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Clever Leaves joins Nasdaq



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Photo: DR

The actions of Clever Leaves Holdings began to be traded in Nasdaq on Friday, making it the first cannabis producer with its main operations in Colombia to be traded on a major stock exchange in the United States of America (USA).

Clever Leaves has operations in Portugal, having obtained a cultivation license for its production unit in Portugal for the infarmed In August.

Clever Leaves Holdings is the holding newly formed after completing the merger earlier announced da Schultze Special Purpose Acquisition Corp.. and Clever Leaves International for approximately $205 million. Kyle Detwiler, former CEO of Clever Leaves International, will lead the new company, according to the company's press release.

Clever Leaves Holdings is traded on Nasdaq under the CLVR symbol.

Other members of Clever Leaves' executive management team include Andrés Fajardo as chairman and Julian Wilches as chief regulatory officer, who remain with the new company. The company's board will initially consist of Detwiler, Fajardo, Gary Julien, Etienne Deffarges and Elisabeth DeMarse.

Clever Leaves claimed to have exported medical cannabis products to 14 countries. However, exports from Colombia did not assume a size that was considerable until now. The company noted that it has main operations in Colombia, Portugal, Germany and the United States.

According to its prospectus, Clever Leaves has 18 greenhouses in Colombia, creating over 55 hectares of growing area. In Portugal, Clever Leaves has approximately three hectares of greenhouses, and more than 270 hectares of agricultural and agro-industrial land.

As of July 31, Clever Leaves reported having approximately 500 employees: 400 in Colombia, 50 in the US and Canada, and 50 in Europe.

The prospectus can be found here.



[Disclaimer: Please note that this text was originally written in Portuguese and is translated into English and other languages ​​using an automatic translator. Some words may differ from the original and typos or errors may occur in other languages.]


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I am one of the directors of CannaReporter, which I founded together with Laura Ramos. I am from the unique Island of Madeira, where I currently reside. While I was in Lisbon at FCUL studying Physical Engineering, I became involved in the national hemp and cannabis scene and participated in several associations, some of which I am still a member of. I follow the global industry and especially legislative advances regarding the different uses of cannabis.

I can be contacted by email at

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