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

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.