CRB Monitor Securities Database Updates
During the week of May 2 - 8, 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 May 2 - 8, 2022:
|
Tier |
Total # |
Active / Inactive |
Added |
Removed |
Net Change |
|
Tier 1A |
146 |
124 / 19 / 3 |
+0 | -0 | +0 |
|
Tier 1B |
717 |
594 / 120 / 3 |
+1 | -0 | +1 |
|
Tier 2 |
369 |
339 / 26 / 4 |
+0 | -1 | -1 |
|
Tier 3 |
573 |
545 / 27 / 1 |
+3 | -2 | +1 |
|
Total Issuances |
1,805 |
1,602 / 192 / 11 |
+4 |
-3 | +1 |
|
Total Issuers (w/o Pre-IPOs) |
1,402 |
- |
+3 |
-2 | +1 |
|
Total Issuers (w/ Pre-IPOs) |
1,413 |
- |
+3 |
-2 | +1 |
- Added 1 Tier 1B Security:
- +1 = CRB Tier Upgraded to 1B (“Apple Rush Co., Inc.”)
- Rationale = Apple Rush Co., Inc. acquired Wild Organic Ancient Horticulture (WOAH), a privately-held hemp cultivator in Florida. Per WOAH's own admission, it is "one of the first licensed hemp cultivators in the state of Florida." WOAH is an organic no till farming operation. Apple Rush Co., Inc. also acquired Pursuit Hemp Farms, LLC, a proficient farming operation having 1,400 acres of cropland available, which has been growing high-quality hemp since 2018.
- +1 = CRB Tier Upgraded to 1B (“Apple Rush Co., Inc.”)
- Removed 1 Tier 2 Security:
- -1 = Removed Business from Database (“W World Corp.”)
- Rationale = W World Corp. was previously involved in the cannabis industry through the research and development of cannabinoid products. However, per its website (http://www.pharmoscorp.com/), the company terminated this program. There is no evidence to suggest that the company has any other connection to the cannabis industry.
- -1 = Removed Business from Database (“W World Corp.”)
- Added 3 Tier 3 Securities & Removed 2 Tier 3 Securities:
- +1 = New CRB (“Carmila S.A.”)
- +1 = New CRB (“DoorDash, Inc.”)
- +1 = New CRB (“East West Bancorp, Inc.”)
- -1 = CRB Tier Upgraded to 1B (“Apple Rush Co., Inc.”)
- -1 = Removed Business from Database (“HS GovTech Solutions Inc.”)
- Rationale = HS GovTech Solutions Inc. is a software and service provider. The company previously expressed interest in the cannabis regulation sector. The company announced it was exploring opportunities with multiple regulatory agencies that oversee and regulate cannabis producers. However, there has been no further news regarding this in over a year. The company has since changed its name and there is no evidence to suggest that it has any connection to the cannabis industry now.
All newly-identified CRBs during the week:
|
Company Name |
Tier |
Pure-Play | Sector |
Description |
| 3 | No | Traditional Retail | Carmila S.A. is a France-based company which owns and manages shopping centers; Carmila acquired a 35% stake in a CBD Retailer. | |
| 3 | No | IT Services & Software | DoorDash, Inc. is a technology company that connects consumers with their favorite businesses; DoorDash entered a partnership with Superette, a cannabis retail brand, to provide cannabis pickup ordering through the DoorDash app in Toronto, Canada. | |
| 3 | No | Financial Services | East West Bancorp, Inc. is a bank holding company that offers a range of banking services to individuals and businesses through its subsidiary, East West Bank, which agreed to participate in providing a $60 million credit facility to Public Tier 2 AFC Gamma, Inc., a company that lends to cannabis businesses. East West Bank said that it was running a small, invitation-only program for marijuana customers. |