Clever Leaves Finalizes Portuguese Operations Sale Deal

Clever Leaves Holdings (CLVR) has released an update to notify the public and investors about an entry into a material definitive agreement.

On January 26, 2024, Clever Leaves II Portugal Cultivation, S.A, a subsidiary of Clever Leaves Holdings Inc., sold certain real estate, including furniture and structures in São Teotónio, Portugal, to Álvaro Ricardo Villaverde Covões Gávea and Helena Cristina Martinho dos Santos Covões Gávea for EUR 1,400,000. This sale marked the completion of Clever Leaves Holdings Inc.’s cessation of operations in Portugal. Details of the sale are documented in the Purchase and Sale Deed filed with the company’s current financial report.

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For a comprehensive understanding of the announcement, you can read the full document here.