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Clever Leaves Holdings Inc - CLVRW STOCK NEWS

Welcome to our dedicated page for Clever Leaves Holdings news (Ticker: CLVRW), a resource for investors and traders seeking the latest updates and insights on Clever Leaves Holdings stock.

Clever Leaves Holdings Inc. (CLVRW) operates as a vertically integrated global leader in pharmaceutical-grade medical cannabis production. This page provides investors and industry stakeholders with centralized access to official press releases and strategic updates.

Track developments across cultivation expansions, regulatory milestones, and international partnerships. Key updates include earnings reports, GMP-certification advancements, and export initiatives leveraging Colombia’s cost-efficient agricultural infrastructure.

All content undergoes verification to ensure accuracy and relevance to Clever Leaves’ position in regulated medical cannabis markets. Bookmark this page for timely updates on operational scaling and quality-focused production strategies.

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Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) announced a voluntary delisting and SEC deregistration of its common shares and warrants from Nasdaq to terminate reporting obligations. The last day of trading on Nasdaq is expected to be on or about May 16, 2024. The Company plans to suspend reporting obligations under the Exchange Act by filing a Form 15 with the SEC. The Board's decision was based on careful evaluation of factors including non-compliance with Nasdaq listing requirements and high regulatory costs.

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Clever Leaves Holdings Inc. reported a 6% increase in revenue for 2023, driven by a 39% rise in full-year cannabinoid revenue. The company also achieved a 26% reduction in general and administrative expenses in Q4 2023 and a 24% reduction for the full year. Additionally, Clever Leaves completed the sale of its non-cannabinoid herbal brands business for $8.02 million, enhancing its focus on the cannabinoid segment.
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Clever Leaves Holdings Inc. partners with Paradise Seeds to develop and register high-performance cannabis cultivars in Colombia, aiming to expand its global footprint. This collaboration marks the first agronomic registrations of Paradise genetics in Colombia, enabling licensed cultivation and production of Paradise strains for export to global medicinal cannabis markets.
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Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW), a global medicinal cannabis company, has been granted Australian GMP certification by the TGA for the manufacturing of cannabis products in Colombia. This makes Clever Leaves the first and only medicinal cannabis company globally with GMP certifications from the European Union, Colombia, Brazil, and Australia.
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Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) reports Q3 revenue increase of 33% YoY, driven by 135% YoY growth in cannabinoid revenue. Adjusted EBITDA improved YoY to $(2.6) million. Cash balance at October 31, 2023, was $6.2 million. Updated full-year 2023 guidance reflects revenue timing shifts and adjusted EBITDA improvement.
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Clever Leaves Holdings Inc. will hold a conference call on November 9, 2023, to discuss its Q3 2023 financial results. The call will be hosted by Clever Leaves management and will include a question-and-answer session. The conference call will be broadcast live and available for replay. Toll-free and international dial-in numbers are provided.
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Clever Leaves regains compliance with Nasdaq minimum bid price requirement
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Clever Leaves awarded International Declaration of Carbon Neutrality for commitment to sustainability
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Clever Leaves approves 1-for-30 reverse split of common shares
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Clever Leaves reports 21% YoY revenue growth, driven by 151% YoY growth in cannabinoid revenue. Expense reductions lead to improved Adjusted EBITDA performance of ($2.1) million. Sale of Portuguese processing assets adds $2.7 million in cash. Reaffirms 2023 guidance: revenue $19-22M, adjusted gross margin 58-63%, adjusted EBITDA $(13.6)-(10.6)M.
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Clever Leaves Holdings Inc

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1.73M
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
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Colombia
TOCANCIPA - CUNDINAMARCA