{"id":746616,"date":"2023-04-11T08:50:07","date_gmt":"2023-04-11T12:50:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/clever-leaves-and-praetorian-announce-exclusive-agreement-to-produce-cannabis-genetics-in-colombia\/"},"modified":"2023-04-11T08:50:07","modified_gmt":"2023-04-11T12:50:07","slug":"clever-leaves-and-praetorian-announce-exclusive-agreement-to-produce-cannabis-genetics-in-colombia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/clever-leaves-and-praetorian-announce-exclusive-agreement-to-produce-cannabis-genetics-in-colombia\/","title":{"rendered":"Clever Leaves and Praetorian Announce Exclusive Agreement to Produce Cannabis Genetics in Colombia"},"content":{"rendered":"<h2>\nClever Leaves and Praetorian have partnered to produce state-of-the-art cannabis flower and other products from Clever Leaves\u2019 GACP and GMP-certified cultivation facility in Colombia<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">TOCANCIP\u00c1, Colombia, April  11, 2023  (GLOBE NEWSWIRE) &#8212; Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (\u201cClever Leaves\u201d or the \u201cCompany\u201d), a global medical cannabis company, announced today its commercial agreement with US-based Praetorian Global Inc. (\u201cPraetorian\u201d), a leading brand owner and intellectual property provider to the global cannabis and hemp industry, to produce premium quality cannabis flower and downstream products from Clever Leaves cultivation facility in Colombia for distribution globally. Flower products resulting from the partnership will be available by Q2 2024 to medical cannabis patients globally, including the European Union, United Kingdom, and Australia.<\/p>\n<p align=\"justify\">The agreement between Clever Leaves and Praetorian will allow Clever Leaves to access new technology and genetics to complement the Company\u2019s portfolio of products and further enable the licensing and commercialization in international markets of exclusive genetics for Clever Leaves that are strongly identified and driven by Praetorian-owned cultivation IP.<\/p>\n<p align=\"justify\">Beginning in early-2022, Praetorian launched its genetic licensing line of business and currently has executed agreements with licensees whose total global canopy exceeds 8 million square feet. Praetorian\u2019s genetic library is now widely considered to include not only the most flavor-forward and aesthetically pleasing, but also the most production-efficient and highest yielding genetics in the industry, particularly through its Oni Seed Co. (\u201cOni\u201d) portfolio and expertise.<\/p>\n<p align=\"justify\">Praetorian is also well-known in the US and international legal cannabis communities for its products cultivated from carefully developed genetics, including through the Binske and Oni consumer-facing brands. Praetorian provides access to its intellectual property mainly through licensing agreements with exclusive partners to ensure that its brands, genetics, and products maintain efficacy and consistency across all markets. By the end of 2023, Praetorian currently expects that its products will be sold across four continents.<\/p>\n<p align=\"justify\">Under the agreement, Clever Leaves and Praetorian will select specific strains for initial trials at the Company\u2019s Colombian cultivation, from which the R&amp;D team at Clever Leaves will be able to further progress in its product portfolio, offering a more diverse variety of carefully characterized cannabis solutions for medicinal purposes around the world. The partnership also includes a license of know-how and procedures to jointly achieve high-quality cannabis products from Clever Leaves\u2019 cultivation and production facilities in Colombia.<\/p>\n<p align=\"justify\">\u201cOur partnership with Praetorian will enable us to come together and produce the best genetics through Colombia\u2019s prime cultivation conditions and the utilization of innovative technology with support from Praetorian. We are thrilled to be working with one of the most prominent names in the U.S. cannabis industry to produce high-quality cannabis genetics, which continues to be a key priority for Clever Leaves,\u201d said Andr\u00e9s Fajardo, CEO of the Company. \u201cWe are aligned with Praetorian in our plans to grow our R&amp;D efforts and our dedication to providing an elevated experience with the best cannabis products for patients.\u201d<\/p>\n<p align=\"justify\">\u201cThis partnership is in line with our strategic focus of expansion and diversification across emerging international cannabis markets and sales channels, which collectively represent one of the fastest growing segments in the industry,\u201d said Jacob Pasternack, Founder, Chairman and CEO of Praetorian. \u201cWe believe Clever Leaves has unique potential to capitalize on this burgeoning opportunity.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Clever Leaves Holdings Inc.<\/strong><br \/>\n        <br \/>Clever Leaves is a global medical cannabis company. Its operations in Colombia produce EU GMP cannabinoid active pharmaceutical ingredients (API) and finished products \u200bin flower and extract form\u00a0to 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\u2019s most stringent pharmaceutical quality certifications. For more information, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oxJshRjdUYz8meTzJpOYQB4moPsUGX7q83m89aM_6ViSZqGA5tsOCvernshbXuMaKvGpeKVGsTcFV-AMDp5bbZwjlHrkeH09nIwNP_lYcUNbtWHJmsgRu8WJsNWCtu8Y\" rel=\"nofollow noopener\" target=\"_blank\"><u>https:\/\/cleverleaves.com\/en\/home\/<\/u><\/a> and follow Clever Leaves on Twitter and LinkedIn.<\/p>\n<p>\n        <strong>About Praetorian<\/strong>\n      <\/p>\n<p align=\"justify\">Praetorian is a leading brand owner and intellectual property provider to the global cannabis and hemp industry. Praetorian creates and develops unique portfolios of cannabis, hemp and lifestyle-related intellectual property, including specialized and proprietary product formulations, cultivars, and cultivation and production methodologies and techniques leading to award-winning premium consumer cannabis and hemp products. Praetorian, through its house of brands (including Binske and Oni) and its genetic licensing line of business, provides access to its vast library and portfolio of intellectual property and over 100 years of combined cannabis cultivation and genetics knowledge and experience primarily through licensing arrangements with partners ranging from craft producers to multi-state operators and large-scale cultivators, enabling those partners to bring Praetorian\u2019s and their own brands and products to market. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-Av9b-wObxGSyGTVYpn_sls5sgLHYw_SBz0rSImVS14Kba7eAHvezwe8pVk8HwNlW1N2U2w6bXZY2ZUh_jDIfEh7yjymstG_NN7h44rjZdE=\" rel=\"nofollow noopener\" target=\"_blank\">www.praetorianglobal.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Clever Leaves Press Contacts:<\/strong>\n      <\/p>\n<p align=\"justify\">Rich DiGregorio<br \/>KCSA Strategic Communications<br \/>+1-856-889-7351<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L4-ZyTpQn8108MsciAimniaYPQ1evV1w3p3ae5Vn-NgRoeJIBUbcmbTQGyq31aTfwy5cSYAgvAKfYcHbQRvViwOkd5ECfun4LXjNMepIBdg=\" rel=\"nofollow noopener\" target=\"_blank\">cleverleaves@kcsa.com<\/a><\/p>\n<p>\n        <strong>Clever Leaves Investor Inquiries:<\/strong>\n      <\/p>\n<p align=\"justify\">Cody Slach and Jackie Keshner<br \/>Gateway Group, Inc. <br \/>+1-949-574-3860<br \/>CLVR@gatewayir.com<\/p>\n<p>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwNTcwNiM1NTE4OTA4IzIxODM1OTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZTY2YmE3ZWMtODMzMS00NzA0LWI1NjUtZDlhY2U2ZGY0NjI3LTExOTUxNTU=\/tiny\/Clever-Leaves.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Clever Leaves and Praetorian have partnered to produce state-of-the-art cannabis flower and other products from Clever Leaves\u2019 GACP and GMP-certified cultivation facility in Colombia TOCANCIP\u00c1, Colombia, April 11, 2023 (GLOBE NEWSWIRE) &#8212; Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (\u201cClever Leaves\u201d or the \u201cCompany\u201d), a global medical cannabis company, announced today its commercial agreement with US-based Praetorian Global Inc. (\u201cPraetorian\u201d), a leading brand owner and intellectual property provider to the global cannabis and hemp industry, to produce premium quality cannabis flower and downstream products from Clever Leaves cultivation facility in Colombia for distribution globally. Flower products resulting from the partnership will be available by Q2 2024 to medical cannabis patients globally, including the European Union, United Kingdom, and Australia. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/clever-leaves-and-praetorian-announce-exclusive-agreement-to-produce-cannabis-genetics-in-colombia\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Clever Leaves and Praetorian Announce Exclusive Agreement to Produce Cannabis Genetics in Colombia&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-746616","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Clever Leaves and Praetorian Announce Exclusive Agreement to Produce Cannabis Genetics in Colombia - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/clever-leaves-and-praetorian-announce-exclusive-agreement-to-produce-cannabis-genetics-in-colombia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clever Leaves and Praetorian Announce Exclusive Agreement to Produce Cannabis Genetics in Colombia - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Clever Leaves and Praetorian have partnered to produce state-of-the-art cannabis flower and other products from Clever Leaves\u2019 GACP and GMP-certified cultivation facility in Colombia TOCANCIP\u00c1, Colombia, April 11, 2023 (GLOBE NEWSWIRE) &#8212; Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (\u201cClever Leaves\u201d or the \u201cCompany\u201d), a global medical cannabis company, announced today its commercial agreement with US-based Praetorian Global Inc. (\u201cPraetorian\u201d), a leading brand owner and intellectual property provider to the global cannabis and hemp industry, to produce premium quality cannabis flower and downstream products from Clever Leaves cultivation facility in Colombia for distribution globally. Flower products resulting from the partnership will be available by Q2 2024 to medical cannabis patients globally, including the European Union, United Kingdom, and Australia. 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(NASDAQ: CLVR, CLVRW) (\u201cClever Leaves\u201d or the \u201cCompany\u201d), a global medical cannabis company, announced today its commercial agreement with US-based Praetorian Global Inc. (\u201cPraetorian\u201d), a leading brand owner and intellectual property provider to the global cannabis and hemp industry, to produce premium quality cannabis flower and downstream products from Clever Leaves cultivation facility in Colombia for distribution globally. Flower products resulting from the partnership will be available by Q2 2024 to medical cannabis patients globally, including the European Union, United Kingdom, and Australia. 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