Friday, August 12, 2022 11:34:36 AM
It’s clear from the Q2 report that this company is learning hard lessons on the backs of investors and an inordinate amount of blown capital, (well over $60M just since despac)…with these ongoing inventory provisions, write offs, reorgs, optimization plans, right-sizing, and pivots, etc, etc. oh and let’s not forget how they’ve just recently brought Intercure in and magically the entire Columbian operation is sans harvest for the quarter! Reading between the lines, I think Intercure toured their facility in March, reviewed output, potency and genetics and took the CLVR team to school, said let’s pull out most of the plants and do it right. Management knew about the Columbian flower export decree last summer and they pivot in Q2 22? It just doesn’t add up and investors are not being given all the facts. Again.
Share structure continues to grow. The ATM offering was used post Q2 for another 2.8M shares sold at average price of $1.07. And they still have $23M left on the shelf offering. The shorts and algo gaming institutions clearly were “informed” by cannacord of the latest dilution because short interest almost doubled from July 15 to 30th after not really changing much for several months prior to this. The games these sharks play…and completely out in the open (flashing that big cocky smile to the toothless SEC).
That’s my rather cynical take after watching this one very closely for over 18 months and feeling quite the fool for buying Kyles original sales pitch.
Recent CLVR News
- Clever Leaves Announces Voluntary Delisting and SEC Deregistration • GlobeNewswire Inc. • 04/26/2024 08:10:00 PM
- Clever Leaves Reports Fourth Quarter and Full Year 2023 Results • GlobeNewswire Inc. • 04/01/2024 08:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:01:46 PM
- Clever Leaves and Paradise Seeds to Develop and Register Genetic Assets in Colombia • GlobeNewswire Inc. • 02/13/2024 01:30:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 02/01/2024 10:13:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 09:11:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:04:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:03:21 PM
- Clever Leaves Granted Australian GMP Certification for Cannabis Products by the Therapeutic Goods Administration (TGA) • GlobeNewswire Inc. • 01/03/2024 01:30:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 12/22/2023 09:19:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:13:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:11:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 10:00:34 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/09/2023 09:09:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:07:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 09:04:18 PM
- Clever Leaves Reports Third Quarter 2023 Results • GlobeNewswire Inc. • 11/09/2023 09:01:00 PM
- Clever Leaves to Hold Third Quarter 2023 Conference Call on Thursday, November 9, 2023 at 5:00 p.m. ET • GlobeNewswire Inc. • 11/02/2023 12:30:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 10/23/2023 08:52:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/23/2023 08:15:43 PM
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