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James B. Francis, CFA
Director of Publicly Traded Securities Research, CRB Monitor

CRB Monitor Securities Database Updates, November 2020

Source: CRB Monitor

CRB Monitor Securities Database Highlights

Of the thousands of announcements and filings reviewed during October 2020, our research resulted in a total 336 updates to the CRB Monitor database (64 updates to issuers’ records, 272 news releases added). The complete list of securities and detail for these updates can be found in the CRB Monitor database.

Select M&A/Subsidiary Highlights:

Security/Exchange Highlights:

Risk Tier/Inclusion Updates in CRB Monitor      

Select New Additions to CRB Monitor

Cannabis-Linked Equity Performance

By and large, cannabis-linked equities benefitted from the results of the November elections, which had positive implications for both state and federal levels. As we wrote in the October 2020 CRB Monitor securities newsletter, five states (Arizona, Montana, New Jersey, South Dakota, Oregon) had cannabis-related measures on the November ballot, and voters showed their overwhelming support for legalization and decriminalization of marijuana. In addition, a Biden-Harris victory was positive news for cannabis as well given that decriminalization was on their campaign platform. With that said, legalization will be an uphill battle at the congressional level, and we might see delays in moving cannabis-related legislation forward, given higher priorities (COVID-19/health care, the US economy) heading into 2021.

We continue to track the performance of the CRB Monitor index of Top 10 Tier 1 cannabis securities. The equally-weighted basket of the largest Tier 1 companies surged in November, up 42% and extending its winning performance from the prior month. The big winner in the basket was Aphria, Inc. (CSE:APHA), returning more than 84% as the company announced in early November its strategic entry into the United States with its acquisition of Sweetwater Brewing Company. Tilray, Inc. (Nasdaq: TLRY) had spectacular performance as well (+58%) in spite of an earnings downgrade mid-month. And GW Pharmaceuticals ADRs (Nasdaq: GWPH) rebounded, up more than 55% after languishing in the month of October.

Source: CRB Monitor, Sentieo

CRB Monitor “Top 10” Tier 1 Cannabis Companies – November 2020 Performance

Source: CRB Monitor, Sentieo

CRBs In the News – November 2020

November was an active month for news related to publicly-traded cannabis companies. The following is a sampling of highlights (with links to the articles) from the November 2020 cannabis news cycle, as tracked by CRB Monitor. Included are CRB Monitor’s proprietary Risk Tiers.

• Village Farms International Completes Acquisition of Pure Sunfarms' Shares to Own 100% of Canada's Premier Cannabis Supplier - Transaction Marks Significant Milestone in Village Farms Transformation to a Plant-Based CPG Company (Tier 1B)
• Fire & Flower to Acquire Leading Ontario Cannabis Retailer Friendly Stranger Holdings Corp (Tier 1B)
• Aphria Inc. Announces Strategic Entry into the United States with an Agreement to Acquire SweetWater Brewing Company (Tier 1B)
• Citation Growth Corp. Announces Name Change – Now Fiore Cannabis Ltd. (Tier 1B)
• Copperstate Farms expands its marijuana operations in Arizona (Aphria -Tier 1A)
• Curaleaf Announces Asset Divestitures in Maryland for $31.5 Million (Tier 1A)
• Jushi Holdings Inc. Announces Provisional License for Medical Cannabis Cultivation in Portugal (Tier 1B)
• Red Light Holland to Acquire Wholesale Distribution Company in the Netherlands Providing Access to over 1,000 Retail Outlets in Multiple EU Countries (Upgrade to Tier 1B)
• Thoughtful Brands Acquires American CBD Extraction Corp (Tier 1B)
• High Tide Completes Acquisition of Meta Growth (Tier 1B)
• Ayr Strategies Completes Acquisition of DocHouse in Pennsylvania (Tier 1B)
• EuroLife Brands Announces Name and Stock Symbol Change to Plant & Co. Brands Inc. and Corporate Update (Tier 1B)
• Radient Technologies Announces Receipt of Cannabis Research Licence for Human Administration Trials and Sensory and Taste Evaluation of Cannabis Products (Tier 1B)
• Univo Completes Cannabis Farm For Special Strains Requested By Patients (Tier 1B)
• Namaste Technologies Announces Proposed Transaction to Take Ownership of CannMart Labs to 100% (Tier 1B)
• HTC Announces Canadian Launch of Kase One Retail Brand (Tier 1B)
• Youngevity International, Inc. Receives Notice of Nasdaq Delisting (Tier 1B)
• True Leaf Successfully Restructures; Begins New Chapter (Tier 1B)

Wondering what a Tier 1, Tier 2 or Tier 3 CRB is?

See our seminal ACAMS Today white paper Defining "Marijuana-Related Business" and its update Defining "Cannabis-Related Business"

Interested in learning more about the CRB Monitor Securities Database? Visit our website to request more information and to  get in touch with our team.

The information provided herein presents general information and should not be relied on as legal advice. If you have specific questions regarding a fact, please consult with competent legal counsel about the facts and laws that apply.