CRB Monitor Securities Database Updates
During the week of September 18 - 24, 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 September 18 - 24, 2023:
|
Tier |
Total # |
Active / Inactive / Pre-IPO |
Added |
Removed |
Net Change |
|
Tier 1A |
149 |
124 / 23 / 2 |
+2 | -0 | +2 |
|
Tier 1B |
722 |
568 / 152 / 2 |
+1 | -0 | +1 |
|
Tier 2 |
342 |
317 / 20 / 5 |
+0 | -0 | +0 |
|
Tier 3 |
500 |
472 / 27 / 1 |
+1 | -3 | -2 |
|
Total Issuances |
1,713 |
1,481 / 222 / 10 |
+4 | -3 | +1 |
|
Total Issuers (w/o Pre-IPOs) |
1,291 |
- |
+2 | -1 | +1 |
|
Total Issuers (w/ Pre-IPOs) |
1,301 |
- |
+2 | -1 | +1 |
- Added 2 Tier 1A Securities:
- +1 = New Security (Convertible Debt) Added to Existing Issuer: (“Aurora Cannabis Inc.”)
- +1 = New Security (Convertible Debt) Added to Existing Issuer: (“The Cannabist Company Holdings Inc.”)
- Added 1 Tier 1B Security:
- +1 = New CRB: (“Subversive Cannabis ETF”)
- Added 1 Tier 3 Security & Removed 3 Tier 3 Securities:
- +1 = New CRB: (“Toronto-Dominion Bank”)
- -3 = Discarded Business Record from Database: (“Cowen Inc.”) – 1 Company with 3 Securities (1 Common, 1 Preferred & 1 Convertible Debt)
- Rationale = Cowen Inc. was previously a publicly-traded diversified financial services company which provided services to the cannabis industry. However, Cowen was acquired by publicly-traded Toronto-Dominion Bank (TD Bank). As a result, Cowen's shares were delisted and the company ceased to be a reporting issuer. Given that Cowen is no longer publicly-traded, the company no longer qualifies for inclusion.
All newly-identified CRBs during the week:
|
Company Name |
Tier |
Pure-Play | Sector |
Description |
| 1B | Yes | ETF - Cannabis-Themed | The Subversive Cannabis ETF (Ticker: LGLZ) is an actively-managed fund that invests in companies that it believes will thrive as the legal marijuana industry expands. "LGLZ is a call to action, not a prediction." It believes that some federal action will afford cannabis banking and interstate commerce within the next few years, which it believes will trigger institutional capital flooding the market and a massive tide for cannabis valuations. The fund's constituents include companies that derive at least 50% of their net revenue from legal THC-related sales, with a particular focus on companies with cash flow from operations. | |
|
(TSX: TD) |
3 | No | Financial Services | Toronto-Dominion Bank (TD Bank) operates as a bank in North America. The Bank's segments include Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. Toronto-Dominion Bank, through a division of its subsidiary (TD Cowen), provides various financial services to the cannabis industry. |