Revenue increase 36% yoy. EXCLUSIVE: Colombia Is About To Legalize Cannabis - And Exports May Land On Your Doorstep Soon, This CEO SaysZuanic reiterated a overweight rating on Curaleaf as well as Clever Leaves Holdings Inc. CLVR, -6.45%, which supplies the German medical market from a grow operation

The ATM is the ceiling. Review the sec filings. Cannacord is dumping at will on any volume buying. Algos and shorts are playing games around this known dilution. Until scammacord backs off clvr is going nowhere. The stock can’t even get back over the .90 wall now so that’s an ominous sign that former floor is now current price ceiling. The ER were awful. The company clearly didn’t know what they were doing with the Columbian operation because if they had a plan they would have went about almost a year ago when the flower export decree was all but passed. Instead they waited until Q2 thanks I’m sure to a whole lot of help from Intercure. Now investors must wait numerous grow cycles and R&D test plots to see if they can properly right size Columbian operations and actually produce and successfully sell cannabis consumers actually want. Best case scenario is the action they took in Q2 bears some fruit by Q1 next year. This team has turned out to be all pitch and virtually no delivery. Quarterly opex still clocking in above 200%+ of revenues means the clock is ticking and this company can barely print shares fast enough to keep up with their obscene burn rate. $9.5M opex vs $1.3M in cannabis sales for Q2. Laughable. Honestly, probably the worst investment I ever made. I curse the day I ran across Kyles pre despac pitch. This was just another SPAC con job with a bait and switch investor deck pre and post despac. Honestly the best I can see anytime soon is a liquidity fed speculative run on US legislative reform and perhaps cannaocrd will have the decency to let CLVR run a little before they mercilessly dump lots into the bid again.

/r/CLVR Thread Parent