Clever Leaves Enters US Consumer CBD Market

BOCA RATON, Fla. – Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW), a multinational operator and licensed producer of pharmaceutical-grade cannabinoids, announced its entrance to the U.S. CBD market through the launch of its consumer-oriented CBD line JoySol™. JoySol is produced by Arizona-based Herbal Brands, Inc., a consumer goods manufacturer, wholesaler and direct-to-consumer e-tailer and a subsidiary of Clever Leaves.

Clever Leaves’ consumer brands division is introducing JoySol with quality CBD, minor cannabinoids and proprietary terpene blends at a mass-market-accessible price point. JoySol launches with oil drop blends, gummies and topicals that comprise a unique CBD Daily Care System, with easy-to-use products specific to each segment of the day – morning, mid-day and evening. The CBD Daily Care System is now available at joysol.com.

“CBD is a rapidly growing segment in the self-care and wellness category, yet we believe there is a dearth of high-quality product offerings and brands for both early-adopters of CBD and consumers which have not yet adopted products containing CBD,” said Kyle Detwiler, CEO of Clever Leaves. “The launch of JoySol makes CBD easily accessible to the everyday individual via a direct-to-consumer approach that marks our entry into the U.S. cannabinoid consumer market.”

“We want everyday consumers, from school teachers to construction workers to stockbrokers, to get more out of life, so we have leveraged CBD and other cannabinoids along with exclusive terpene blends to help support the body and mind,” said Bonnie Brown, Herbal Brands VP of Marketing.

Clever Leaves acquired Herbal Brands in 2019. Since the acquisition, Herbal Brands has expanded its access to more than 20,000 retail distribution points in the U.S. through sales of its well-established nutraceutical products. Clever Leaves believes this provides a strategic entry point and competitive advantage to the U.S. market as cannabinoids become federally legal and regulated.

(This information is primarily sourced from Clever Leaves Holdings Inc.  Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).