CRB Monitor Securities Database Updates
During the week of January 22 - 28, 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 January 22 - 28, 2024:
|
Tier |
Total # |
Active / Inactive / Pre-IPO |
Added |
Removed |
Net Change |
|
Tier 1A |
146 |
121 / 23 / 2 |
+0 | -0 | +0 |
|
Tier 1B |
714 |
562 / 150 / 2 |
+1 | -2 | -1 |
|
Tier 2 |
325 |
305 / 15 / 5 |
+0 | -0 | +0 |
|
Tier 3 |
494 |
466 / 27 / 1 |
+0 | -0 | +0 |
|
Total Issuances |
1,679 |
1,454 / 215 / 10 |
+1 | -2 | -1 |
|
Total Issuers (w/o Pre-IPOs) |
1,265 |
- |
+1 | -2 | -1 |
|
Total Issuers (w/ Pre-IPOs) |
1,275 |
- |
+1 | -2 | -1 |
Added 1 Tier 1B Security & Removed 2 Tier 1B Securities:
- +1 = New CRB: (“AdvisorShares MSOS 2x Daily ETF”)
- -1 = Discarded Business Record from Database: (“Centurion Minerals Ltd.”)
- Rationale = Centurion Minerals Ltd. is a Canada-based company focused on mineral asset exploration. The company, through its subsidiary, was previously involved in the development of cannabis-infused beverages and extraction of hemp-derived cannabidiol (CBD). However, the company has sold off/spun out all of it cannabis-related assets. As a result, this business does not have any connection to the cannabis industry. Therefore, this business no longer qualifies for inclusion.
- -1 = Discarded Business Record from Database: (“NewBridge Global Ventures, Inc.”)
- Rationale = NewBridge Global Ventures, Inc. is a U.S.-based company which previously provided business consulting services to companies operating within the legal medical cannabis and hemp related industries. However, the company's security has been revoked/delisted and it no longer trades.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 |
| 1B | Yes | ETF - Cannabis-Themed | The AdvisorShares MSOS 2x Daily ETF (NYSE Arca: MSOX) is designed for sophisticated investors looking to gain magnified exposure to the U.S. cannabis sector. As an actively managed, leveraged ETF, MSOX seeks to generate amplified cannabis exposure by normally investing in swap agreements on the AdvisorShares Pure US Cannabis ETF (NYSE Arca: MSOS). MSOS is designed to give exposure to U.S. companies across multiple industries expected to benefit from the growing legalization of the medical and recreational cannabis. |