CRB Monitor Securities Database Updates
During the week of August 7 - 13, 2023, 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 7 - 13, 2023:
|
Tier |
Total # |
Active / Inactive / Pre-IPO |
Added |
Removed |
Net Change |
|
Tier 1A |
147 |
122 / 23 / 2 |
+0 | -0 | +0 |
|
Tier 1B |
728 |
574 / 152 / 2 |
+1 | -1 | +0 |
|
Tier 2 |
342 |
317 / 20 / 5 |
+1 | -0 | +1 |
|
Tier 3 |
502 |
474 / 27 / 1 |
+0 | -0 | +0 |
|
Total Issuances |
1,719 |
1,487 / 222 / 10 |
+2 | -1 | +1 |
|
Total Issuers (w/o Pre-IPOs) |
1,293 |
- |
+1 | -0 | +1 |
|
Total Issuers (w/ Pre-IPOs) |
1,303 |
- |
+1 | -0 | +1 |
- Added 1 Tier 1B Security & Removed 1 Tier 1B Security:
- +1 = New CRB: (“Pineapple Express Cannabis Company”)
- -1 = CRB Tier Downgraded to Tier 2: (“Pineapple, Inc.”)
- Added 1 Tier 2 Security:
- +1 = CRB Tier Downgraded to Tier 2: (“Pineapple, Inc.”)
- Rationale: Pineapple, Inc. is a California cannabis company which disposed of its only “plant-touching” asset (i.e., ownership in a licensed California cannabis dispensary). Pineapple, Inc. has explicitly stated that it will now focus on non-plant touching activities, such as leases to licensed cannabis operators, online and in-store hemp-derived CBD transactions, and cannabis business licensing and consulting services. As a result, downgrading to Tier 2.
- +1 = CRB Tier Downgraded to Tier 2: (“Pineapple, Inc.”)
All newly-identified CRBs during the week:
|
Company Name |
Tier |
Pure-Play | Sector |
Description |
| 1B | Yes | Owner/ Investor | Pineapple Express Cannabis Company (OTC: PNXP) is based in Los Angeles, California. The Company's operating subsidiary, Ananas Growth Ventures, serves as an incubator, helping early-stage ventures and startups in the cannabis sector through funding, mentoring, and training. The Company is engaged in legal cannabis retail under the brand name of Pineapple Express though its 50% owned asset, Pineapple Consolidated Inc. (pineappleconsolidated.com), which owns and manages retail cannabis ventures under the Pineapple Express name and via www.PineappleExpress.com. Pineapple Consolidated seeks to become the leading portfolio management company in the U.S. cannabis industry. With its headquarters in Los Angeles, California, Pineapple Express is rapidly increasing its footprint throughout the state and looking to scale into underdeveloped markets. The Company works closely with another public company, Pineapple, Inc. (OTC: PNPL), which procures and leases properties to licensed cannabis operators, provides nationwide hemp-derived CBD sales via online and in-store transactions, and offers cannabis business licensing and consulting services. |