secwatch.observer — SEC 8-K summary
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Issuer:     Clever Leaves Holdings Inc. (—)
CIK:        0001819615
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001819615-24-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819615/000181961524000029/0001819615-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819615/000181961524000029/clvr-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001819615-24-000029

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