Partnership Will Supply Medical Cannabis Extracts To Czech Republic & Switzerland

Global medicinal cannabis company Clever Leaves Holdings Inc. CLVR CLVRW recently completed its inaugural shipment of medical cannabis extracts from Colombia to its partner, Astrasana Holding AG in Switzerland.

This milestone marks Clever Leaves' entry into the Swiss market where Astrasana holds its own position as a medical cannabis distributor.

According to Andres Fajardo, co-founder and CEO of Clever Leaves, the company’s “first commercial shipment of medical cannabis extracts to Astrasana in Switzerland marks a significant step towards our goal of expanding patient access to high-quality medical cannabis across Europe and beyond.”

Supply Agreement: According to a press release, the strategic partnership between Clever Leaves and Astrasana, under the established Supply Agreement, ensures a consistent and dependable supply of medical cannabis extracts at competitive prices.

“The Supply Agreement guarantees Astrasana a reliable and consistent supply of medical cannabis extracts at competitive prices, providing planning certainty and allowing for seamless operations,” said Yves Antoniazzi, CEO of Astrasana Holding.

“This partnership with Clever Leaves not only ensures a steady supply of premium medical cannabis products for Astrasana's customers but also intensifies the existing collaboration between the two companies, paving the way for future growth opportunities.”

Emerging In The European MMJ Market

In addition, Clever Leaves and Astrasana are making preparations for their first shipment of medical cannabis extracts to the Czech Republic. Astrasana, equipped with pharmaceutical operations and its own specialized pharmacy for medical cannabis, stands ready to facilitate the distribution and sale of these extracts within the country, per the release.

This strategic alliance and supply agreement between Clever Leaves and Astrasana allows the former to extend its presence in new European markets and also solidifies its position as a leading global provider of medical cannabis.

Notably, Switzerland and the Czech Republic recently experienced legislative changes favoring medical cannabis, making them key players in the emerging European cannabis industry.

“Through our strategic partnership with Astrasana, we look forward to aligning our capabilities and further penetrating new European countries such as Switzerland and the Czech Republic. As a company, we remain focused on driving innovation in the industry and creating safe, pharmaceutical-grade products for patients in need,” said Fajardo.

MMJ Products To Patients Worldwide

Clever Leaves, which has been operating since 2016, is widely recognized for its expertise in producing high-quality medical cannabis extracts. The company's commitment to upholding the industry's highest standards perfectly aligns with Astrasana's mission to provide safe and effective medical cannabis products to patients worldwide.

“With Clever Leaves' global reach and expertise in the cannabis industry, Astrasana is poised to strengthen its position further as a leading provider and distributor of medical cannabis in the Czech Republic and Switzerland,” concluded the release.

Related News:

Clever Leaves' Q1 Net Loss Drops Significantly After Operating Expenses Slashed By 48%

Clever Leaves And Praetorian Team Up To Produce Cannabis Genetics In Colombia

Photo: Courtesy of Budding on Unsplash


Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsPenny StocksMarketsAndres FajardoAstrasana Holding AGcannabis in ColombiaCannabis In Czech Republiccannabis in switzerlandClever Leaves Holdings Inc.Yves Antoniazzi
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on – Prices will increase very soon!