Clever Leaves Holdings Inc.
is expanding its partnership with German cannabis distributor and wholesaler Cansativa GmbH.
The move comes on the heels of Cansativa’s announced series B fundraise. The financing enhanced Cansativa’s ability to grow, capitalize on the existing medical cannabis market and prepare for entry to the potential German recreational market.
Under that deal, Casa Verde Capital, LLC agreed to lead an investment round into Cansativa of up to $15 million, followed by other additional investors. This financing round will assist Cansativa in capitalizing on its strong position in the German cannabis market, as well as preparing for the potential German recreational market.
Clever Leaves Sales Agreement With Cansativa
In connection with Cansativa’s Series B capital raise, Clever Leaves’ indirect, wholly owned subsidiary, Clever Leaves Portugal Unipessoal, Lda. and Cansativa entered a three-year commercial supply agreement.
