Clever Leaves Ends Equity Sales Agreement with Canaccord Genuity

Clever Leaves Holdings (CLVR) has issued an announcement.

Clever Leaves Holdings Inc. is ending its Equity Distribution Agreement with Canaccord Genuity LLC, initially established to allow the sale of up to $50 million worth of common shares. Set to take effect on April 26, 2024, this termination aligns with the company’s decision to also withdraw unsold securities from its registration statement. This move highlights a strategic shift in how Clever Leaves plans to manage its equity sales and financing activities going forward.

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