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.”)
- -1 = CRB Tier Upgraded to Tier 1B: (“Hero Technologies 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.”)
- -1 = CRB Tier Upgraded to Tier 2: (“Greenbank Ventures Inc.”)
All newly-identified CRBs during the week:
Company Name |
Tier |
Pure-Play | Sector |
Description |
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. | |
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." |