RESOURCES | Data Updates | Securities

Cannabis-Related Securities | Weekly Update | August 19 - 25, 2024
Published on August 28, 2024

CRB Monitor Securities Database Updates

During the week of August 19 - 25, 2024, 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 19 - 25, 2024:

Tier

Total #

Active / Inactive / Pre-IPO

Added

Removed

Net Change

Tier 1A

146

121 / 23 / 2

+0 -0 +0

Tier 1B

707

556 / 149 / 2

+0 -0 +0

Tier 2

307

288 / 14 / 5

+0 -0 +0

Tier 3

476

448 / 27 / 1

+0 -2 -2

Total Issuances

1,636

1,413 / 213 / 10

+0 -2 -2

Total Issuers   (w/o Pre-IPOs)

1,227

-

+0 -2 -2

Total Issuers    (w/ Pre-IPOs)

1,237

-

+0 -2 -2

 

Removed 2 Tier 3 Securities:

  • -1 = Discarded Business Record: (“ICC Holdings, Inc.”)
    • Rationale = ICC Holdings, Inc., based in the U.S., is a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, worker's compensation, and umbrella liability coverages for the food and beverage industry. The company also provides real estate services. ICC Holdings previously offered and provided insurance policies to cannabis-related businesses in states that allowed for recreational cannabis consumption. However, it has been over two years 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: (“Labomar S.p.A.”)
    • Rationale = Labomar S.p.A. was an Italy-based company which produced various dietary/food supplements and nutraceuticals. Labomar previously conducted testing using cannabis extracts/derivatives. However, the company's security has been revoked/delisted and it no longer trades. As a result, the company is now private. This is a business without any connection to (1) a cannabis license/"plant-touching" operation, (2) a Tier 1 CRB, and/or (3) a publicly-traded CRB. Therefore, 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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