Announced
Completed
Financials
Tags
Acquisition
Public
Merger
Single Bidder
Friendly
Domestic
Completed
United States
Pharmaceuticals
cannabis company
Reverse Takeover
De-SPAC
Synopsis
Clever Leaves International, a multi-national cannabis operator, completed the merger with Schultze Special Purpose Acquisition, a blank check company, in a $255m deal. “We are very pleased to have completed our merger with Clever Leaves, which delivers attractive value to our stockholders. We believe that Clever Leaves is now among the best-capitalized companies in the cannabis industry and is well-positioned for substantial growth and profitability based upon its disruptive, low-cost and vertically integrated operating model. We look forward to working with its outstanding and highly accomplished management team to create significant value over time,” George J. Schultze, SAMA Chairman and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.