RESOURCES | Data Updates | Securities

Cannabis-Linked Securities | Weekly Update | August 15 - 21, 2022
Published on August 23, 2022

CRB Monitor Securities Database Updates

During the week of August 15 - 21, 2022, 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 15 - 21, 2022:

Tier

Total #

Active / Inactive

Added

Removed

Net Change

Tier 1A

149

126 / 21 / 2

+1 -0 +1

Tier 1B

721

591 / 127 / 3

+0 -0 +0

Tier 2

365

339 / 22 / 4

+0 -1 -1

Tier 3

568

539 / 28 / 1

+1 -0 +1

Total Issuances

1,803

1,595 / 198 / 10

+2 -1 +1

Total Issuers   (w/o Pre-IPOs)

1,403

-

+1 -0 +1

Total Issuers    (w/ Pre-IPOs)

1,413

-

+1 -0 +1

  • Added 1 Tier 1A Security:
    • +1 = Tier Upgrade from Tier 2 (“Global Compliance Applications Corp.”)
      • Rationale = Global Compliance Applications Corp. directly received a Health Canada license for the sale of medical cannabis.
  • Removed 1 Tier 2 Security:
    • -1 = Tier Upgrade to Tier 1A (“Global Compliance Applications Corp.”)
  • Added 1 Tier 3 Security:
    • +1 = New CRB (“OneWater Marine Inc.”)

All newly-identified CRBs during the week:

Company Name

Tier

Pure-Play Sector

Description

OneWater Marine Inc.

(NASDAQ: ONEW)

3 No Fertilizers & Agricultural Chemicals

OneWater Marine Inc. is one of the largest premium marine retailers in the United States offering a broad range of products and services and has diversified revenue streams. OneWater acquired Ocean Bio-Chem, Inc. which manufactures, markets and distributes a line of disinfectant, sanitizing and deodorizing products under the PERFORMACIDE brand.

Ocean Bio-Chem announced that it is "excited to see that the private-label version of PERFORMACIDE is outperforming our projections in the cannabis market. The product line, along with its counterparts under the OdorStar family of products, have become indispensable to cultivators across the continent, aiding in maintaining optimal air and surface quality to maximize crop yields, product quality, and profits for the growers. As the adoption of legal cannabis spreads across the country we're also hoping for continued adoption of our product line in this industry."

 

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