The Setúbal, Portugal, facility includes 900 square meters of factory space and 750 square meters of warehouse space. A wholly owned subsidiary of New York-based marijuana multistate operator Curaleaf Holdings has acquired a processing facility in Portugal from Colombian cannabis company Clever Leaves. Clever Leaves will see gross proceeds of approximately 2.5 million euros ($2.7 million) from the sale to Curaleaf International’s Terra Verde LDA subsidiary, according to a Clever Leaves news release. The deal is part of Clever Leaves’ exit from the Portugal cannabis market. The acquisition of the facility, which is European Union-Good Manufacturing Practice-certified, will streamline and accelerate Curaleaf International’s EU operations, according to a separate Curaleaf release.
A wholly owned subsidiary of New York-based marijuana multistate operator Curaleaf Holdings has acquired a processing facility in Portugal from Colombian cannabis company Clever Leaves.
Clever Leaves will see gross proceeds of approximately 2.5 million euros ($2.7 million) from the sale to Curaleaf International’s Terra Verde LDA subsidiary, according to a Clever Leaves news release.
The acquisition of the facility, which is European Union-Good Manufacturing...
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