---
title: Cannabis-Related Securities | Weekly Update | January 20 - 26, 2025
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 | January 20 - 26, 2025

##### Published on January 31, 2025

**CRB Monitor Securities Database Updates **

During the week of January 20 - 26, 2025, 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 January 20 - 26, 2025**:

| **Tier** | **Total #** | **Active / Inactive / Pre-IPO** | **Added** | **Removed** | **Net Change** |
| --- | --- | --- | --- | --- | --- |
| **Tier 1A** | **145** | **120 / 23 / 2** | **+0** | **-1** | **-1** |
| **Tier 1B** | **703** | **552 / 149 / 2** | **+0** | **-0** | **+0** |
| **Tier 2** | **300** | **281 / 14 / 5** | **+1** | **-0** | **+1** |
| **Tier 3** | **460** | **432 / 27 / 1** | **+0** | **-1** | **-1** |
| **Total Issuances** | **1,608** | **1,385 / 213 / 10** | **+1** | **-2** | **-1** |
| **Total Issuers   (w/o Pre-IPOs)** | **1,202** | **-** | **+1** | **-2** | **-1** |
| **Total Issuers    ****(w/ Pre-IPOs)** | **1,212** | **-** | **+1** | **-2** | **-1** |

 

**Removed 1 Tier 1A Security:**

- -1 = *Tier Downgraded to Tier 2*: (“Agrify Corporation”)

**Added 1 Tier 2 Security:**

- +1 = *Tier Downgraded to Tier 2*: (“Agrify Corporation”) 
    - Rationale = Agrify Corporation, based in the United States, is a developer of cultivation and extraction solutions for the cannabis industry. Additionally, Agrify manufactures hemp-derived beverages. Agrify previously held a license for the cultivation and production of industrial hemp. However, Agrify sold its cultivation business and related assets including equipment. As a result, Agrify no longer holds a cannabis license. Therefore, Agrify no longer qualifies for Tier 1A. Moving forward, Agrify will primarily focus on its hemp-derived beverages brand. Agrify’s involvement in the cannabis industry constitutes a substantial revenue source, relative to its overall business. Therefore, Agrify qualifies for Tier 2.

**Removed 1 Tier 3 Security:**

- -1 =  Discarded Business Record: (“BWX Limited”) 
    - Rationale = BWX Limited, based in Australia, is a developer, manufacturer, distributor and marketer of skin/hair care products with a focus on the natural segment of the beauty/personal care market. The company was previously involved in the cannabis industry through the sale of hemp-infused beauty products. However, the company's security has been revoked/delisted and it no longer trades (previously traded on ASX). 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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