CRB Monitor Securities Database Updates
During the week of August 5 - 11, 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 5 - 11, 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 |
311 |
291 / 15 / 5 |
+0 | -2 | -2 |
|
Tier 3 |
479 |
451 / 27 / 1 |
+2 | -0 | +2 |
|
Total Issuances |
1,643 |
1,419 / 214 / 10 |
+2 | -2 | +0 |
|
Total Issuers (w/o Pre-IPOs) |
1,231 |
- |
+2 | -2 | +0 |
|
Total Issuers (w/ Pre-IPOs) |
1,241 |
- |
+2 | -2 | +0 |
Removed 2 Tier 2 Securities:
- -1 = Tier Downgraded to Tier 3: (“GPO Plus, Inc.”)
- -1 = Tier Downgraded to Tier 3: (“Bettermoo(d) Food Corporation”)
Added 2 Tier 3 Securities:
- +1 = Tier Downgraded to Tier 3: (“GPO Plus, Inc.”)
- Rationale = GPO Plus, Inc. is a United States-based holding company. GPO Plus manufactures and distributes consumer products to convenience stores, gas stations, and specialty retailers. GPO Plus operates cbdGPO, a group purchasing organization for the CBD and Hemp industry. Through cbdGPO, the company offers a variety of hemp-derived products. However, GPO Plus is continuing to expand its product line outside of cannabis. As a result, GPO Plus’ involvement in the cannabis industry no longer constitutes a substantial revenue source, relative to its overall business. Therefore, qualifies for Tier 3.
- +1 = Tier Downgraded to Tier 3: (“Bettermoo(d) Food Corporation”)
- Rationale = Bettermoo(d) Food Corporation is a Canadian beverage company offering a variety of products through online and in-store retail platforms. The company, through its subsidiary, provides high-quality CBD beverages. However, the company has recently expanded its product line with a new focus on plant-based dairy alternative foods and beverages. As a result, the company’s involvement in the cannabis industry no longer constitutes a substantial revenue source, relative to its overall business. Therefore, qualifies for Tier 3.
All newly-identified CRBs during the week:
|
Company Name |
Tier |
Pure-Play | Sector |
Description |
|
N/A |
N/A | N/A | N/A | N/A |