feb 2022), and Q1-Q3 FY2023 (May–Nov 2022).
- Company will correct via FY2023 10-K filing with restated stock-based compensation.
- Board discussed with GBQ; GBQ provided Exhibit 7.1 letter agreeing with non-reliance statements.

## SEC filing metadata
- accession: 0001575872-23-000877
- form_type: 8-K
- cik: 0001852707
- company_name: Better For You Wellness, Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852707/000157587223000877/0001575872-23-000877-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852707/000157587223000877/bfyw-20230530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-23-000877
- JSON: https://secwatch.observer/filing/0001575872-23-000877.json
- Plain text: https://secwatch.observer/filing/0001575872-23-000877.txt

## Key facts
- Auditor Changes
  Better For You Wellness, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: GBQ Partners LLC
  source text: The Company will, as soon as is practicable, make the appropriate adjustments to the above-referenced reports by filing 10K for the fiscal year ended February 28, 2023, which will include restated consolidated financial statements and notes thereto and any other appropriate revisions for the year ended February 28, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852707/000157587223000877/0001575872-23-000877-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.