Clever Leaves Holdings Inc (CLVR) Quote

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Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a global medicinal cannabis company, today announced that its Board of Directors (the “Board”) determined to voluntarily delist its common shares, without par value (the “common shares”) and warrants, each exercisable for 1/30th common share at an exercise price of $11.50 (the “Warrants” and together with the common shares, the “Securities”) from The Nasdaq Stock Market LLC (“Nasdaq”) and deregister its Securities in order to terminate and suspend its reporting obligations under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”).
The Company today notified Nasdaq of its intention to voluntarily delist its Securities from Nasdaq. The Company intends to file a Form 25 with the Securities and Exchange Commission (“SEC”) to effect the delisting and deregistration of its Securities on or about May 6, 2024 to effect the delisting from Nasdaq and the deregistration of the Securities under Section 12(b) of the Exchange Act. As a result, the Company expects the last day of trading of its Securities on Nasdaq will be on or about May 16, 2024.

CLVR under $5

that is correct ! assume it will perform well over the course of the next 6 months . LoL . insiders selling more , probably in a optimistic mindset !

Interesting. This could end many different ways.

yes all positions liquidated . insiders held nanoscopic positions & sold out . insiders didn't want the small positions they held . perhaps they're about to stick a fork in it , the company that is ? If Darth Brandon would do what them/they said they/them would do then this ticker would bounce into another dimension due to the microscopic share count . CLVR may activate the self destruct button prior to that .

Greedy executives dumping shares and diluting the market?

OKAY ! read the Form 4's dropped in December & January . or don't . I don't expect you to do what I did ( read the form 4's ) and I know you have no reason to believe me if I said what the insiders did in December & January . READ THAT $h!T YO ! the time you've wasted asking me what was in the form 4's could've been better spent by simply READING THE FORM 4'S . try it , I DARE YOU ! https://www.marijuanamoment.net/vp-kamala-harris-claims-administration-changed-federal-marijuana-policy-while-using-incorrect-map-of-state-legalization-laws/

Insults aside, please inform. Be explicit. Speak freely.

so..........by now , are you able to realize what the insiders did ?

check out the form 4's dropped a month ago ....... https://www.marijuanamoment.net/biden-falsely-suggests-marijuana-pardons-expunged-records-and-released-prisoners-while-campaigning-on-promises-kept/

What did insiders do recently?

post reverse split this isn't " running " . look @ the share structure , specifically the float . very few shares to be traded now . be mindful of what the insiders did recently before acquiring a position . the future isn't looking bright here .

Why is this one running?

Yet they still remain.

Clever Leaves Holdings Inc. announced on August 4, 2023, that it would be leaving the stock market. The company cited "market conditions" as the reason for its decision.

Quoting Bard
Should we sell

They need cash. That is why the stock price is so weak. They are selling Cansativa and the remaining Portugal assets along with using the at the market public shelf offering to try and buttress the balance sheet. The operational expenses are simply way too high and have been that way ever since the company went public. If they can grow cannabis that customers actually want for a change and they have success with flower exports then they could feasibly turn the corner in 2024 but management has an atrocious reputation at basically only knowing how to do one thing: squander enormous amounts of investor capital. A company could buy Clever just to use their enormous write offs.

Im not very knowledgeable in what you are saying...
But what you say the company is doing..
Is a good thing or not?

Yeah the company is selling their remaining holdings in Cansativa. They sold the last tranche in early 2022 and if you compare the shares sold and net proceeds you’ll see the Cansativa holdings are down 66% since the last sale. But they need the cash and have said they intend to rationalize all non core assets. I’ve been arguing forever that they should also sell the Herbal Brands subsidiary as well and just retain an exclusive agreement with them. They don’t need Herbal Brands, they need cash and selling HB at maybe .75x sales could net them close to $9M.

Anybody knows what it means

https://www.sec.gov/ix?doc=/Archives/edgar/data/1819615/000181961523000113/clvr-20231017.htm

currently the SMALLEST share structure in the entire sector . If that doesn't change between now & U.S.S.A. passing SAFE/SAFER , re-scheduling , federal legalization ....... ETC . then this one will be the one to go " all in " on . the float will be locked up very quickly , then , this one will bounce into another dimension !

No action since the recent reverse/split.

There has been extreme selling volume since the reverse split (daily volume by price chart says it all). Good old shady as hell Canaccord, CLVR’s sales agent for the at-the-market offering, has apparently tagged in the shorts/mm’s to dump into the bid with impunity and cover with the cheaper ATM shares. Until regulators step in and stick Canaccord and similar players with huge punitive fines, instead of tiny slap on wrist $100k fines, these games will never stop to the complete dismay of most retail investors. From the volume chart, I am estimating about 700K shares have been shorted or sold via the ATM since the share reversal. Let’s see where the stock trades once the dust settles and that should give us a clue of how much dilution is currently occurring. Based on my calculations using the latest cash position (7.8M) + estimated remaining Portugal assets to be sold ($1.5M) confirmed 2023 revenue and ebitda guidance and ongoing opex, I suspect they need another $3 - $4.5M to shore up all liquidity needs through Q2 2024. With that in mind, I am going way out on a limb and guessing we are going to see the share count go from 1.5M to 2.5 or even 3M in the near term, meaning significant dilution, which they were incapable of orchestrating prior to this r/s. Been watching this stock unravel since the ipo and unfortunately still holding some virtually worthless warrants.

$CLVR with a 39 mil float break .24 it can run. Watching for some volume.

not surprised AT ALL ! I gave you a " unfollow " . only because the theory of the coveted reverse split maneuver doesn't make sense to you . that means you don't know what a reverse split is ! and , you're not really up to speed with where society is . I do understand that sometimes , the forest can be difficult to see because of those GD trees blocking the primary line of sight . you just highlit that sh@t ! THNX .

Not a single thing you've said makes sense.

absolutely ! it definitely won't cure the worst disease since aids which is the " woke " ideology . luckily , monkey pox is correcting some of that . https://www.cureyourowncancer.org/ prepare for the reverse split accordingly .

Cannabis is not a panacea. Plenty of uncertainty surrounding its long-term effects.

yes , so , the feds have known cannabis does indeed possess medicinal value since 1970 that cannabis is effective in cancer treatment and is known to kill cancer . as soon as every state legalizes recreational THEN the SAFE program will have to pass along with federal legalization . it's gonna be " a minute " lol . Maryland will be legal recreational effective as of 7-1-23 .

Legislators seem pretty slow to, you know... legislate. They've been taking about marijuana for how long now, and still no progress?

pack a lunch ............ or .... better yet , pack 5,000 lunches ! the politicians that promised what you desire well , don't work for you , or me . or , perhaps you weren't referring to the country that I am ( the U.S.S.A. ) . the reverse split is getting closer though .

Still waiting on cannabis legislators?

Fetterman.

as far as I know a date has not been set . be patient , the price is dropping and the " not the season for the weed sector " has arrived .

Is a date determined for a reverse/split? TIA.

the recovery is facing a speed bump as tall as " the ice wall " featured in a television program called Game Of Thrones . reverse split ENGAGE . I sold my position to avoid the reverse split maneuver . I expect the share structure to be nanoscopic " post reverse split " . after that is complete I will look into a call options position with a expiration of around a year into the future ..

When is this bad boy going to recover?

https://mjbizdaily.com/canadian-cannabis-company-adastra-gets-permission-to-sell-cocaine/

Haha! Drugs from Colombia. Classic. Typical movie plot.

$CLVR heavy volume hitting it now.

https://cannintelligence.com/colombia-sees-explosion-in-medical-cannabis-exports-since-rules-changed/

Yep. It's going to be a while.

https://finance.yahoo.com/video/marijuana-legalization-least-three-plus-214915668.html

Legislators have been moving as slow as molasses.

https://www.kiplinger.com/investing/stocks/this-week-in-cannabis-investing-weed-legalization-in-germany-could-trigger-changes-across-europe

US Senate aims to attach major marijuana legislation to end-of-year 'must-pass' bills.

https://www.foxbusiness.com/politics/senate-aims-attach-major-marijuana-legislation-end-year-must-pass-bills-report

Facts.

Legislators have been as slow as molasses.

Whatever gets the votes, I guess.

Ouch, that sucks.

He’s not pro-week, he is vote buying