Clever Leaves’ Nutraceutical Manufacturer, Herbal Brands Inc., Begins Importing CBD into the US
09 Februar 2021 - 3:03PM
Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever
Leaves” or the “Company”), a leading multi-national
operator and licensed producer of pharmaceutical-grade
cannabinoids, announced today its branded nutraceutical
manufacturer, Herbal Brands, has entered into a strategic
partnership with the LooperGroup and TruSource Hemp Group
(“TruSource”), a leading provider of services for the hemp
industry, to import the Company’s first commercial shipment of CBD
into the United States. Clever Leaves´ Colombian facilities are the
first and only cannabis operations in LATAM to have a Good
Manufacturing Practices certification from the European Union
(EU-GMP).
"This partnership will capitalize on both Clever
Leaves’ and TruSource’s combined expertise within the hemp
industry, resulting in significant access to high quality grade CBD
products for the U.S. marketplace,” said Kyle Detwiler, CEO of
Clever Leaves. The CBD industry is estimated to reach $20 billion
by 20241, and the Company expects this U.S.-based strategic
partnership to unlock opportunities to provide high quality,
cost-effective raw materials for the U.S. market.”
“TruSource offers Clever Leaves the deployment
expertise for an important new market, enabling our company to
import its first commercial shipment of CBD into the U.S.” he
added.
“The partnership between Clever Leaves,
TruSource, and the LooperGroup is a powerful alliance. Clever
Leaves’ expertise in large-scale cultivation, evolving
formulations, and industry innovation will provide U.S. hemp
commercial customers with access to an unprecedented, vertically
integrated supply of CBD isolate, extracts and finished solutions,”
said D. Williams, TruSource Hemp Group’s President & CEO.
“This achievement opens the gateway for
importing pharmaceutical grade CBD products from Colombia to the
United States. We are pleased to be a member of the team which
achieved this notable milestone and we look forward to maximizing
the opportunities this offers,” said Robert W. Looper, President
& CEO of The LooperGroup.
Andrés Fajardo, President of Clever Leaves,
said, “Our efforts are aimed toward manufacturing products of the
highest quality. To that end, we operate under rigorous
international pharmaceutical-grade quality standards. Thus far, our
products have been widely accepted in more than 15 different
countries across five continents.”
He added, “This partnership enables our Herbal
Brands business, which currently has access to more than 10,000
retail distribution points in the U.S., to manage every aspect of
our CBD topical product development from 'seed to consumer' and
allows us to provide the highest quality CBD products to the U.S.
market."
This first shipment successfully cleared customs
in the United States in Q1 of 2021.
For all business inquiries, please visit Clever
Leaves’ direct to business sales platform, www.cleverleaves360.com,
to set up an appointment with a Clever Leaves’ business
consultant.
About Clever Leaves Holdings
Inc.Clever Leaves is a multi-national cannabis company
with an emphasis on ecologically sustainable, large-scale
cultivation and pharmaceutical-grade processing 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 effective distribution network and global
footprint, with a foundation built upon capital efficiency and
rapid growth. 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 multiple international
certifications that have enabled it to increase its export and
sales capacity from its Colombian operations, including European
Union Good Manufacturing Practices (EU GMP) Certification, a Good
Manufacturing Practices (GMP) Certification by Colombia National
Food and Drug Surveillance Institute - Invima, and Good
Agricultural and Collecting Practices (GACP) Certification. Clever
Leaves was granted a provisional license in Portugal from Infarmed
– the Portuguese health authority – that allows Clever Leaves to
cultivate, import and export dry flower for medicinal and research
purposes.
For more information, please
visit https://cleverleaves.com/en/home/.
Herbal Brands Inc. is an Arizona based
manufacturer and distributor of health and wellness products. The
Herbal Brands portfolio includes a number of nutraceutical and
beverage brands that sell in over 20,000 retail locations across
the United States
About TruSource Hemp
GroupTruSource Hemp Group is a leading provider of
services for the Hemp Industry to include bulk wholesale,
consulting, marketing, business positioning and futures analytics.
The TruSource Hemp Group LLC is an industrial scale supplier of
Hemp Biomass and Full Spectrum CBD oil from outdoor and indoor
grown industrial hemp, and utilizes exclusive suppliers through a
Grow and Sold customized program to provide premium Hemp products
for customers. TruSource Hemp Group is an established business
enterprise based in Metro Atlanta Georgia and operates a global
network.
Press contacts:McKenna
Miller KCSA Strategic
Communications +1347-487-6197mmiller@kcsa.com
Diana SigüenzaStrategic Communications
Director+57310-236-8830Diana.siguenza@cleverleaves.com
Investor inquiries: Sean
Mansouri, CFA or Cody SlachGateway Investor
Relations+1949-574-3860CLVR@gatewayir.comCommercial
contact:Andrew MillerVice President Sales - EMEA, North
America, and
Asia-Pacific+1416-817-1336andrew.miller@cleverleaves.com
____________________1 According to an analysis
by BDS Analytics and Arcview Market Research
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