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Cannabis-Linked Securities Update | Week of December 6, 2021
Published on December 14, 2021

CRB Monitor Securities Database Updates

During the week of Monday December 6, 2021, CRB Monitor’s research team made several updates to securities and added source documents and relevant news articles to the CRB Monitor database.

Summary of the updates for the Week of Monday December 6, 2021:

Tier

Total #

Active / Inactive

Added

Removed

Net Change

Tier 1A

106

88 / 18

+0 -0 +0

Tier 1B

685

577 / 108

+0 -1 -1

Tier 2

348

322 / 26

+1 -1 +0

Tier 3

566

547 / 19

+18

-1

+17

Total Issuances

1,705

1,534 / 171

+19

-3 +16

Total Issuers

1,392

-

+5

-3 +2

 

  • Removed 1 Tier 1B Security:
    • -1 = Remove from DB & Add to Exclusion List: “Emerald Health Therapeutics, Inc.” (Rationale = Explicitly announced "that it is exiting the recreational and medical cannabis business and pivoting to a pharmaceutical development focus.")
  • Added 1 Tier 2 Security & Removed 1 Tier 2 Security: 
    • +1 = New CRB (“Chicago Atlantic Real Estate Finance, Inc.”)

    • -1 = Remove from DB & Add to Watchlist: “Rich Pharmaceuticals, Inc.”
      (Rationale = Security revoked by SEC, no longer trades on any exchanges)
  • Added 18 Tier 3 Securities & Removed 1 Tier 3 Security:
    • +2 = New CRB (“Osotspa Public Company Limited”) - 2 Securities (2 Common)
    • +3 = New CRB (“Canaccord Genuity Group Inc.”) - 3 Securities (1 Common & 2 Preferred)
    • +3 = New CRB (“Cowen Inc.”) - 3 Securities (1 Common, 1 Preferred, & 1 Convertible Debt)
    • +10 = New CRB (“Bank of Montreal”) - 10 Securities (1 Common & 9 Preferred)

    • -1 = Remove from DB & Add to Watchlist: “Pura Naturals, Inc.”
      (Rationale = Security revoked by SEC, no longer trades on any exchanges)

All newly-identified CRBs during the week:

Company Name

Tier

Sector

Description

 

Chicago Atlantic Real Estate Finance, Inc.

(NASDAQ: REFI)

2 Financial Services

A commercial real estate finance company that invests primarily in first mortgage loans to state-licensed operators in the cannabis industry, secured by real estate, equipment, receivables, licenses or other assets of the borrowers. (Commenced trading on NASDAQ on Dec. 8th)

 

Osotspa Public Company Limited

(SET: OSP)

3 Food, Beverage & Tobacco

Thailand-based company engaged in the manufacture of sport drinks and personal care products; Entered the cannabis-infused drinks industry through a memorandum of understanding to jointly develop herbal and CBD-infused beverages. It currently has four active projects to develop premium CBD-related products.

 

Canaccord Genuity Group Inc.

(TSX: CF)

3 Financial Services

Canada-based financial services company; Provides financial advisory, M&A advisory, underwriting and other services to issuers that are involved with new and emerging industries, including the US cannabis industry.

 

Cowen Inc.

(NASDAQ: COWN)

3 Financial Services

Diversified financial services company headquartered in New York; Provides services to the cannabis industry. These services may include, but are not limited to, financial advisory, M&A advisory, underwriting and other investment services.

 

Bank of Montreal

(TSX: BMO)

3 Financial Services

Canada-based financial services provider; Provides services to the cannabis industry. These services may include, but are not limited to, lending, financial advisory, underwriting and other investment services.

 

 

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