Clever Leaves Holdings Inc (CLVR)

[kahlua]

They need cash. That is why the stock price is so weak. They are selling Cansativa and the remaining Portugal assets along with using the at the market public shelf offering to try and buttress the balance sheet. The operational expenses are simply way too high and have been that way ever since the company went public. If they can grow cannabis that customers actually want for a change and they have success with flower exports then they could feasibly turn the corner in 2024 but management has an atrocious reputation at basically only knowing how to do one thing: squander enormous amounts of investor capital. A company could buy Clever just to use their enormous write offs.