RESOURCES | Data Updates | Securities

Cannabis-Related Securities | Weekly Update | August 12 - 18, 2024
Published on August 23, 2024

CRB Monitor Securities Database Updates

During the week of August 12 - 18, 2024, 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 August 12 - 18, 2024:

Tier

Total #

Active / Inactive / Pre-IPO

Added

Removed

Net Change

Tier 1A

146

121 / 23 / 2

+0 -0 +0

Tier 1B

707

556 / 149 / 2

+0 -0 +0

Tier 2

307

288 / 14 / 5

+0 -4 -4

Tier 3

478

450 / 27 / 1

+0 -1 -1

Total Issuances

1,638

1,415 / 213 / 10

+0 -5 -5

Total Issuers   (w/o Pre-IPOs)

1,229

-

+0 -2 -2

Total Issuers    (w/ Pre-IPOs)

1,239

-

+0 -2 -2

 

Removed 4 Tier 2 Securities:

  • -4 = Discarded Business Record: (“Ackrell SPAC Partners I Co.”) - 1 Issuer with 4 Issuances (1 Common, 1 Warrant & 2 Units)
    • Rationale = Ackrell SPAC Partners I Co. was a U.S.-based blank check company/SPAC which sought to complete a qualifying transaction. Ackrell planned to enter the cannabis industry with a focus on hemp-derived consumer goods, particularly beverages and wellness products. However, Ackrell failed to complete a qualifying transaction and was delisted from NASDAQ. As a result, the company is now private. 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.

Removed 1 Tier 3 Security:

  • -1 = Discarded Business Record: (“Ngen Technologies Holdings Corp.”)
    • Rationale = Ngen Technologies Holdings Corp. was a U.S.-based holding company which developed/marketed biomedical scanning systems and 3D mobile displays. Ngen previously entered into an agreement to acquire a private U.S.-based electronic cigarette and vaporizer company which also distributed cannabidiol (CBD) products. However, the company's security has been revoked/delisted and it no longer trades. As a result, the company is now private. 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.

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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