Clever leaves Portuguese production and strengthens its export potential

BOCA RATON, Florida – Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a leading multinational operator and licensed producer of pharmaceutical grade cannabinoids, today announces official authorization to its greenhouse facilities enlarged by the Portuguese Health Regulatory Authority, INFARMED, IP Along with the pre-existing facilities authorized in August 2020, this new milestone expands the licensed cultivation footprint by approximately 150,000 square feet, more than doubling the capacity of original licensed cultivation from the facility to a total of nearly 260,000 square feet of cultivation as well as support for post-harvest and other activities.

As an extension of the existing license for the Portuguese facilities of Clever Leaves, the new license obtained from INFARMED provides the ability not only to increase commercial production to a higher level of quality, but also to improve the capabilities of research and development, including stabilization of new strains and continuous improvement of current products through applied research.

So far, Clever Leaves has exported from its Portuguese facilities to the UK, Australia, the US and Israel, each with distinct product requirements and specifications. The additional greenhouse space will allow cultivation efforts to be further tailored to country-specific regulations, both increasing previous export capacity and diversifying exports geographically.

“With a fine set of starting facilities, Clever Leaves Portugal has taken historic milestones in the global cannabis trade,” said Clever Leaves CEO Kyle Detwiler.

“However, we have gained considerable industry knowledge and experience since the founding of Clever Leaves in 2016, and we have infused all the lessons we have learned when building these new Portuguese facilities. With this latest license for our expansion in Portugal, we are optimistic about the heights we can reach in 2022 and beyond. “

The new facility’s list of capabilities includes improvements in temperature control, humidity management, lighting and carbon dioxide injection.

Production at the newly licensed facilities has started, with first commercial production expected to be market ready as early as the second or third quarter of 2022. Construction continues on Clever Leaves’ expansion of its Portuguese post-harvest capabilities, which should be operational. by the end of 2022.

About Clever Leaves Holdings Inc.

Clever Leaves is a multinational cannabis company focused on large-scale, ecologically sustainable cultivation and processing of pharmaceutical grade cannabinoids as the cornerstones of its global cannabis business. With operations and investments in the United States, Canada, Colombia, Germany and Portugal, Clever Leaves has created an efficient distribution network and global presence, with a foundation built on capital efficiency and growth. fast. Clever Leaves aims to be one of the industry’s leading global cannabis companies, recognized for its principles, people and performance, while fostering a healthier global community. Clever Leaves has received several international certifications which have enabled it to increase its export and sales capacity from its Colombian operations, including the European Union Good Manufacturing Practices (EU GMP) certification, a certification of Good Manufacturing Practices (GMP) by Colombia’s National Food and Drug Surveillance. Institute – Invima Certification and Good Agricultural and Collecting Practices (GACP). Clever Leaves has obtained a license in Portugal from INFARMED – the Portuguese health authority – which allows Clever Leaves to grow, import and export dry flowers for medicinal and research purposes. In addition, the Portuguese operation has also obtained certification of compliance with GACP and IMC-GAP standards. For more information visit https://cleverleaves.com/en/home/ and follow Clever Leaves on Twitter and LinkedIn.

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