June 6, 2023


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Clever Leaves’ Nutraceutical Company, Herbal Manufacturers Inc., Starts Importing CBD into the US Nasdaq:CLVR

NEW YORK, Feb. 09, 2021 (World NEWSWIRE) — Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a major multi-national operator and licensed producer of pharmaceutical-grade cannabinoids, declared nowadays its branded nutraceutical company, Herbal Makes, has entered into a strategic partnership with the LooperGroup and TruSource Hemp Team (“TruSource”), a foremost supplier of products and services for the hemp marketplace, to import the Company’s very first industrial shipment of CBD into the United States. Intelligent Leaves´ Colombian services are the very first and only cannabis functions in LATAM to have a Fantastic Production Practices certification from the European Union (EU-GMP).

“This partnership will capitalize on equally Clever Leaves’ and TruSource’s blended experience in just the hemp business, ensuing in considerable accessibility to higher high-quality grade CBD products and solutions for the U.S. marketplace,” claimed Kyle Detwiler, CEO of Clever Leaves. The CBD sector is believed to access $20 billion by 20241, and the Corporation expects this U.S.-primarily based strategic partnership to unlock alternatives to offer higher good quality, price tag-efficient uncooked components for the U.S. market place.”

“TruSource features Clever Leaves the deployment skills for an important new sector, enabling our enterprise to import its to start with industrial shipment of CBD into the U.S.” he extra.

“The partnership among Clever Leaves, TruSource, and the LooperGroup is a highly effective alliance. Clever Leaves’ abilities in massive-scale cultivation, evolving formulations, and business innovation will provide U.S. hemp commercial prospects with accessibility to an unprecedented, vertically built-in provide of CBD isolate, extracts and concluded solutions,” explained D. Williams, TruSource Hemp Group’s President & CEO.

“This achievement opens the gateway for importing pharmaceutical quality CBD goods from Colombia to the United States. We are happy to be a member of the crew which accomplished this notable milestone and we appear ahead to maximizing the options this offers,” mentioned Robert W. Looper, President & CEO of The LooperGroup.

Andrés Fajardo, President of Intelligent Leaves, stated, “Our efforts are aimed towards producing solutions of the maximum good quality. To that stop, we run below arduous international pharmaceutical-grade high-quality criteria. So considerably, our goods have been widely acknowledged in more than 15 different countries throughout five continents.”

He added, “This partnership permits our Herbal Manufacturers business enterprise, which at this time has obtain to more than 10,000 retail distribution details in the U.S., to handle each and every factor of our CBD topical products growth from ‘seed to consumer’ and makes it possible for us to supply the greatest excellent CBD items to the U.S. sector.”

This 1st shipment successfully cleared customs in the United States in Q1 of 2021.

For all enterprise inquiries, be sure to stop by Clever Leaves’ direct to company sales platform, www.cleverleaves360.com, to established up an appointment with a Clever Leaves’ business specialist.

About Clever Leaves Holdings Inc.
Clever Leaves is a multi-national hashish business with an emphasis on ecologically sustainable, substantial-scale cultivation and pharmaceutical-grade processing as the cornerstones of its world hashish small business. With operations and investments in the United States, Canada, Colombia, Germany and Portugal, Intelligent Leaves has designed an powerful distribution community and world footprint, with a basis crafted upon money effectiveness and speedy advancement. Intelligent Leaves aims to be a single of the industry’s major world cannabis organizations identified for its principles, people today, and efficiency even though fostering a more healthy world wide group. Clever Leaves has obtained multiple intercontinental certifications that have enabled it to raise its export and sales ability from its Colombian functions, such as European Union Great Production Practices (EU GMP) Certification, a Very good Manufacturing Tactics (GMP) Certification by Colombia Countrywide Food items and Drug Surveillance Institute – Invima, and Excellent Agricultural and Accumulating Practices (GACP) Certification. Clever Leaves was granted a provisional license in Portugal from Infarmed – the Portuguese health authority – that lets Intelligent Leaves to cultivate, import and export dry flower for medicinal and investigation needs.

For a lot more information, you should visit https://cleverleaves.com/en/residence/.

Herbal Brand names Inc. is an Arizona based producer and distributor of health and wellness products. The Organic Makes portfolio features a amount of nutraceutical and beverage manufacturers that provide in more than 20,000 retail destinations across the United States

About TruSource Hemp Team
TruSource Hemp Group is a foremost provider of services for the Hemp Market to incorporate bulk wholesale, consulting, advertising and marketing, company positioning and futures analytics. The TruSource Hemp Team LLC is an industrial scale provider of Hemp Biomass and Comprehensive Spectrum CBD oil from outdoor and indoor developed industrial hemp, and utilizes distinctive suppliers by way of a Mature and Marketed personalized plan to provide premium Hemp solutions for consumers. TruSource Hemp Team is an established business enterprise dependent in Metro Atlanta Ga and operates a world network.

Press contacts:
McKenna Miller 
KCSA Strategic Communications 

Diana Sigüenza
Strategic Communications Director

Investor inquiries:
Sean Mansouri, CFA or Cody Slach
Gateway Investor Relations

Professional make contact with:
Andrew Miller
Vice President Profits – EMEA, North The united states, and Asia-Pacific

1 In accordance to an examination by BDS Analytics and Arcview Market Research