CRB Monitor Securities Database Updates
During the week of January 20 - 26, 2025, 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 January 20 - 26, 2025:
|
Tier |
Total # |
Active / Inactive / Pre-IPO |
Added |
Removed |
Net Change |
|
Tier 1A |
145 |
120 / 23 / 2 |
+0 | -1 | -1 |
|
Tier 1B |
703 |
552 / 149 / 2 |
+0 | -0 | +0 |
|
Tier 2 |
300 |
281 / 14 / 5 |
+1 | -0 | +1 |
|
Tier 3 |
460 |
432 / 27 / 1 |
+0 | -1 | -1 |
|
Total Issuances |
1,608 |
1,385 / 213 / 10 |
+1 | -2 | -1 |
|
Total Issuers (w/o Pre-IPOs) |
1,202 |
- |
+1 | -2 | -1 |
|
Total Issuers (w/ Pre-IPOs) |
1,212 |
- |
+1 | -2 | -1 |
Removed 1 Tier 1A Security:
- -1 = Tier Downgraded to Tier 2: (“Agrify Corporation”)
Added 1 Tier 2 Security:
- +1 = Tier Downgraded to Tier 2: (“Agrify Corporation”)
- Rationale = Agrify Corporation, based in the United States, is a developer of cultivation and extraction solutions for the cannabis industry. Additionally, Agrify manufactures hemp-derived beverages. Agrify previously held a license for the cultivation and production of industrial hemp. However, Agrify sold its cultivation business and related assets including equipment. As a result, Agrify no longer holds a cannabis license. Therefore, Agrify no longer qualifies for Tier 1A. Moving forward, Agrify will primarily focus on its hemp-derived beverages brand. Agrify’s involvement in the cannabis industry constitutes a substantial revenue source, relative to its overall business. Therefore, Agrify qualifies for Tier 2.
Removed 1 Tier 3 Security:
- -1 = Discarded Business Record: (“BWX Limited”)
- Rationale = BWX Limited, based in Australia, is a developer, manufacturer, distributor and marketer of skin/hair care products with a focus on the natural segment of the beauty/personal care market. The company was previously involved in the cannabis industry through the sale of hemp-infused beauty products. However, the company's security has been revoked/delisted and it no longer trades (previously traded on ASX). 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 |