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NEW YORK, June 16, 2021 (GLOBE NEWSWIRE) — Intelligent Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Intelligent Leaves” or the “Firm”), a number one multinational operator and licensed producer of pharmaceutical-grade cannabinoids, introduced it has entered into an energetic pharmaceutical ingredient (“API”) provide settlement with CBD Life Holding SAPI de CV (“CBD Life”), an rising chief within the Mexican hashish trade which presents a line of CBD Wellness and shopper merchandise and medical hashish merchandise that are underneath growth. Below the settlement, Intelligent Leaves will act because the API provider for the event and manufacture of CBD Life’s medical hashish merchandise. Commencing with CBD isolate, Intelligent Leaves goals to be the continued provider of the required APIs for CBD Life’s product manufacturing functions.
The partnership is Intelligent Leaves’ first industrial settlement within the Mexican market, and it comes shortly after laws have been absolutely permitted within the nation, offering a strategic development alternative in one of many world’s largest pharmaceutical markets.
CBD Life has vital distribution in Mexico, with their merchandise accessible in additional than 18,000 factors of sale. The corporate has established itself as an early-mover with regards to offering cannabis-based merchandise to the Mexican market. It additionally has shaped strategic alliances with a few of Mexico’s largest media teams and is the primary hashish firm to launch a nationwide promoting marketing campaign for non-psychoactive cannabinoid-based shopper merchandise.
“As a multinational hashish operator with substantial operations in Latin America, it has all the time been one among our high targets to establish leaders within the area and construct long-lasting industrial relationships,” stated Kyle Detwiler, CEO of Intelligent Leaves. “CBD Life’s model positioning and native publicity are engaging, however it’s their dedication to high-quality, pharmaceutical-grade medical hashish merchandise that makes this a perfect partnership.”
CBD Life’s present product line is comprised of topicals (together with the normal Hispanic family model “Mariguanol”), drinks, and meals dietary supplements infused with hemp-derived CBD. With a crew with greater than 40 years of expertise in model constructing and pharmaceutical distribution, CBD Life is strongly positioned to develop and market secure and progressive hashish pharmaceutical options.
“We really feel very lucky to have the chance to work with Intelligent Leaves on our mission to develop secure and accessible pharmaceutical-grade hashish drugs of the best high quality. Our partnership will additional propel our home and worldwide growth efforts due to their unmatched experience and certifications that meet the best requirements and regulatory compliance equivalencies in most international locations,” stated Janko Ruiz de Chavez, COO and co-founder of CBD Life.
In line with a current report from Prohibition Companions for Latin America and the Caribbean (2020), the medical hashish market in Mexico might be price 60 million USD by 2024. The current regulatory modifications that enable for the manufacturing and commercialization of medical hashish, in addition to stringent necessities for product commercialization, makes Intelligent Leaves, who produces pharmaceutical grade, EU GMP-certified hashish, a perfect associate for corporations eager to enter the medical hashish area in an efficient, agile, and compliant method.
About Intelligent Leaves
Intelligent Leaves is a multinational hashish firm with an emphasis on ecologically sustainable, large-scale cultivation and pharmaceutical-grade processing because the cornerstones of its world hashish enterprise. With operations and investments in america, Canada, Colombia, Germany and Portugal, Intelligent Leaves has created an efficient distribution community and world footprint, with a basis constructed upon capital effectivity and fast development. Intelligent Leaves goals to be one of many trade’s main world hashish corporations acknowledged for its ideas, individuals, and efficiency whereas fostering a more healthy world group. Intelligent Leaves has acquired a number of worldwide certifications which have enabled it to extend its export and gross sales capability from its Colombian operations, together with European Union Good Manufacturing Practices (EU GMP) Certification, a Good Manufacturing Practices (GMP) Certification by Colombia Nationwide Meals and Drug Surveillance Institute – Invima, and Good Agricultural and Gathering Practices (GACP) Certification. Intelligent Leaves was granted a license in Portugal from Infarmed – the Portuguese well being authority – which permits Intelligent Leaves to domesticate, import and export dry flower for medicinal and analysis functions. As well as, the Portuguese operation was granted certification of compliance with GACP and IMC-GAP. https://cleverleaves.com/en/home/.
About CBD Life
CBD Life is the biggest distribution and brand-building firm for hashish derived merchandise in Mexico. With a presence in additional than 18,000 factors of sale, CBD Life focuses on wellness shopper merchandise and pharmaceutical grade drugs. The corporate’s mission is to supply progressive and accessible hashish options of the best high quality that promote more healthy existence.
Ahead Wanting Data
This Press Launch consists of sure statements that aren’t historic info however are forward-looking statements for functions of the secure harbor provisions underneath america Personal Securities Litigation Reform Act of 1995. Ahead-looking statements typically are accompanied by phrases reminiscent of “anticipate”, “imagine”, “proceed”, “estimate”, “anticipate”, “forecasts”, “future”, “intend”, “might”, “outlook”, “plan”, “predict”, “potential”, “projected”, “search”, “appear”, “ought to”, “will”, “would” and comparable expressions (or the adverse variations of such phrases or expressions) that predict or point out future occasions or developments or that aren’t statements of historic issues. Such forward-looking statements are topic to dangers and uncertainties, which may trigger precise outcomes to vary from the forward-looking statements. Elements that will trigger such variations embody, with out limitation, expectations with respect to future working and monetary efficiency and development, together with if or when Intelligent Leaves will develop into worthwhile; Intelligent Leaves’ skill to execute its enterprise plans and technique and to obtain regulatory approvals; potential litigations; world financial situations; geopolitical occasions, pure disasters, acts of God and pandemics, together with, however not restricted to, the financial and operational disruptions and different results of COVID-19; regulatory necessities and modifications thereto; and entry to financing. The foregoing checklist of things just isn’t unique. Further info regarding sure of those and different threat elements is contained in Intelligent Leaves’ most up-to-date filings with the SEC. All subsequent written and oral forward-looking statements regarding Intelligent Leaves and attributable to Intelligent Leaves or any individual appearing on its behalf are expressly certified of their entirety by the cautionary statements above. Readers are cautioned to not place undue reliance upon any forward-looking statements, which communicate solely as of the date made. Intelligent Leaves expressly disclaims any obligations or enterprise to launch publicly any updates or revisions to any forward-looking statements contained herein to mirror any change in its expectations with respect thereto or any change in occasions, situations or circumstances on which any assertion is predicated.
Press Contacts:
USA:McKenna Miller KCSA Strategic Communications +1-347-487-6197mmiller@kcsa.com
Diana SigüenzaStrategic Communications Director+57-310-236-8830Diana.siguenza@cleverleaves.com
Alejandro MontañoWorldwide Enterprise Director CBD Life+33767290602amontano@cbdlife.com.mx
Intelligent Leaves Investor Inquiries: Cody SlachGateway Investor Relations+1-949-574-3860CLVR@gatewayir.com Intelligent Leaves Business Inquiries:Gustavo EscobarDirector Comercial para América Latina+57-300-324-5874Gustavo.escobar@cleverleaves.com
Andrew MillerVice President Gross sales – EMEA, North America, and Asia-Pacific+1-416-817-1336andrew.miller@cleverleaves.com
Supply: Intelligent Leaves
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