RESOURCES | Cannabis Securities News

Cannabis-Linked Securities | Weekly Update | June 20 - 26, 2022
Published on June 28, 2022

CRB Monitor Securities Database Updates

During the week of June 20 - 26, 2022, 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 June 20 - 26, 2022:

Tier

Total #

Active / Inactive

Added

Removed

Net Change

Tier 1A

148

125 / 21 / 2

+0 -0 +0

Tier 1B

720

594 / 123 / 3

+0 -0 +0

Tier 2

365

339 / 22 / 4

+0 -1 -1

Tier 3

569

543 / 25 / 1

+0 -1 -1

Total Issuances

1,802

1,601 / 191 / 10

+0 -2 -2

Total Issuers   (w/o Pre-IPOs)

1,400

-

+0 -2 -2

Total Issuers    (w/ Pre-IPOs)

1,410

-

+0 -2 -2

 

  • Removed 1 Tier 2 Security:
    • -1 = Removed CRB from Database (“Hemp for Health Inc.”)
      • Rationale = Hemp for Health Inc. was previously involved in the cannabis industry through the production of CBD/hemp-based products. However, the company completed a "change of business" and was renamed "Yellow Stem Tech Inc." The company is now focused solely on cryptocurrency, with a specific focus on "mining a non-traditional cryptocurrency, Siacoin." Per its own admission, the company "will be changing its business from growing and processing hemp to mining for cryptocurrencies." As a result, the company no longer has any connection to the cannabis industry and no longer qualifies as a CRB.
  • Removed 1 Tier 3 Security:
    • -1 = Removed CRB from Database (“Timia Capital Corp.”)
      • Rationale = Timia Capital Corp. was previously involved in the cannabis industry through an investment/financing facility for a developer of a POS and inventory management platform designed to streamline cannabis retail. However, Timia Capital has since changed its name to "Montfort Capital Corp." and there is no evidence to suggest that it has any connection to the cannabis industry at this point in time. As a result, the company no longer qualifies as a CRB.

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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