Clever Leaves Partners With House of Kush for International Expansion
September 21 2022 - 6:00AM
Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW), a leading
multinational operator and licensed producer of
pharmaceutical-grade cannabinoids, announced a partnership today
with U.S. cannabis-branded genetic innovation company, House of
Kush, to be the exclusive grower and distributor of proprietary
genetics globally. Clever Leaves will be the exclusive producer of
various genetics for House of Kush outside of the United States and
Canada.
As the exclusive grower for House of Kush
globally, Clever Leaves will cultivate and commercialize House of
Kush proprietary genetics in its Colombia and Portugal facilities
for the duration of the three-year agreement, after completing an
initial evaluation and adaptation phase of the genetics for each
production location. This partnership will further strengthen
Clever Leaves’ portfolio of high THC smokable flower which is
already being sold in Germany, Israel, and Australia.
Clever Leaves will produce various House of Kush
strains including Bubba Kush Pre-98 and San Fernando Valley OG
Kush in Clever Leaves’ Colombia and Portugal facilities. In
Colombia, the company operates 18 hectares of cultivation and has
received multiple international certifications including European
Union Good Manufacturing Practices (EU GMP) Certification, a Good
Manufacturing Practices (GMP) Certification by Colombia National
Food and Drug Surveillance Institute – Invima, and Good
Agricultural and Collection Practices (GACP) Certification. Clever
Leaves’ Portugal facility is located on approximately nine million
square feet of land, consists of approximately 260,000 square feet
of greenhouse facilities, and was granted a license from INFARMED
I.P., the Portuguese regulatory authority with oversight over the
pharmaceutical industry in Portugal, for importing, exporting, and
cultivating cannabis, (EU GMP) certification and are (GACP)
certified.
Andres Fajardo, Clever Leaves’ CEO, stated, “The
strategic partnership with House of Kush leverages both companies
core capabilities. On the one hand, it will allow Clever Leaves to
further expand its flower portfolio with globally renowned
genetics. On the other hand, it will serve as a platform for House
of Kush to expand their coverage beyond the United States and
Canada. Together we will be able to bring high quality product to
patients at a global level on a consistent basis.”
Steve Gardner, co-founder of House of Kush,
said, “This agreement expands our market presence beyond America in
a meaningful and significant way. By working with a global leader
in Clever Leaves, this enables us to deliver our legacy
genetics to customers around the world who want to incorporate some
of the all-time great strains into their routines. We will bring
strains people recognize with a brand they can trust for product
consistency.”
Clever Leaves and House of Kush will work
together to develop the proper cultivation protocols to best meet
those required by the different genetics. The strains being grown
will be offered to Clever Leaves customers globally, through the
Company’s sales and distribution channels, and depending on
specific business strategies House of Kush might provide marketing
and sales support or extend the participation in co-branding
efforts.
About Clever Leaves Holdings
Inc.Clever Leaves is a leading multinational operator and
licensed producer of pharmaceutical-grade cannabinoids. Its
operations in Colombia and Portugal produce cannabinoid active
pharmaceutical ingredients (API) and finished products in flower
and extract form to a growing base of B2B customers around the
globe. Clever Leaves aims to disrupt the traditional cannabis
production industry by leveraging environmentally sustainable,
ESG-friendly, industrial-scale and low-cost production methods,
with the world’s most stringent pharmaceutical quality
certifications. For more information, please
visit https://cleverleaves.com/en/home/ and follow Clever
Leaves on Twitter and LinkedIn.
About House of KushHouse of
Kush is a leading legacy genetics cannabis company based in the
United States. They currently have partners in eight states, with
several more being added in 2023. As a majority Black-owned
business, House of Kush has a social equity strategy that
includes developing economic opportunity in Black and brown
communities across the country. They offer a customized portfolio
of products in each state backed by the ‘Kush Certified’ logo,
guaranteeing customers are getting the legitimate legacy product.
As a company, they are dedicated to high-quality products with
sustainably focused partners. For more information, please visit
https://www.houseofkush.co and follow Kush Certified on FB, LI and
Instagram.
Press Contacts:Rich DiGregorioKCSA Strategic
Communications+1-856-889-7351cleverleaves@kcsa.com
Diana SigüenzaStrategic Communications
Director+57-310-236-8830diana.siguenza@cleverleaves.com
Clever Leaves Commercial Inquiries:Andrew
Miller Head of Business
Development+1-416-817-1336andrew.miller@cleverleaves.com
House of Kush Media Relations:Rob
Wheatrhwheat@gmail.com+1-913-642-5767
Clever Leaves Investor Inquiries:Cody Slach and
Jackie KeshnerGateway Group, Inc.
+1-949-574-3860CLVR@gatewayir.com
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