Clever Leaves Cannabis Operations Declared Carbon Neutral; a First for a Vertically Integrated Medicinal Cannabis Company
August 29 2023 - 9:00AM
Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW), a global
medicinal cannabis company, announced today that it has been
awarded the International Declaration of Carbon Neutrality by 100%
Carbon Neutral Program for its active commitment to environmental
sustainability and climate change mitigation. Clever Leaves is the
first known vertically integrated medicinal cannabis company
worldwide to have achieved international certification for
carbon-neutrality.
Clever Leaves is taking proactive steps to
address the challenges posed by climate change through implementing
a range of efficiency measures to curb carbon emissions and
preserve natural resources. These measures include using passive
techniques to harness solar energy and optimizing waste management
practices. The Company has also forged partnerships with local
recycling associations, initiated reforestation projects, and
integrated rainwater into its irrigation processes. Through
sustainable practices, the company repurposes or recycles more than
50% of waste into productive processes.
“At our core, we work for being a sustainable
company. We are among the first large vertically integrated
medicinal cannabis companies operating in the newly legal industry,
and it is incumbent on us to build an industry that is sustainable
and environmentally sound from the start. We feel that there is no
better time than now to double-down on our commitment to
sustainability and are dedicated to mitigating climate change
wherever possible. We are proud to know that our flower and
extracts being sold globally are grown and manufactured in a
carbon-neutral environment. Furthermore, we believe this will also
prove to be important to our clients, physicians, and patients.”
said Andres Fajardo, CEO of Clever Leaves.
While producing a kilogram of dried flower,
Clever Leaves generates just 16 kilograms of CO2, compared to
traditional "indoor" cultivation methods that generate up to 2,300
to 5,200 kilograms of CO2 per kilogram of dried flower. The
Company’s energy consumption per kilogram of dried flower is 62
kilowatt-hours, in stark contrast to "indoor" usage of up to 5,000
kilowatt-hours1
Through the implementation of sustainable
practices, Clever Leaves' carbon footprint stood at 318 tons of
carbon dioxide equivalent (CO2e) across all production operations
in 2022. Furthermore, Clever Leaves has offset its remaining
emissions by acquiring international carbon credits from
carbonfund.org and supporting emission reduction projects.
This entire process adheres to the GHG Protocol
standard and has undergone thorough evaluation and verification by
"La Tercera Mirada" and the "International 100% Carbon Neutral
Program.”
“The fight against climate change requires the
commitment of everyone, but mainly from companies that are leaders
in their industries. That is why working together with Clever
Leaves and turning them into the first Latin American company with
the 100% Carbon Neutral® Company certification, has been a truly
gratifying experience and one that solidifies the Latin American
fight against climate change.” said Javier Segura, COO for LATAM of
the 100% Carbon Neutral Program®.
About Clever Leaves Holdings
Inc.Clever Leaves is a global medicinal cannabis company.
Its operations in Colombia 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/
Press Contacts:Maria Petsanas / Anne
DonohoeKCSA Strategic Communicationscleverleaves@kcsa.com +1
917-692-6673
Commercial Contact:Andrew MillerHead of Global
Business DevelopmentAndrew.miller@cleverleaves.com+1
416-817-1336
______________________1 Transnational Institute. “Cannabis and
climate: The carbon footprint and energy use of indoor cultivation.
20 October 2022.
https://www.tni.org/en/publication/cannabis-and-climate
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