RESOURCES | Cannabis Securities News

Cannabis-Linked Securities | Weekly Update | December 19 - 25, 2022
Published on December 29, 2022

CRB Monitor Securities Database Updates

During the week of December 19 - 25, 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 December 19 - 25, 2022:

Tier

Total #

Active / Inactive / Pre-IPO

Added

Removed

Net Change

Tier 1A

152

128 / 22 / 2

+0 -0 +0

Tier 1B

725

589 / 134 / 2

+2 -1 +1

Tier 2

357

332 / 22 / 3

+0 -0 +0

Tier 3

515

486 / 28 / 1

+0 -4 -4

Total Issuances

1,749

1,535 / 206 / 8

+2 -5 -3

Total Issuers   (w/o Pre-IPOs)

1,344

-

+0 -5 -5

Total Issuers    (w/ Pre-IPOs)

1,354

-

+0 -5 -5

  • Added 2 Tier 1B Securities & Removed 1 Tier 1B Security:
    • +2 = Two New Securities (Debentures) Added to Existing Issuer: (“Jushi Holdings Inc.”)
    • -1 = Discarded Business Record from Database: (“Chemesis International, Inc.”)
      • Rationale = At the end of November 2022, Chemesis International, Inc. announced that it had completed a change of business from the cannabis industry to the business of mineral exploration and development, with a focus on mineral properties in North America. The company subsequently changed its name to "Refined Metals Corp." There is no evidence to suggest that this company is still actively engaged in the cannabis industry. As a result, this business no longer qualifies for inclusion.
  • Removed 4 Tier 3 Securities:
    • -1 = Discarded Business Record from Database: (“Harrys Manufacturing Inc.”) 
      • Rationale = Harrys Manufacturing Inc. is a Canada-based company that is engaged in the sale and distribution of tobacco cigarettes. Harrys was previously involved in the cannabis industry through an agreement to co-develop hemp-related products including pre-rolled hemp cigarettes. However, it has been over a year since there has been any mention of cannabis in connection with this company. There is no evidence to suggest that this company is still actively engaged in the cannabis industry. As a result, this business no longer qualifies for inclusion.
    • -1 = Discarded Business Record from Database: (“Predictiv AI Inc.”) 
      • Rationale = Predictiv AI Inc. is a Canada-based technology company which provides software and solutions including artificial intelligence. Predicitv AI was previously involved in the cannabis industry through the development of “a secure and immutable platform to establish global certainty for cannabis strains and their ownership.” However, it has been over a year since there has been any mention of cannabis in connection with this company. There is no evidence to suggest that this company is still actively engaged in the cannabis industry. As a result, this business no longer qualifies for inclusion.
    • -1 = Discarded Business Record from Database: (“Precigen, Inc.”) 
      • Rationale = Precigen, Inc. is a US-based synthetic biology company with a primary focus on gene and cellular therapies. Precigen was previously involved in the cannabis industry through an agreement to develop cannabinoid-based wellness products along with a tissue culture technology to aid in cannabis cultivation. However, it has been over a year since there has been any mention of cannabis in connection with this company. There is no evidence to suggest that this company is still actively engaged in the cannabis industry. As a result, this business no longer qualifies for inclusion.
    • -1 = Discarded Business Record from Database: (“Data443 Risk Mitigation, Inc.”) 
      • Rationale = Data443 Risk Mitigation, Inc. is a US-based data security and privacy software company which provides cybersecurity software and services. Data443 was previously involved in the cannabis industry through the provision of identity governance and privacy software to cannabis businesses. However, it has been over a year since there has been any mention of cannabis in connection with this company. There is no evidence to suggest that this company is still actively engaged in the cannabis industry. As a result, 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

 

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