Amid challenges faced by the global cannabis market, Clever Leaves Holdings (NASDAQ: CLVR) (NASDAQ: CLVRW) has made a decisive move to maintain its listing on the U.S. stock exchange.

"As a result of the Reverse Share Split, every 30 common shares of the Company will automatically be converted into one common share, reducing the number of issued and outstanding common shares from approximately 45.7 million to approximately 1.5 million, based on the number of shares outstanding as of August 10, 2023," per a release from the multinational company.

Related Content: Clever Leaves Shares Trading Higher On Its Colombian Cannabis Launching In Australia

What Happened

As reported by MJBizDaily, Clever Leaves has undertaken a 30-to-1 share consolidation following …

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