Greenbrook Tms Adopts US GAAP, Reissues Financials

Greenbrook Tms (GBNHF) has shared an announcement.

A company that previously operated as a “foreign private issuer” has shifted its reporting status to a “domestic issuer” as of January 1, 2024, following the conclusion of its second fiscal quarter in 2023. This transition requires the company to adhere to US accounting standards (US GAAP) instead of IFRS. Consequently, the firm has reissued its financial statements for specific periods of 2022 and 2023 to align with the new accounting practices. This change is crucial for investors tracking its financial health and compliance with SEC regulations.

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