Clever Leaves Holdings Inc. · OTC:CLVR
Clever Leaves — SPAC Merger (June 2020)
16 slides from Clever Leaves's SPAC merger presentation, Jun 1, 2020
Slide 1: Clever Leaves and Schultze Special Purpose Acquisition Corp. Announce Proposed Business Combination
CLEVER LEAVES AND SCHULTZE SPECIAL PURPOSE ACQUISITION CORP. ANNOUNCE PROPOSED BUSINESS COMBINATION June 2020 Investor Presentation
Slide 2: Key Leadership
Key Leadership World - class management team with a track record of outstanding execution Clever Leaves Schultze Special Purpose Acquisition Corp. Kyle Detwiler Chief Executive Officer Andrés Fajardo President Gary Julien Executive Vice President, Director George Schultze Chairman, President, & CEO
Slide 3: Investment Highlights
Investment Highlights 1 4 5 3 2 2 Pharmaceutical - grade, GMP - certified production authorized for export Thoughtfully constructed, vertically integrated multi - national operator Purpose - built for significant growth, profitability and operating leverage Exceptional operational, regulatory and ma
Slide 4: Clever Leaves – Vertically Integrated Platform
Distribution Clever Leaves – Vertically Integrated Platform Genetics Cultivation Ex t racti o n Research & Development Brands NORTH A M ERICA EUROPE LATIN A M ERICA (1) Note: Portugal pre - license approval obtained in Q4 2019; full licensing status expected 2H 2020 At its core, Clever Leaves levera
Slide 5: Global Footprint Supported by Low-Cost, High-Quality Production
Global Footprint Supported by Low - Cost, High - Quality Production Office Genetics and Cultivation Locations with B2B Sales (Supply Agreements) German Importer and Distributor (Licensed) Brands & Distribution German Distribution Assets Extraction and Formulation 1 - 10 em ploy e e s 10 - 100 em plo
Slide 6: Clever Leaves' Rapid Progression
Clever Leaves’ Rapid Progression • Clever Leaves receives initial extraction license 2016 • Clever Leaves receives high - THC cultivation license 2017 • Initial investment by Northern Swan Holdings • First greenhouse constructed and first crop planted 1H 2018 • Investment in Cansativa • Portuguese o
Slide 7: Colombia Leading the World
Colombia Leading the World Over 70% of all cut flowers imported into the US come from Colombia (1) Bogota 0 ƒ Equator Equatorial location creates ideal 12/12 hour cycle of sunlight for flowers “Given its cost advantages, we believe Colombia is positioned to become a major global export hub for canna
Slide 8: Ideally Suited for Industrial Scale Production
Ideally Suited for Industrial Scale Production 20 ƒ F (1) / 6.3 hours of daylight (1) Average cost per gram of $1.71 (2) Licensed cannabis companies: 250+ Average elevation: 567 ft Canadian cannabis Cost Ad vant a ge: VS VS VS Colombian cannabis 3x 65 ƒ F (3) / 12 hours of daylight (4) Average cost
Slide 9: EU GMP unlocks higher price points and creates first mover advantage
EU GMP unlocks higher price points and creates first mover advantage for Clever Leaves as global demand increases and more legal cannabis geograph ies emerge EU GMP Certification Would Set Clever Leaves Apart from Competitors 8 Not EU GMP - Certified (1,000+) EU GMP - Certified Flower Producers (~10
Slide 10: Colombia Greenhouse Cultivation Site #1
Colombia Greenhouse Cultivation Site #1 9 1,800,000 sq. ft. of greenhouse completed. Perpetual harvest cycle operating since November 2018. Note: Facility photos from November 2018 through July 2019 Phase 5 ready for expansion
Slide 11: Geography comparison: Canada, United States, Europe
~$ 9 . 30 E urope C a nad a US Geography Canada United States Europe Population (1) 38 million 327 million 741 million GDP (US$) (1) $1.7 trillion $20.5 trillion $18.8 trillion Cannabis Legality Legal and regulated Federally illegal Country - specific Start - up Costs Low West Coast: Very Low East C
Slide 12: Poised for Further International Expansion
Distribution Asset #1 Distribution Asset #2 Acquired 85 ha property with 100,000 sq. ft. of existing greenhouse south of Lisbon Envisage 10 - 30 ha of greenhouse and 100 ha of outdoor facilities Cultivation European - based regulatory expertise with expected certifications to create significant adva
Slide 13: Supply Agreement with Canopy Growth Corp.
Supply Agreement with Canopy Growth Corp. In December 2019, Clever Leaves finalized a LatAm supply agreement with Canopy Growth Corp., foreshadowing the B2B opportunity for Clever Leaves Agreement Highlights • Clever Leaves is slated to provide its partner with a steady supply of extracted cannabis
Slide 14: Global Opportunity Driving Outsized Growth
Global Opportunity Driving Outsized Growth 13 Note: US$ in B. Figures may not sum exactly due to rounding. TAM estimates include legal sales only Sources: Prohibition Partners “The Global Cannabis Report” published November 2019; Cowen research “Disruption Junction, The Cannabis Growth Function” pub
Slide 15: Disclaimer
Disclaimer 14 DISCLAIMER This presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to the proposed business combination between Clever Leaves, Inc. (“Clever Leaves” or the “Compan
Slide 16: Disclaimer (cont.)
Disclaimer (cont.) 15 Forward - Looking Statements This Presentation includes certain statements that are not historical facts but are forward - looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward - looking s