UPDATE to CRB Monitor Securities Rules - For Israeli (TASE-listed) companies: If an Israel-domiciled company dually lists on the TASE and a US exchange (either NYSE or Nasdaq), the US listing will be used as the Primary Exchange. (Companies affected by this change = "Evogene Ltd." & "InterCure Ltd")
CRB Monitor Securities Database Updates
During the week of Monday March 7, 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 March 7, 2022:
|
Tier |
Total # |
Active / Inactive |
Added |
Removed |
Net Change |
|
Tier 1A |
108 |
89 / 19 |
+0 | -0 | +0 |
|
Tier 1B |
686 |
579 / 107 |
+1 | -2 | -1 |
|
Tier 2 |
357 |
332 / 25 |
+0 | -1 | -1 |
|
Tier 3 |
573 |
551 / 22 |
+1 | -3 | -2 |
|
Total Issuances |
1,724 |
1,551 / 173 |
+2 |
-6 | -4 |
|
Total Issuers |
1,399 |
- |
+2 |
-6 | -4 |
- Added 1 Tier 1B Security & Removed 2 Tier 1B Securities:
- +1 = New CRB (“Ancillary Cannabis Index”)
- -1 = Removed from Database (“Nebu Resources Inc.”)
- Rationale = There is no evidence to suggest that Nebu Resources Inc. is currently trading. Nebu Resources previously traded on the TSXV. However, Nebu Resources is no longer listed on the TSXV. There is no evidence to suggest that Nebu Resources is listed or trading anywhere else. The company's website is dead. Nebu Resources Inc. no longer appears to be operational.
- -1 = Removed from Database (“Empower Clinics Inc.”)
- Rationale = Empower Clinics Inc. completed the sale of its cannabis-related assets. The company completed the divestment of its legacy cannabis assets. Per its own admission, the company will now "fully focus on its integrated healthcare business." As a result, Empower Clinics Inc. no longer has any connection to the cannabis industry.
- Removed 1 Tier 2 Security:
- -1 = Removed from Database (“Global Trac Solutions, Inc.”)
- Rationale = Global Trac Solutions, Inc. was previously involved in the cannabis industry as a provider of software and payment processing solutions. However, the company changed its name to "PSYC Corporation" and will now focus on psychedelics. As a result, the company no longer has any connection to the cannabis industry.
- -1 = Removed from Database (“Global Trac Solutions, Inc.”)
- Added 1 Tier 3 Security & Removed 3 Tier 3 Securities:
- +1 = New CRB (“iPower, Inc.”)
- -1 = Removed from Database (“Sequential Brands Group, Inc.”)
- Rationale = There is no evidence to suggest that Sequential Brands Group, Inc. is currently trading. Sequential Brands previously traded on the OTC Markets. However, Sequential Brands is no longer listed on OTC. There is no evidence to suggest that Sequential Brands is listed or trading anywhere else. The company faced allegations of fraud and subsequently filed for bankruptcy with plans to liquidate.
- -1 = Removed from Database (“Water Technologies International, Inc.”)
- Rationale = Water Technologies International, Inc. was previously involved in the cannabis industry through a CBD-infused water product. However, per its own admission, "the company has discontinued its Hemp CBD business as the industry becomes a crowded space." There is no evidence to suggest that this company has any other connection to the cannabis industry.
- -1 = Removed from Database (“ISW Holdings Inc.”)
- Rationale = ISW Holdings Inc. was formerly involved in the cannabis industry through CBD health and wellness solutions. However, the last mention of this was in May 2020. The company changed its name to "BlockQuarry Corp." and is now focusing on "cryptocurrency hosting and mining operations." There is no evidence to suggest that the company has any connection to the cannabis industry now.
All newly-identified CRBs during the week:
|
Company Name |
Tier |
Sector |
Description |
| 3 | Agricultural & Farm Machinery |
One of the leading online retailers and suppliers of hydroponics equipment and accessories; Per its own admission, "We sell products, including hydroponic gardening products, that end users may purchase for use in new and emerging industries or segments, including the growing of cannabis and hemp." "We believe certain unknown number of our end users are in the business of growing cannabis." "Our gardening products, including our hydroponic gardening products, are multi-purpose products designed and intended for growing a wide range of plants and are purchased by cultivators who may grow any variety of plants, including cannabis and hemp." |
|
| 1B | Index |
Launched on 3/31/21, the Ancillary Cannabis Index includes companies that provide goods and services to cannabis operators. |