Clever Leaves Holdings INC

Clever Leaves Holdings Inc. has announced its decision to voluntarily delist its common shares and warrants from the Nasdaq Stock Market and deregister with the SEC to reduce costs and regulatory burdens.

Clever Leaves Holdings Inc. has terminated its equity distribution agreement with Canaccord Genuity, effective April 26, 2024.

Clever Leaves saw a 6% revenue increase in 2023, fueled by a 39% jump in cannabinoid revenue, alongside significant cost reductions and the sale of its non-cannabinoid business.

Clever Leaves Holdings Inc. has completed the sale of its non-cannabinoid business segment, Herbal Brands, Inc., for a total of $8.02 million.

Clever Leaves has finalized the sale of its Portuguese real estate and related assets for EUR 1.4 million, completing its exit from operations in Portugal.

Clever Leaves Holdings Inc. released its 2023 annual report, detailing financial performance, strategic shifts, and ongoing efforts to optimize operations.