Clever Leaves Reports Fourth Quarter and Full Year 2023 Results
TOCANCIPÁ, Colombia, April 01, 2024 (GLOBE NEWSWIRE) -- Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a global medicinal cannabis company, is reporting financial and operating results for the fourth quarter and full year ended December 31, 2023. All financial information is provided in US dollars unless otherwise indicated.
- Subsequent to the end of the fourth quarter, we completed the $1.5 million sale of our Portuguese farm assets.
- As we progress into 2024, we remain focused on driving further capital preservation and operational efficiencies.”
Fourth Quarter 2023 Summary vs. - Same Year-Ago Quarter1
Revenue in the fourth quarter of 2023 increased 5% to $4.6 million compared to $4.4 million for the same period in 2022. - Net loss in 2023 includes a $3.7 million loss on investment related to the fourth quarter sale of the Company’s remaining Cansativa stake.