---
title: Cannabis-Related Securities | Weekly Update | August 28 - September 3, 2023
description: Cannabis-Related Securities Update
image: https://www.crbmonitor.com/hubfs/cannabis-financial-banking-bill.jpg
---

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# RESOURCES | Data Updates | Securities

Cannabis-Related Securities | Weekly Update | August 28 - September 3, 2023

##### Published on September 7, 2023

**CRB Monitor Securities Database Updates **

During the week of August 28 - September 3, 2023, 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 28 - September 3, 2023**:

| **Tier** | **Total #** | **Active / Inactive / Pre-IPO** | **Added** | **Removed** | **Net Change** |
| --- | --- | --- | --- | --- | --- |
| **Tier 1A** | **147** | **122 / 23 / 2** | **+0** | **-0** | **+0** |
| **Tier 1B** | **725** | **571 / 152 / 2** | **+0** | **-2** | **-2** |
| **Tier 2** | **342** | **317 / 20 / 5** | **+0** | **-0** | **+0** |
| **Tier 3** | **502** | **474 / 27 / 1** | **+1** | **-0** | **+1** |
| **Total Issuances** | **1,716** | **1,484 / 222 / 10** | **+1** | **-2** | **-1** |
| **Total Issuers   (w/o Pre-IPOs)** | **1,290** | **-** | **+1** | **-2** | **-1** |
| **Total Issuers    ****(w/ Pre-IPOs)** | **1,300** | **-** | **+1** | **-2** | **-1** |

- **Removed 2 Tier 1B Securities:** 
    - -1 = Discarded Business Record from Database: (“Itoco Inc.”)  
          - Rationale: Itoco Inc. is a US-based biotechnology company focused on soil rehabilitation and biofuel production. Itoco was previously involved in the cannabis industry through an agreement to form a joint venture in Columbia for the purpose of cultivating cannabis. 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: (“Preferred Commerce Inc.”)  
          - Rationale: Preferred Commerce Inc. is a US-based company developing children's education and online gaming products. Preferred Commerce was previously involved in the cannabis industry through an agreement to form a joint venture in Belize for the purpose of cultivating cannabis. 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.
- **Added 1 Tier 3 Security:**  
    - +1 = New CRB: (“ADT Inc.”)

All **newly-identified CRBs during the week**:

| **Company Name** | **Tier** | **Pure-Play** | **Sector** | **Description** |
| --- | --- | --- | --- | --- |
| [ADT Inc.](https://www.adt.com/) ([NYSE: ADT](https://www.nyse.com/quote/XNYS:ADT)) | 3 | No | Professional Services | ADT Inc. is a provider of security, interactive, and smart home solutions serving residential, small business, and commercial customers in the United States. The Company is also a provider of residential solar solutions. According to ADT's website, the company provides services to the cannabis industry. "We offer a sophisticated suite of integrated security, fire, life safety and cash handling solutions to support the full spectrum of cannabis businesses." |

 

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