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Cannabis-Linked Securities | Weekly Update | September 26 - October 2, 2022
Published on October 4, 2022

CRB Monitor Securities Database Updates

During the week of September 26 - October 2, 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 September 26 - October 2, 2022:

Tier

Total #

Active / Inactive

Added

Removed

Net Change

Tier 1A

151

128 / 21 / 2

+0 -0 +0

Tier 1B

723

592 / 128 / 3

+2 -0 +2

Tier 2

362

336 / 22 / 4

+2 -0 +2

Tier 3

560

530 / 29 / 1

+0 -4 -4

Total Issuances

1,796

1,586 / 200 / 10

+4 -4 +0

Total Issuers   (w/o Pre-IPOs)

1,387

-

+0 -4 -4

Total Issuers    (w/ Pre-IPOs)

1,397

-

+0 -4 -4

  • Added 2 Tier 1B Securities:
    • +2 = 2 New Convertible Debt Securities Added to Existing Issuer: (“CLS Holdings USA, Inc.”)
  • Added 2 Tier 2 Securities:
    • +2 = 2 New Convertible Debt Securities Added to Existing Issuer: (“IIP Operating Partnership, LP”)
  • Removed 4 Tier 3 Securities:
    • -1 = Discarded Business Record from Database: (“Medifirst Solutions, Inc.”)
      • Rationale = Medifirst Solutions is a development-stage company engaged in developing medical devices. Medifirst previously announced plans to launch a new division to focus on all natural organic products, included CBD-infused products. However, the company's security has been revoked and delisted. This is a business without any connection to (1) a cannabis license/"plant-touching" operation, (2) a Tier 1 CRB, and/or (3) a publicly-traded CRB. Therefore, this business no longer qualifies for inclusion.
    • -1 = Discarded Business Record from Database: (“Metaverse Capital Corp.”)
      • Rationale = Metaverse Capital is a Canada-based technology company which previously announced the launch of “Highmiles,” a social community website focusing on cannabis-related topics. However, it has been over a year since there has been any mention of cannabis in connection with this company, or any other news for that matter. There is no evidence to suggest that this company is still actively engaged in the cannabis industry. The company's website is dead. As a result, this business no longer qualifies for inclusion.
    • -1 = Discarded Business Record from Database: (“MJ Biotech, Inc.”)
      • Rationale = MJ Biotech offers healthcare solutions ranging from cutting edge to traditional options. The company previously entered into an agreement to acquire a CBD company. However, the company's security has been revoked and delisted. This is a business without any connection to (1) a cannabis license/"plant-touching" operation, (2) a Tier 1 CRB, and/or (3) a publicly-traded CRB. Therefore, this business no longer qualifies for inclusion.
    • -1 = Discarded Business Record from Database: (“Lumiera Health Inc.”)
      • Rationale = Lumiera Health is a Canada-based natural health products company which previously announced plans for the development of products focusing on the endocannabinoid system. However, the company has explicitly stated that its products are made “without the use of cannabis.” There is no evidence to suggest that this company is still actively engaged in the cannabis industry. As a result, this business no longer qualifies for inclusion.

All newly-identified CRBs during the week:

Company Name

Tier

Pure-Play Sector

Description

N/A

N/A N/A N/A N/A

 

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