Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Clever Leaves Holdings Inc. completed a disposition involving Terra Verde, Lda. for EUR 2,500,000 (closed 2023-07-01).
- Action
- disposition
- Counterparty
- Terra Verde, Lda.
- Consideration
- EUR 2,500,000
- Closing
- 2023-07-01
Exact text from the filing
cannabis processing facility in Setubal, Portugal (the “Transaction”). Under the terms of the APA, the total consideration paid to the Seller for the Transaction was EUR 2,500,000, which was paid in full by wire transfer of immediately available funds to the Seller’s bank account. The Transaction is one of the last steps in the Company’s previously announced
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Clever Leaves Holdings Inc. entered into APA with Terra Verde, Lda. valued at EUR 2,500,000 (effective 2023-07-01).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Terra Verde, Lda.
- Value
- EUR 2,500,000
- Effective
- 2023-07-01
Exact text from the filing
On July 1, 2023, an asset purchase agreement (the “APA”) was entered into by and among Clever Leaves Holdings Inc. (the “Company”) as Guarantor, Clever Leaves Portugal Unipessoal, Lda. (the “Seller” or “Clever Leaves Portugal”), a wholly-owned subsidiary of the Company, and Terra Verde, Lda. (the “Purchaser”), a wholly-owned subsidiary of Curaleaf International, part of Curaleaf Holdings, Inc.
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