MJBizMag February 2021 - 19

European Cannabis Company Raises $20 Million
Emmac Life Sciences, a European vertically integrated
cannabis producer, said it raised $20 million via an
issue of convertible loan notes.
The Dec. 16 issue " saw strong support from existing
Clever Leaves Goes Public
Shares of Clever Leaves Holdings began trading
on the Nasdaq on Dec. 18, making the Torontoheadquartered
company the first cannabis producer
with primary operations in Colombia to trade on a
large U.S. stock exchange. Clever Leaves Holdings was
formed by the acquisition of Schultze Special Purpose
Acquisition Corp. and Clever Leaves International for
approximately $205 million.
Kyle Detwiler, formerly CEO of Clever Leaves
International, will lead the new company.
shareholders, with Measure 8 Venture Partners,
Emmac's largest existing cash investor, leading the
round with a significant investment, " according to a
news release. Measure 8 Venture Partners is an investment
firm founded by Boris Jordan, who is also the
executive chair of the board of Massachusetts-based
multistate operator Curaleaf.
Have a company announcement you want us to
consider? Send a news release or general information
to omar.sacirbey@mjbizdaily.com.
(Note: We're looking for news about expansions,
financing, deals, partnerships and similar
developments, not product-related announcements.)
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February 2021 | mjbizdaily.com 19
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MJBizMag February 2021

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