Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related
Audit Report or Completed Interim Review.
Following comments received on June 13, 2014 from the staff of the Division of
Corporation Finance of the Securities and Exchange Commission (the "SEC"), on
July 9, 2014, Steve Matteson, the Chief Financial Officer of Sealand Natural
Resources Inc. (the "Company") determined that the Company's financial
statements and related disclosures included in the Company's Quarterly Report on
Form 10-Q for the period ended February 28, 2014, filed with the SEC on April
21, 2014 (the "Previously Issued Financial Statement"), should not be relied
upon. The Company did not properly account for some expenses pertaining to stock
discount expense and legal and professional fees.
The Company expects to restate the Previously Issued Financial Statement. The
Company is working diligently to prepare and file a restated unaudited interim
financial statement for the period ended February 28, 2014 in a Quarterly Report
on Form 10-Q/A as soon as possible. The Company believes that this restated
filing will contain disclosures that are adequate and appropriate to restate the
relevant financial information in the Previously Issued Financial Statement.
Mr. Matteson has discussed the matters mentioned herein with Harris & Gillespie
CPA's, PLLC, the Company's independent registered public accounting firm. Harris
& Gillespie CPA's, PLLC is now the name of the accounting firm that used to be
called Thomas J. Harris, CPA, the Company's independent registered public
accounting firm since inception. The Company has not changed its certifying