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Cannabis-Related Securities | Weekly Update | January 29 - February 4, 2024
Published on February 7, 2024

CRB Monitor Securities Database Updates

During the week of January 29 - February 4, 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 29 - February 4, 2024:

Tier

Total #

Active / Inactive / Pre-IPO

Added

Removed

Net Change

Tier 1A

146

121 / 23 / 2

+0 -0 +0

Tier 1B

713

561 / 150 / 2

+0 -1 -1

Tier 2

325

305 / 15 / 5

+0 -0 +0

Tier 3

492

464 / 27 / 1

+0 -2 -2

Total Issuances

1,676

1,451 / 215 / 10

+0 -3 -3

Total Issuers   (w/o Pre-IPOs)

1,262

-

+0 -3 -3

Total Issuers    (w/ Pre-IPOs)

1,272

-

+0 -3 -3

 

Removed 1 Tier 1B Security:

  • -1 = Discarded Business Record from Database: (“American Hemp Ventures Inc.”)
    • Rationale = American Hemp Ventures Inc. is a U.S.-based company which previously operated in the cannabis industry through hemp cultivation/processing and the production of cannabidiol (CBD) products. However, the company divested its cannabis-related operations. There is no evidence to suggest that this company is still actively engaged in the cannabis industry. The company changed its name and will now focus on artificial intelligence. As a result, this business no longer qualifies for inclusion.

Removed 2 Tier 3 Securities:

  • -1 = Discarded Business Record from Database: (“Aquarius AI Inc.”)
    • Rationale = Aquarius AI Inc. is a Canada-based company which operated in the digital advertising industry. The company previously provided customer acquisition services related to cannabidiol (CBD) products. 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. The company changed its name and will now focus on blockchain technology/cryptocurrency. As a result, this business no longer qualifies for inclusion.
  • -1 = Discarded Business Record from Database: (“BoxScore Brands, Inc.”)
    • Rationale = BoxScore Brands, Inc. is a U.S.-based company which operated in the self-serve electronic kiosk/vending machine industry. The company previously explored the development of cannabidiol (CBD) frozen dessert products as well as the distribution of other CBD products through its kiosks/vending machines. 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. The company changed its name and will now focus on critical minerals extraction, primarily lithium. As a result, 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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