Schultze Special Purpose Acquisition (CLVRW) Makes a Big Move: What Next?

The cannabis sector seems to be making a comeback in the markets and this week it is the Schultze Special Purpose Acquisition Corp. (NASDAQ: CLVRW) stock that has emerged as one of the notable gainers. The company, which is known for the production of pharmaceutical-grade CBD, made a major announcement on Tuesday.

The stock soared by as much as 100% on the back of that announcement. On February 9, it was announced that its nutraceutical manufacturing brand Herbal Brands signed a strategic partnership with TruSource Hemp Group and LooperGroup.

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By way of the agreement, TruSource and LooperGroup are going to help with the import of Clever Leaves’ products into the United States. It is a major development for the company considering the fact that it is one of the most lucrative markets in the world and opens up a world of new opportunities for Clever Leaves. It remains to be seen if the stock can maintain its momentum and deliver further gains this week.

 

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.