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New Deal


Announced

Completed

Clever Leaves International completed the merger with SAMA in a $255m deal.

Financials

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Transaction Value£200m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Public

Merger

Single Bidder

Friendly

Domestic

Completed

United States

Pharmaceuticals

cannabis company

Reverse Takeover

De-SPAC

Synopsis

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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.

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