Private company

Clever Leaves Holdings Inc.

Canadian pharmaceutical preparations company, incorporated in British Columbia.

Last updated Oct 18, 2026.

Overview

IndustryPharmaceutical Preparations
HeadquartersA1
Incorporated inBritish Columbia, Canada²
Business addressBodega 19-B Parque Industrial Tibitoc Ph, Tocancipa - Cundinamarca, F8 251017²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

37.6%Gross margin³

-89.5%Operating margin³

-102.8%Net margin³

6.1%Revenue growth, 2023³

-73.9%Return on equity³

0.05×Debt to equity³

-$11.5MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2023

Cost of revenueOther costs

Cost of revenue62¢$10.9M
Research and development7¢$1.1M
Other costs31¢$5.3M
Income tax0¢$68.0K

Out of $17.4M in revenue.³ The company lost money this year.

Financial statements

Revenue⁴⁵⁶³$17.4M in 2023+122% since 2019

Gross profit⁴⁵⁶³$6.6M in 2023+111% since 2019

Operating income⁴⁵⁶³-$15.6M in 2023−57% since 2019

Net income⁴⁵⁶³-$17.9M in 2023−55% since 2019

Fiscal year	2019	2020	2021	2022	2023
Revenue	$7.8M⁴	$12.1M⁵	$15.4M⁶	$16.4M³	$17.4M³
Cost of revenue	$4.7M⁴	$4.7M⁵	$8.6M⁶	$9.2M³	$10.9M³
Gross profit	$3.1M⁴	$7.4M⁵	$6.8M⁶	$7.2M³	$6.6M³
Research and development		$1.0M⁵	$1.5M⁶	$1.7M³	$1.1M³
Operating income	-$36.5M⁴	-$28.5M⁵	-$57.2M⁶	-$46.9M³	-$15.6M³
Income tax	$0⁴	$0⁵	$950.0K⁶	-$6.4M³	$68.0K³
Net income	-$39.5M⁴	-$25.9M⁵	-$45.7M⁶	-$66.2M³	-$17.9M³
Earnings per share		-$3.34⁵	-$1.78⁶	-$51.70³	-$11.42³
Earnings per share (diluted)		-$3.34⁵	-$1.78⁶	-$51.70³	-$11.42³

Total assets⁴⁵⁶³$31.2M in 2023−67% since 2019

Total liabilities⁴⁵⁶³$7.0M in 2023−85% since 2019

Shareholders’ equity⁴⁵⁶³$24.2M in 2023−43% since 2018

Cash⁴⁵⁶³$6.8M in 2023−68% since 2018

Long-term debt⁴⁵⁶³$1.2M in 2023−96% since 2019

Fiscal year	2018	2019	2020	2021	2022	2023
Cash	$21.3M⁴	$12.0M⁴	$79.1M⁵	$37.2M⁶	$12.4M³	$6.8M³
Current assets		$23.5M⁴	$95.8M⁵	$60.4M⁶	$26.2M³	$13.9M³
Total assets		$95.7M⁴	$165.9M⁵	$116.2M⁶	$52.1M³	$31.2M³
Current liabilities		$6.1M⁴	$30.1M⁵	$27.2M⁶	$9.4M³	$5.8M³
Long-term debt		$33.7M⁴	$33.0M⁵	$7.6M⁶	$1.1M⁶	$1.2M³
Total liabilities		$45.5M⁴	$70.6M⁵	$43.4M⁶	$11.7M³	$7.0M³
Shareholders’ equity	$42.6M⁴	$50.2M⁵	$95.2M⁶	$72.8M³	$40.4M³	$24.2M³
Shares outstanding		8.3M shares⁴	24.9M shares⁵	26.6M shares⁶	1.5M shares³	1.7M shares³

Cash from operations⁴⁵⁶³-$11.5M in 2023−69% since 2019

Capital spending⁴⁵⁶³$31.0K in 2023−100% since 2019

Free cash flow⁴⁵⁶³-$11.5M in 2023−79% since 2019

Share buybacks⁵$0 in 2021

Fiscal year	2019	2020	2021	2022	2023
Cash from operations	-$37.1M⁴	-$22.0M⁵	-$36.2M⁶	-$29.1M³	-$11.5M³
Capital spending	$18.7M⁴	$3.7M⁵	$7.3M⁶	$1.3M³	$31.0K³
Free cash flow	-$55.7M	-$25.6M	-$43.5M	-$30.4M	-$11.5M
Share buybacks		$6.2M⁵	$0⁵

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Leadership

Who has led Clever Leaves Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Andres Fajardo2020–2022

Chief financial officer

2025

Chief executive officerAndres Fajardo Jul 6, 2022 to Jan 23, 2024⁹
Chief executive officerKyle Detwiler Dec 18, 2020 to Jan 18, 2022¹⁰
PresidentAndres Fajardo Dec 18, 2020 to Jan 18, 2022¹¹
Chief financial officerHenry R. Hague Iii. Feb 22, 2021 to Mar 12, 2024¹²
Chief financial officerAmit Pandey Dec 18, 2020 to Dec 22, 2020¹³

Board members and other officers (9)

Chief Regulatory OfficerJulian Wilches Dec 18, 2020 to Jan 23, 2024¹⁴
Board memberGeorge J. Schultze Feb 3, 2022 to Jun 27, 2023¹⁵
Board memberWilliam Muecke Mar 25, 2022 to Jun 30, 2023¹⁶
Board memberAndres Fajardo Dec 18, 2020 to Jan 23, 2024¹¹
Board memberElisabeth H. Demarse Dec 18, 2020 to Jun 27, 2023¹⁷
Board memberEtienne H. Deffarges Dec 18, 2020 to Jun 30, 2021¹⁸
Board memberGary M. Julien Dec 18, 2020 to Jun 30, 2023¹⁹
Board memberKyle Detwiler Dec 18, 2020 to Jan 18, 2022¹⁰
General counselDavid Kastin Jun 4, 2021 to Jul 6, 2022²⁰

Timeline

Jul 6, 2022New chief executive Andres Fajardo becomes CEO⁹
Dec 18, 2020New chief executive Kyle Detwiler becomes CEO¹⁰

Filings

180 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 33 major events, 53 insider forms, 10 large holders, 74 other. The latest 20:

May 21, 20243 OWNERSHIP DOCUMENT EDGAR
May 21, 2024SC 13D/A EDGAR
May 16, 202415-12G EDGAR
May 15, 2024SC 13D EDGAR
May 8, 2024EFFECT EDGAR
May 6, 2024S-8 POS REGISTRATION STATEMENT EDGAR
May 6, 2024S-8 POS REGISTRATION STATEMENT EDGAR
May 6, 2024S-8 POS REGISTRATION STATEMENT EDGAR
May 6, 2024POS AM POST-EFFECTIVE AMENDMENT NO. 5 TO FORM S-1 EDGAR
May 6, 202425 EDGAR
Apr 26, 20248-K CURRENT REPORT EDGAR
Apr 22, 2024EFFECT EDGAR
Apr 19, 2024AW AMENDMENT WITHDRAWAL EDGAR
Apr 17, 20248-K EDGAR
Apr 16, 2024POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
Apr 15, 2024S-3/A S-3 EDGAR
Apr 1, 202410-K EDGAR
Apr 1, 20248-K EDGAR
Mar 27, 2024424B3 EDGAR
Mar 27, 20248-K EDGAR

The 180 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 10 such filings since October 2021:

May 21, 2024SC 13D/A
May 15, 2024SC 13D
Jan 23, 2024SC 13G/A
May 23, 2023SC 13D/A
Apr 3, 2023SC 13D/A
Feb 9, 2023SC 13G/A
Feb 14, 2022SC 13G/A
Feb 14, 2022SC 13G/A
Feb 7, 2022SC 13D/A
Nov 16, 2021SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARClever Leaves Holdings Inc. filings on SEC EDGAR
2
SEC EDGARClever Leaves Holdings Inc. filings on SEC EDGAR
3
SEC EDGARClever Leaves Holdings Inc. 10-K for fiscal 2023
4
SEC EDGARClever Leaves Holdings Inc. 10-K for fiscal 2019
5
SEC EDGARClever Leaves Holdings Inc. 10-K for fiscal 2020
6
SEC EDGARClever Leaves Holdings Inc. 10-K for fiscal 2021
7
SEC EDGARClever Leaves Holdings Inc. 10-Q for fiscal 2023
8
SEC EDGARClever Leaves Holdings Inc. 10-Q for fiscal 2023
9
SEC EDGARAndres Fajardo, Chief executive officer
10
SEC EDGARKyle Detwiler, Chief executive officer
11
SEC EDGARAndres Fajardo, President
12
SEC EDGARHenry R. Hague Iii., Chief financial officer
13
SEC EDGARAmit Pandey, Chief financial officer
14
SEC EDGARJulian Wilches, Chief Regulatory Officer
15
SEC EDGARGeorge J. Schultze, Board member
16
SEC EDGARWilliam Muecke, Board member
17
SEC EDGARElisabeth H. Demarse, Board member
18
SEC EDGAREtienne H. Deffarges, Board member
19
SEC EDGARGary M. Julien, Board member
20
SEC EDGARDavid Kastin, General counsel