Clever Leaves Holdings soars as Q4 revenue rises

Clever Leaves Holdings

25/03/2022 11:04

** Shares of medical cannabis producer  CLVR.O  up 40.5% at
$2.22 premarket
    ** Stock posted best day in over a year on Thursday; closed
27.4% higher at $1.58
    ** Co says Q4 revenue rose 25% to $4.20 mln vs estimate
of$4.13 mln - Refinitiv data
    ** CLVR sees 2022 revenue between $20 mln and $25 mln
 urn:newsml:reuters.com:*:nGNXbWBrJm
    ** However, co posts wider-than-expected loss of 91 cents
per share vs est of 53 cents loss
    ** Stock down 49% YTD, as of last close 

 (Reporting by Eva Mathews in Bengaluru)
 ((Eva.Mathews@thomsonreuters.com;))