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Clever Leaves Gets EU GMP Certification For Its Colombian Marijuana Operations

Multinational cannabis company Clever Leaves said it has received European Union Good Manufacturing Practices or EU GMP certification by the Croatian Agency for Medicinal Products and Medical Devices or HALMED.

The company obtained the certification for its pharmaceutical post-harvest facility and laboratory located outside Bogota, Colombia, to produce Active Pharmaceutical Ingredients or API, semi-finished and finished cannabis products for medical purposes.

The certification recognizes that Clever Leaves' production facilities comply with quality standards and production guidelines required by the EU for the manufacturing of cannabis and hemp-based pharmaceutical products.

According to Clever Leaves, its Colombian facility is the first medical cannabis facility to receive EU GMP certification in Latin America.

EU GMP certification is generally required to import medical cannabis products into the European Union. Clever Leaves said it expects the certification to broaden its ability to serve international markets.

"EU GMP certification greatly expands Clever Leaves' ability to serve the burgeoning European medical cannabis and hemp markets, which have very strict quality, compliance and regulatory requirements. EU GMP certification expands an early mover advantage for Clever Leaves in the pharmaceutical channel as global demand increases and more legal cannabis geographies emerge," said Kyle Detwiler, CEO of Clever Leaves.

Clever Leaves has 1.8 million square feet of current cultivation capacity in Colombia and extraction capacity of 108,000 kilograms per year, in addition to a pre-licensed cultivation operation in Portugal.

To date, the company has exported products to Australia, Brazil, Canada, Germany, Great Britain, Poland and the U.S.

Clever Leaves is the first and only Colombian cannabis company to be GMP certified by INVIMA, the Colombian food and drug agency, and is also the first to receive Good Agricultural and Collecting Practices or GACP certification in the Americas by the Control Union´s Medical Cannabis Standard (CUMCS).

In June, Clever Leaves said it intends to list on the Nasdaq through a merger with Schultze Special Purpose Acquisition Corp. (SAMA, SAMAW, and SAMAU).

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