Clever Leaves Holdings Inc. announced that it has entered into a five-year agreement with SOMAÍ Pharmaceuticals, to supply its operations in Portugal with EU-GMP certified CBD extracts from Colombia. With the first shipments under the agreement already completed, Clever Leaves will continue to supply EU-GMP pharmaceutical-grade APIs and CBD extracts, produced in the Company's facility in Colombia, to SOMAÍ for further
processing into finished products for patients across Europe. Positioned to be one of the largest players in Europe's medical cannabis market, SOMAÍ's goal is to design new dosage forms that deliver consistent quantities of active ingredients to patients by going beyond conventional drug delivery systems. These are the first commercial shipments Clever Leaves has sent to Portugal, adding to the more than 15 countries that Clever Leaves has exported to from its European Union Good Manufacturing Practices (EU-GMP) certified facility in Colombia.