Streetbeat News

CLVR

Clever Leaves Holdings Inc

cleverleaves.com

Employees

280

Industry

Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)

clever leaves, a colombian company fully-licensed, will become the world’s largest grower with over 10mm+ ft2 of cultivation capacity by 2023, the largest extractor with pharmaceutical grade and gmp certified processing facilities, and the lowest cost operator in cannabis exports. one of the first colombian license holders in the medical cannabis industry. a company positioned to become a leader in the global market with a differentiated business model and strong positioning with regulators, physicians, and other relevant players. developing key capabilities to win in the new space of the medical cannabis industry with a highly experienced and respected team.

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The article discusses the potential for cannabis legalization in Venezuela amid political turmoil and election fraud allegations. It highlights the successes of Colombia's cannabis industry and mentions companies like Clever Leaves Holdings Inc, Khiron Life Sciences Corp, and PharmaCielo Ltd as examples of successful cannabis businesses in Colombia.

Portfolio Pulse from Patricio Liddle

July 31, 2024 | 1:02 pm

Clever Leaves Holdings Inc. (NASDAQ:CLVR) announced its plan to voluntarily delist from NASDAQ due to financial strains, aiming to reduce operational costs and regulatory compliance burdens. The delisting process is set to begin around May 6, with the final trading day on NASDAQ expected around May 16. This move is part of a broader restructuring plan, following a 60% plunge in share value since the announcement. Despite a revenue increase and operational efficiencies reported in 2023, the company faces challenges in the cannabis industry.

Portfolio Pulse from Rolando García

April 30, 2024 | 4:09 pm

U.S. stocks saw modest gains with the S&P 500, Nasdaq, and Dow all trading higher. ON Semiconductor reported better-than-expected Q1 results but projected Q2 revenues below consensus. Deciphera Pharmaceuticals surged after an acquisition announcement by ONO Pharmaceutical. Collective Audience and Koninklijke Philips also saw significant gains, while Clever Leaves, Addex Therapeutics, and Annovis Bio experienced sharp declines.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 6:34 pm

Clever Leaves Holdings Inc. announced its decision to voluntarily delist from Nasdaq, causing a 60% drop in its shares. Other stocks moved significantly in Monday's session, with Deciphera Pharmaceuticals surging 73% after an acquisition announcement, and various companies like Collective Audience and ImmunityBio also seeing substantial gains. Losers included Annovis Bio, down 57% after disappointing trial results, and Addex Therapeutics, falling 48.8% due to a failed epilepsy study.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 5:04 pm

Clever Leaves Holdings Inc (NASDAQ:CLVR) stock plummeted by 62% to $1.56 after announcing its decision to voluntarily delist from Nasdaq and deregister its securities, citing potential non-compliance with listing requirements, personnel resources, and high regulatory costs. The last trading day on Nasdaq is expected to be around May 16, with deregistration effective 90 days post filing.

Portfolio Pulse from Henry Khederian

April 29, 2024 | 4:33 pm

Domino's Pizza Inc reported better-than-expected Q1 earnings with a 6% sales growth and EPS of $3.58. Deciphera Pharmaceuticals shares surged 72% after an acquisition announcement by ONO Pharmaceutical. Collective Audience shares doubled following a strategic partnership with Insticator. Philips gained 29% after settling litigation and posting strong earnings. Conversely, Clever Leaves announced a voluntary Nasdaq delisting, causing shares to drop 62%. Addex Therapeutics and SoFi Technologies also saw significant declines after disappointing news. Oil prices fell by 1.2%, while gold and silver saw slight increases.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 4:03 pm

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Domino's Pizza Inc reported better-than-expected Q1 earnings with a 6% sales growth and EPS of $3.58, surpassing estimates. Deciphera Pharmaceuticals announced its acquisition by ONO Pharmaceutical, and Koninklijke Philips N.V. reported a $1.1 billion settlement and better than expected earnings. Clever Leaves Holdings announced plans to delist from Nasdaq, and Addex Therapeutics' epilepsy study failed to meet its primary endpoint.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 1:42 pm

Clever Leaves Holdings announced its decision to voluntarily delist its common shares from the Nasdaq and deregister its Securities, aiming to terminate and suspend its reporting obligations. This move has led to a decrease in the trading price of its shares.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:27 am

Koninklijke Philips N.V. (PHG) shares surged 37.1% in pre-market trading after announcing Q1 results and a $1.1 billion settlement in the US. Other stocks showed significant movement, with Inno Holdings, Ryde Group, and Akanda Corp among the top gainers. Conversely, Bakkt Holdings and Clever Leaves led the pre-market losers following a reverse stock split and delisting announcement, respectively. Tesla also gained attention with a 7.3% increase after announcing layoffs and a price hike for its Model 3 Performance.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 9:53 am

Trading for CLVR was halted and then resumed at 4:35:00 PM ET, with updates on news and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:35 pm

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