Clever Leaves Cannabis Co Enters Mexico Via Supply Deal With CBD Life

Multinational cannabis operator, Clever Leaves Holdings Inc. CLVR is poised to enter the Mexican market through a supply deal with CBD Life Holdings SAPI de CV.

Under the terms of the agreement, the New York-based company will act as an active pharmaceutical ingredient supplier for the development and production of CBD Life's medical cannabis products.

Initially, Clever Leaves will supply the Mexican cannabis company with CBD isolate while looking to be the ongoing supplier for CBD Life.

"As a multinational cannabis operator with substantial operations in Latin America, it has always been one of our top goals to identify leaders in the region and build long-lasting commercial relationships," said Clever Leaves CEO Kyle Detwiler on Wednesday.

CBD Life's products are available in over 18 000 points of sale in Mexico. Its product portfolio currently features topicals, beverages and food supplements infused with hemp-derived CBD.

"CBD Life's brand positioning and local exposure are attractive, but it's their commitment to high-quality, pharmaceutical-grade medical cannabis products that makes this an ideal partnership," Detwiler added.

Janko Ruiz de Chavez, COO and co-founder of CBD Life, believes the partnership with Clever Leaves will "further propel our domestic and international expansion efforts thanks to their unmatched expertise and certifications that meet the highest standards and regulatory compliance equivalencies in most countries."

According to a recent report from Prohibition Partners for Latin America, the Mexican medical cannabis market is forecast to reach $60 million by 2024.

And while the country's lower chamber passed a revised version of the bill to legalize recreational marijuana in March, on April 30 Mexico's Congress failed to pass adult-use legalization orders that were handed down by five Supreme Court rulings, marking the fourth time the deadline has been missed.

Photo by Esteban Lopez on Unsplash

Posted In: CBD Life Holding SAPI de CVJanko Ruiz de ChavezKyle DetwilerMexicoCannabisNewsMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.