CRB Monitor Securities Database Updates
During the week of Monday February 14, 2022, CRB Monitor’s research team made several updates to securities and added source documents and relevant news articles to the CRB Monitor database.
Summary of the updates for the Week of Monday February 14, 2022:
|
Tier |
Total # |
Active / Inactive |
Added |
Removed |
Net Change |
|
Tier 1A |
107 |
89 / 18 |
+0 | -0 | +0 |
|
Tier 1B |
689 |
584 / 105 |
+1 | -4 | -3 |
|
Tier 2 |
356 |
331 / 25 |
+1 | -0 | +1 |
|
Tier 3 |
574 |
552 / 22 |
+0 | -0 | +0 |
|
Total Issuances |
1,726 |
1,556 / 170 |
+2 |
-4 | -2 |
|
Total Issuers |
1,403 |
- |
+1 |
-4 | -3 |
- Added 1 Tier 1B Security & Removed 4 Tier 1B Securities:
- +1 = New Security (Convertible Debt) Added to Existing CRB (“SugarBud Craft Growers Corp.”)
- -1 = Removed from Database & Added to Watchlist (“PowerTap Hydrogen Capital Corp.”)
- Rationale = PowerTap Hydrogen Capital Corp.'s only connection to the cannabis industry was through its investment in publicly-traded CRB "Agra Ventures Ltd." (formerly AgraFlora Organics International Inc.). However, PowerTap Hydrogen Capital sold its stake in Agra Ventures. There is no evidence to suggest that PowerTap Hydrogen Capital Corp. has any other connection to the cannabis industry.
- -1 = Removed from Database & Added to Watchlist (“Grand Peak Capital Corp.”)
- Rationale = Grand Peak Capital Corp. had stated an intent to invest in companies "growing hemp on land in Canada and the USA." However, the last time this intent had been stated was in January 2021. There hasn't been any further cannabis-related news since. The company's website (https://www.grandpeakcapital.com/) does not mention cannabis. There is no evidence to suggest that Grand Peak has any other connection to the cannabis industry.
- -1 = Removed from Database (“Evolve Marijuana ETF”)
- Rationale = Evolve Marijuana ETF has been terminated, shut down, and closed. It has been delisted and no longer exists.
- -1 = Removed from Database (“Evolve U.S. Marijuana ETF”)
- Rationale = Evolve U.S. Marijuana ETF has been terminated, shut down, and closed. It has been delisted and no longer exists.
- Added 1 Tier 2 Security:
- +1 = New CRB (“Pervasip Corp.”)
- +1 = New CRB (“Pervasip Corp.”)
All newly-identified CRBs during the week:
|
Company Name |
Tier |
Sector |
Description |
| 2 | Professional Services |
Pervasip Corp. is a developer of companies and technologies in high value emerging markets. Pervasip's subsidiary, Grow Big Supply, provides agricultural and horticultural grow supplies, advice and consultation for marijuana growers. Pervasip owns Artizen Corporation and its subsidiary, Zen Asset Management LLC, a diversified asset management company founded to acquire, develop, and support companies and technologies in the cannabis industry. Zen Asset's existing clients operate four licensed cannabis cultivation and one processing facility in Washington State. |