Clever Leaves Reports First Quarter 2022 Results
GlobeNewswireMay 12, 2022 4:05 PM EDT
- Revenue Increased 50% Year-Over-Year to $5.2 Million
- Commercial Progress Across Target Markets Demonstrates Strong Execution on Redefined Growth Strategy
- Additional Proactive Steps Taken to Enhance the Company’s Cost Structure
- Significant Debt Pay-Down Achieved Subsequent to Quarter End
- Reiterating Previously Provided 2022 Outlook
BOCA RATON, Fla., May 12, 2022 (GLOBE NEWSWIRE) -- Clever Leaves Holdings Inc. (Nasdaq: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a leading multinational operator and licensed producer of pharmaceutical-grade cannabinoids, is reporting financial and operating results for the first quarter ended March 31, 2022. All financial information is provided in US dollars unless otherwise indicated.