Schultze Special Purpose Acquisition Corp. II - SAMA STOCK NEWS

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) completed its business combination with Clever Leaves International Inc. on December 18, 2020, for approximately $205 million. Following the merger, Clever Leaves Holdings Inc. has taken over SAMA, with its common shares and warrants now trading on Nasdaq under the symbols CLVR and CLVRW. The management of Clever Leaves, led by CEO Kyle Detwiler, will continue to operate the combined entity. This merger positions Clever Leaves for significant growth in the cannabis industry, backed by a stronger financial structure.

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) and Clever Leaves International Inc. announced their participation in upcoming investor conferences. Clever Leaves will present at the Benzinga Small Cap Conference on December 8, 2020, and at the LD Micro Main Event on December 14, 2020. A special stockholder meeting for SAMA to discuss their business combination with Clever Leaves will occur on December 17, 2020, with a potential closing date of December 18, 2020, pending approval and customary conditions.

On November 30, 2020, Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) announced that the SEC has approved its registration statement for a business combination with Clever Leaves International Inc. This merger will create a new entity, Clever Leaves Holdings Inc. SAMA's stockholders will vote on the merger during a special meeting on December 17, 2020. If approved, the merger may close on December 18, 2020, pending customary conditions. The integration aims to leverage Clever Leaves' global cannabis operations across various countries.

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) and Clever Leaves International Inc. announced a webinar on November 16, 2020, to discuss their pending merger. The transaction's enterprise value was reduced from $255 million to $206 million, and the minimum cash condition lowered to $26 million. Institutional investors committed over $10 million in a private placement, ensuring adequate capital. The merger is expected to close in Q4 2020, pending regulatory approvals.

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) and Clever Leaves International Inc. have amended their business combination agreement, reducing the enterprise value from $255 million to $206 million. The minimum cash condition for SAMA is now $26 million, down from $60 million. Institutional investors have committed over $10 million through a private placement. The transaction is expected to close in Q4 2020, enhancing shareholder value and aiming for a strong market position in the cannabis industry.

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA) and Clever Leaves International Inc. announced participation in two investor conferences. On September 30, 2020, they will host one-on-one meetings at the Canaccord Genuity US Cannabis Symposium. The following week, on October 8, 2020, they will participate in the Jefferies Cannabis Summit, featuring a panel discussion led by Clever Leaves CEO Kyle Detwiler. Additionally, a registration statement has been filed with the SEC regarding their planned business combination, with expectations to close in Q4 2020, pending necessary approvals.

Virtual Investor Conferences has announced that the presentations from the September 10th cannabis conference are now available for on-demand viewing at VirtualInvestorConferences.com. This event allows investors to engage without any fees for participation. Investors are encouraged to pre-register and run an online system check to expedite their experience. Participating companies included Clever Leaves (NASDAQ: SAMA, SAMAW, SAMAU), FinCanna Capital Corp. (OTCQB: FNNZF), and others.

The Cannabis Industry Virtual Investor Conference will take place on September 10, 2020, starting at 10:45 AM ET. Hosted by Virtual Investor Conferences and KCSA Strategic Communications, the event invites individual and institutional investors to engage with top cannabis companies. Presentations will occur throughout the day with various companies scheduled, including Clever Leaves and Blueberries Medical Co. Attendance is free, and pre-registration is encouraged for efficient participation.

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) and Clever Leaves International Inc. will present at VirtualInvestorConferences.com on September 10, 2020, at 2:30 PM ET. This interactive online event allows investors to ask questions in real-time, with a webcast available afterward. Recently, Clever Leaves received a license to cultivate and sell medical cannabis in Portugal and entered the Australian market. A significant upcoming milestone is the anticipated NASDAQ listing under the symbol 'CLVR' with an initial enterprise value of approximately $255 million.