---
schema_version: "secwatch.filing_event.v1"
accession: "0001819615-24-000029"
form_type: "8-K"
ticker: null
cik: "0001819615"
company_name: "Clever Leaves Holdings Inc."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:49:56.666558+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Clever Leaves Q4 revenue up 5% to $4.6M; full-year cannabinoid revenue jumps 39%, closes Herbal Brands sale for $8.02M

## Summary
- Q4 2023 revenue $4.6M (+5% YoY); cannabinoid revenue $2.0M (+29% YoY). Full-year revenue $17.4M (+6%), cannabinoid up 39% to $6.6M.
- Q4 net loss narrowed to $5.1M from $28.8M a year ago; adjusted EBITDA flat at -$4.6M. Full-year net loss $17.9M vs $66.2M in 2022.
- All-in cost per gram of dry flower improved to $0.55 in Q4 from $6.76 in prior-year quarter on increased harvest (1,693 kg vs 89 kg).
- Cash and equivalents $6.9M at Dec 31, 2023 vs $12.9M a year ago; sale of Cansativa stake brought $1.9M; no ATM shares sold in Q4.
- Post-quarter closed sale of non-cannabinoid Herbal Brands for $8.02M ($7.02M cash) on Mar 21, 2024; also sold Portuguese farm assets for $1.5M.

## SEC filing metadata
- accession: 0001819615-24-000029
- form_type: 8-K
- cik: 0001819615
- company_name: Clever Leaves Holdings Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819615/000181961524000029/0001819615-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819615/000181961524000029/clvr-20240401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819615-24-000029
- JSON: https://secwatch.observer/filing/0001819615-24-000029.json
- Plain text: https://secwatch.observer/filing/0001819615-24-000029.txt

## Key facts
- Earnings Releases
  Clever Leaves Holdings Inc. reported the fourth quarter ended December 31, 2023 results: revenue $4.6 million, net income $5.1 million.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $4.6 million
  - Net income: $5.1 million
  - Result: reported results
  source text: Revenue in the fourth quarter of 2023 increased 5% to $4.6 million compared to $4.4 million for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819615/000181961524000029/0001819615-24-000029-index.htm

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