---
schema_version: "secwatch.filing_event.v1"
accession: "0001819615-23-000071"
form_type: "8-K"
ticker: null
cik: "0001819615"
company_name: "Clever Leaves Holdings Inc."
filed_at: "2023-07-05T23:59:59+00:00"
generated_at: "2026-06-13T12:49:05.835856+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Clever Leaves completes sale of Portuguese processing assets to Curaleaf for €2.5M

## Summary
- Sold lab and processing equipment from EU-GMP certified facility in Setúbal, Portugal to Curaleaf affiliate Terra Verde.
- Gross proceeds of approximately €2.5 million, paid in cash; proceeds for working capital and general corporate purposes.
- Transaction is a key step in wind-down of Portuguese operations; remaining agricultural asset expected to be sold by end of 2023.
- CEO says sale provides non-dilutive capital and strengthens cash management.

## SEC filing metadata
- accession: 0001819615-23-000071
- form_type: 8-K
- cik: 0001819615
- company_name: Clever Leaves Holdings Inc.
- filed_at: 2023-07-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819615/000181961523000071/0001819615-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819615/000181961523000071/clvr-20230701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819615-23-000071
- JSON: https://secwatch.observer/filing/0001819615-23-000071.json
- Plain text: https://secwatch.observer/filing/0001819615-23-000071.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819615/000181961523000071/0001819615-23-000071-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819615/000181961523000071/0001819615-23-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.