{"schema_version":"secwatch.filing_event.v1","accession":"0001819615-23-000011","form_type":"8-K","ticker":null,"cik":"0001819615","company_name":"Clever Leaves Holdings Inc.","filed_at":"2023-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.765932+00:00","generated_at":"2026-06-20T11:57:24.518614+00:00","sec_items":["2.05","2.06","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Clever Leaves winds down Portugal ops; cuts 21% workforce, expects $19-21M charges","bullets":["63 employees dismissed in Portugal; 96% of Portugal workforce and 21% of total workforce eliminated.","Expected charges: $19M-$21M ($0.7M-$0.9M severance, $12M-$13M real estate/equipment exit, $6M-$7M inventory write-off).","Only $1.5M-$2.0M of total charges are cash; balance is non-cash write-offs of prior investments.","Annualized cost savings of ~$7M expected by year-end 2023; company to consolidate cultivation in Colombia.","Colombia operations: 1.8M sq ft, EU-GMP certified; dry flower sales from Colombia expected to commence in Q1 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001819615-23-000011","json":"https://secwatch.observer/filing/0001819615-23-000011.json","markdown":"https://secwatch.observer/filing/0001819615-23-000011.md","text":"https://secwatch.observer/filing/0001819615-23-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819615/000181961523000011/0001819615-23-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819615/000181961523000011/clvr-20230123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T11:57:24.518614+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2afa362bdf5b57c2332d2abd624206c7f60f52ec","claim":"Clever Leaves Holdings Inc. announced a restructuring with charges of approximately $19 million to $21 million affecting Portugal operations (approximately 96 % reduction to the Company’s workforce in Portugal and 21 % reduction to the Company’s total workforce).","evidence_excerpt":"requirements. The Company expects to complete these actions in the first half of fiscal 2023. The Company currently estimates that it will incur charges of approximately $ 19 million to $ 21 million in connection with the restructuring plan. The total expected range includes approximately $ 0.7 million to $ 0.9 million related to severance and employee","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819615/000181961523000011/0001819615-23-000011-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $19 million to $21 million"},{"label":"Affected area","value":"Portugal operations"},{"label":"Headcount","value":"approximately 96 % reduction to the Company’s workforce in Portugal and 21 % reduction to the Company’s total workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}