RESOURCES | Data Updates | Securities

Cannabis-Related Securities | Weekly Update | November 6 - 12, 2023
Published on November 16, 2023

CRB Monitor Securities Database Updates

During the week of November 6 - 12, 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 November 6 - 12, 2023:

Tier

Total #

Active / Inactive / Pre-IPO

Added

Removed

Net Change

Tier 1A

149

124 / 23 / 2

+0 -0 +0

Tier 1B

720

566 / 152 / 2

+0 -2 -2

Tier 2

337

312 / 20 / 5

+0 -1 -1

Tier 3

495

467 / 27 / 1

+0 -0 +0

Total Issuances

1,701

1,469 / 222 / 10

+0 -3 -3

Total Issuers   (w/o Pre-IPOs)

1,280

-

+0 -3 -3

Total Issuers    (w/ Pre-IPOs)

1,290

-

+0 -3 -3

  • Removed 2 Tier 1B Securities: 
    • -1 = Discarded Business Record from Database: (“Fortium Holdings Corp.”)
      • Rationale = Fortium Holdings Corp., based in the U.S., operated as a diversified holding company. Fortium Holdings Corp. previously held ownership in Elysian Premium Corp., a premium luxury cannabis brand. However, Fortium Holdings Corp. rebranded to "White River Energy Corp." and "formally discontinued operations in its cannabis business" and divested the business. 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: (“Vonetize Plc”)
      • Rationale = Vonetize Plc is a Cyprus-based company that develops content services and technology platforms for smart TVs and connected devices worldwide. Vonetize Plc owned Aspen Forest, a small operator of two indoor cannabis cultivation farms and a dispensary in Colorado. However, The company's security has been revoked/delisted and it no longer trades.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.
  • Removed 1 Tier 2 Security:
    • -1 = Discarded Business Record from Database: (“Video River Networks, Inc.”)
      • Rationale = Video River Networks, Inc. is a US-based technology holding firm that operates and manages a portfolio of Electric Vehicles, Artificial Intelligence, Machine Learning and Robotics ("EV-AI-ML-R") assets, businesses and operations in North America. Video River Networks, Inc. previously pivoted its business model to become a specialty real estate holding company for specialized assets including hemp and cannabis farms, dispensaries, CBD related commercial facilities, industrial and commercial real estate, and other real estate-related services to the CBD and the legal cannabis industry. However, Video River Networks, Inc. has since pivoted its business model again away from cannabis and sold its interest in its cannabis-related subsidiary. 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.

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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