Cannabis Company Clever Leaves Reports Q4 And 2023 Results: Revenue Growth And Expense Reductions
Clever Leaves Holdings Inc. (NASDAQ: CLVR) (NASDAQ: CLVRW) reported its financial results late Monday for the fourth quarter and full year concluded on December 31, 2023.
The company reported a 6% increase in revenue compared to the previous year, driven by a notable 39% rise in full-year cannabinoid revenue.
CEO Andres Fajardo highlighted in a press release the execution of strategic initiatives, emphasizing the enhancement of commercial and production operations alongside capital efficiency and cost structure optimization.
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In the fourth quarter of 2023, revenue surged by …