Clever Leaves Raises $14 Million to Expand Cannabis Operations in…

  • Receiving such strong support from prominent institutional investors in the first closing of our Series E round further validates the Clever Leaves strategy, said Kyle Detwiler, CEO of Clever Leaves.
  • This financing demonstrates Clever Leaves’ ability to withstand the market headwinds in these extremely challenging times and will help us achieve our ultimate goal of transforming the cannabis supply chain on an international scale.
  • The capital we’ve raised will also enable us to continue commercializing product from our world-class cultivation and extraction operations in Colombia as well as to complete our licensing process in Portugal.
  • Clever Leaves anticipates raising additional capital in the coming months and expects to primarily use the proceeds to support its commercialization efforts, further develop existing brands, and expand its operations in Portugal.

Read full article: newcannabisventures.com