NEW YORK, Sept. 8, 2020 /PRNewswire/ -- Schultze
Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, and SAMAU)
("SAMA") and Clever Leaves International Inc. ("Clever Leaves" or
the "Company") have been invited to present at the
VirtualInvestorConferences.com on September
10th.
DATE: Thursday, September
10th
TIME:
2:30 PM ET
LINK:
https://bit.ly/3fLBL3m
This will be a live, interactive online event where investors
are invited to ask the company questions in real-time. If attendees
are not able to join the event live on the day of the conference,
an archived webcast will also be made available after the
event.
It is recommended that investors pre-register and run the online
system check to expedite participation and receive event
updates.
Learn more about the event at
www.virtualinvestorconferences.com.
Recent Clever Leaves Highlights:
- On August 25th, Clever
Leaves' Portugal operation was
granted a license to cultivate, sell, and export medical
cannabis
- On August 19th, Clever
Leaves appointed David Kastin as
General Counsel and Corporate Secretary
- On August 11th, Clever
Leaves entered the Australian market with a supply agreement with
Cannatrek
- On July 27th, Clever
Leaves announced a transaction with SAMA whereby Clever Leaves is
anticipated to become a NASDAQ-listed public company trading under
the ticker symbol "CLVR" with an anticipated initial enterprise
value of approximately $255
million.
- On July 9th, Clever
Leaves' Colombian operation was granted EU GMP Certification
About Schultze Special Purpose Acquisition
Corp.
Schultze Special Purpose Acquisition Corp. (NASDAQ:
SAMA, SAMAW, and SAMAU) is a blank check company formed for the
purpose of entering into a merger, stock exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
other similar business combination with one or more businesses or
entities. SAMA's sponsor is an affiliate of Schultze Asset
Management, LP, an alternative investment management firm founded
in 1998 that focuses on distressed, special situation and
event-driven securities and has invested over $3.2 billion since inception with a notable
track-record through its active investment strategy. SAMA itself is
backed by an experienced team of operators and investors with a
successful track-record of creating material value in public and
private companies.
About Clever Leaves
Clever Leaves is a multi-national
cannabis company with a mission to operate in compliance with
federal and state laws and with an emphasis on ecologically
sustainable, large-scale cultivation and pharmaceutical-grade
processing as the cornerstones of its global cannabinoid business.
With operations and investments in Canada, Colombia, Germany, Portugal, and the
United States, Clever Leaves has created an effective
distribution network and global footprint, with a foundation built
upon capital efficiency and rapid growth. Clever Leaves aims to be
one of the industry's leading global cannabinoid companies
recognized for its principles, people, and performance while
fostering a healthier global community.
Additional Information and Where to Find It
In
connection with the proposed business combination between Clever
Leaves and SAMA (the "Business Combination"), Clever Leaves
Holdings Inc. ("Holdco") has filed a Registration Statement on Form
S-4 (the "Form S-4") with the SEC which includes a prospectus with
respect to Holdco's securities to be issued in connection with the
Business Combination and a proxy statement with respect to SAMA's
stockholder meeting at which SAMA's stockholders will be asked to
vote on the proposed Business Combination. The registration
statement has not become effective. SAMA, Clever Leaves and Holdco
urge investors, stockholders and other interested persons to read
the Form S-4, including the proxy statement/prospectus, as well as
other documents filed with the SEC, because these documents contain
important information about the Business Combination. Following the
registration statement having been declared effective by the SEC, a
definitive proxy statement/prospectus will be mailed to
stockholders of SAMA as of a record date to be established for
voting on the Business Combination. SAMA's stockholders can also
obtain a copy of such documents, without charge, by directing a
request to: Schultze Special Purpose Acquisition Corp, 800
Westchester Avenue, Suite 632, Rye Brook,
New York 10573; e-mail: sdu@samco.net. These documents
can also be obtained, without charge, at the SEC's web site
(http://www.sec.gov).
Participants in Solicitation
SAMA, Clever Leaves,
Holdco and their respective directors, executive officers and other
members of their management and employees, under SEC rules, may be
deemed to be participants in the solicitation of proxies of SAMA
stockholders in connection with the Business Combination. Investors
and security holders may obtain more detailed information regarding
the names, affiliations and interests of SAMA's directors and
executive officers in SAMA's Annual Report on Form 10-K for the
fiscal year ended December 31, 2019,
which was filed with the SEC on March 10,
2020. Information regarding the persons who may, under SEC
rules, be deemed participants in the solicitation of proxies to
SAMA's stockholders in connection with the Business Combination is
set forth in the proxy statement/prospectus contained in the Form
S-4 for the Business Combination. Information concerning the
interests of SAMA's and Clever Leaves' participants in the
solicitation, which may, in some cases, be different than those of
SAMA's and Clever Leaves' equity holders generally, is set forth in
the proxy statement/prospectus contained in the Form S-4 relating
to the Business Combination.
Forward Looking Statements
This press release includes
forward-looking statements that involve risks and uncertainties.
Forward-looking statements are statements that are not historical
facts and may be identified by the words "estimates," "projected,"
"expects," "anticipates," "forecasts," "plans," "intends,"
"believes," "seeks," "may," "will," "should," "future," "propose"
and variations of these words or similar expressions (or the
negative versions of such words or expressions). Such
forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ from the forward-looking
statements. Factors that may cause such differences include,
without limitation, SAMA's and Clever Leaves' inability to complete
the transactions contemplated by the Business Combination; matters
discovered by the parties as they complete their respective due
diligence investigation of the other; the inability to recognize
the anticipated benefits of the Business Combination, which may be
affected by, among other things, the amount of cash available
following any redemptions by SAMA stockholders; the ability to meet
NASDAQ's listing standards following the consummation of the
Business Combination; costs related to the Business Combination;
expectations with respect to future operating and financial
performance and growth, including when Clever Leaves or Holdco will
become cash flow positive; the timing of the completion of the
Business Combination; Clever Leaves' ability to execute its
business plans and strategy and to receive regulatory approvals;
potential litigation involving the parties; global economic
conditions; geopolitical events, natural disasters, acts of God and
pandemics, including, but not limited to, the economic and
operational disruptions and other effects of COVID-19; regulatory
requirements and changes thereto; access to additional financing;
and other risks and uncertainties indicated from time to time in
filings with the SEC. Other factors include the possibility that
the proposed transaction does not close, including due to the
failure to receive required security holder approvals, the failure
to obtain an extension of the business combination deadline if
sought by SAMA or the failure to satisfy other closing conditions.
The foregoing list of factors is not exclusive. Additional
information concerning certain of these and other risk factors is
contained in SAMA's most recent filings with the SEC and is
contained in the Form S-4, including the proxy
statement/prospectus. All subsequent written and oral
forward-looking statements concerning SAMA, Clever Leaves or
Holdco, the transactions described herein or other matters and
attributable to SAMA, Clever Leaves, Holdco or any person acting on
their behalf are expressly qualified in their entirety by the
cautionary statements above. Readers are cautioned not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. Each of SAMA, Clever Leaves and Holdco
expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in their expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary
investor conference series that provides an interactive forum for
publicly-traded companies to meet and present directly with
investors.
A real-time solution for investor engagement, Virtual Investor
Conferences is part of OTC Market Group's suite of investor
relations services specifically designed for more efficient
Investor Access. Replicating the look and feel of on-site
investor conferences, Virtual Investor Conferences combine
leading-edge conferencing and investor communications capabilities
with a comprehensive global investor audience network.
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