RESOURCES | Data Updates | Securities

Cannabis-Linked Securities | Weekly Update | October 17 - 23, 2022
Published on October 25, 2022

CRB Monitor Securities Database Updates

During the week of October 17 - 23, 2022, CRB Monitor’s research team made several updates to securities’ information and added source documents & relevant news articles to the CRB Monitor database.

Summary of the updates for the Week of October 17 - 23, 2022:

Tier

Total #

Active / Inactive

Added

Removed

Net Change

Tier 1A

151

127 / 22 / 2

+0 -0 +0

Tier 1B

724

592 / 130 / 2

+1 -0 +1

Tier 2

356

331 / 22 / 3

+1 -1 +0

Tier 3

549

520 / 28 / 1

+2 -1 +1

Total Issuances

1,780

1,570 / 202 / 8

+4 -2 +2

Total Issuers   (w/o Pre-IPOs)

1,379

-

+2 -0 +2

Total Issuers    (w/ Pre-IPOs)

1,389

-

+2 -0 +2

  • Added 1 Tier 1B Security:
    • +1 = CRB Tier Upgraded to Tier 1B: (“Hero Technologies Inc.”)
  • Added 1 Tier 2 Security & Removed 1 Tier 2 Security:
    • -1 = CRB Tier Upgraded to Tier 1B: (“Hero Technologies Inc.”)
      • Rationale = Hero Technologies Inc.’s subsidiary, Blackbox Systems and Technologies, LLC, has acquired statewide pre-qualification (pre-license) approval for Adult (recreational) and Medicinal Use cannabis licenses in Michigan. Additionally, Blackbox has applied for a license to build and operate a cannabis growing facility in Vassar Township, Michigan.
    • +1 = CRB Tier Upgraded to Tier 2: (“Greenbank Ventures Inc.”)
  • Added 2 Tier 3 Securities & Removed 1 Tier 3 Security:
    • -1 = CRB Tier Upgraded to Tier 2: (“Greenbank Ventures Inc.”) 
      • Rationale = There is no evidence to suggest that the company directly or indirectly (1) holds a cannabis license and/or (2) engages in "plant-touching" operations. Additionally, the company's involvement in the cannabis industry (1) constitutes a substantial revenue source, relative to its overall business and/or (2) the company commits, intends or focuses on cannabis becoming a substantial revenue source. Therefore, qualifies for Tier 2.
    • +1 = New CRB: (“KRTL Holding Group, Inc.”)
    • +1 = New CRB: (“Bioceres Crop Solutions Corp.”)

All newly-identified CRBs during the week:

Company Name

Tier

Pure-Play Sector

Description

KRTL Holding Group, Inc.

(OTC Pink: KRTL)

3 No Pharma & Biotech KRTL Holding Group, Inc. is a holding company interested in diversifying risk and accessing new markets. KRTL International Corp., a wholly-owned subsidiary, announced it has formed a global strategic alliance with publicly-traded Cannabis Global, Inc., focusing on one of the fastest growing areas of the hemp and cannabis marketplaces: infusion technologies including, water soluble formulations to be used in a host of commercial products. The new relationship between the companies will also include other areas of research and development specific to hemp and cannabis consumer products.

Bioceres Crop Solutions Corp.

(NASDAQ: BIOX)

3 No Fertilizers & Agricultural Chemicals Bioceres Crop Solutions Corp. is a fully integrated provider of crop productivity technologies. Bioceres completed a merger with former publicly-traded Marrone Bio Innovations, Inc., whereby Marrone will continue to operate its existing lines of business and products under the name ProFarm as a wholly-owned subsidiary of Bioceres. Marrone offers bio-based pest management and plant health products. Marrone has products that are sold to the fast-growing cannabis market, "we have set up several specialty distributors and expect to add more."

 

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