ITEM 4.01
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CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT.
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Resignation of Independent Registered Public
Accounting Firm
On April 20, 2020, Canfield Medical Supply,
Inc. (the “Company”) dismissed Pinnacle Accountancy Group of Utah (a DBA of Heaton & Company, PLLC) (“PAG”)
as the Company’s independent registered public accounting firm. The decision to dismiss PAG as the Company’s independent
registered public accounting firm was made by the Company’s board of directors.
The reports of PAG in the Company’s financial
statements for the years ended December 31, 2019 and December 31, 2018 did not contain an adverse opinion or disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope, or accounting principles, except that, the reports included
an explanatory paragraph with respect to the uncertainty as to the Company’s ability to continue as a going concern.
During the years ended December 31, 2019 and
December 31, 2018, and in the subsequent interim period through April 22, 2020, there were no reportable events, as defined in
Item 304(a)(1)(v) of Regulation S-K.
The Company provided PAG with a copy of this
disclosure set forth under this Item 4.01 and requested that PAG furnish a letter addressed to the Securities and Exchange Commission
stating whether or not it agrees with the above statements. A copy of the letter from PAG is attached hereto as Exhibit 16.1.
New Independent Registered Public Accounting
Firm
On April 22, 2020, the Board authorized management
of the Company to engage Daszkal Bolton LLP (“Daszkal Bolton“) as the Company’s independent registered public
accounting firm for the Company’s fiscal year ending December 31, 2020. On April 17, 2020, the Company entered into an engagement
agreement with Daszkal Bolton to provide audit services for the year ending December 31, 2020. Daszkal Bolton was the independent
registered public accounting firm for Splash Beverage Group, Inc., the Company’s wholly-owned subsidiary, for the year ended
2019 and 2018.
During the fiscal years ended December 31,
2019 and 2018, and in the subsequent interim period through April 22, 2020, neither the Company nor anyone acting on its behalf
consulted with Daszkal Bolton regarding (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 neither a written
report nor oral advice was provided that Daszkal Bolton concluded was an important factor considered by the Company in reaching
a decision as to the accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a disagreement
between the Company and its predecessor auditor as described in Item 304(a)(1)(iv) of Regulation S-K or a reportable event as described
in Item 304(a)(1)(v) of Regulation S-K.