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Clever Leaves looks to grow its low-cost cannabis business by pursuing a SPAC go public strategy

Clever Leaves International Inc CEO Kyle Detwiler tells Proactive the privately-held group, which has built an EU-GMP certified cannabis operation in Bogota, Columbia, is aiming to grow the cannabis industry, by being one of the lowest cost manufacturer in the world. Detwiler says the group, which is pursuing a merger with blank check company Schultze Special Purpose Acquisition Corp.(NASDAQ: SAMA), is hoping to raise more capital through this type of go-public alternative than would be available with a traditional IPO.

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