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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Cannabis-Related Stock Clever Leaves Is Rising During Thursday's After-Hours Session

Clever Leaves Holdings Inc (NASDAQ:CLVR) shares are trading higher by 9.5% to $1.73 during Thursday's after-hours session after the company reported better-than-expected fourth-quarter sales results and reaffirmed FY22 guidance.

Clever Leaves Holdings reported quarterly sales of $4.20 million which beat the analyst consensus estimate of $4.13 million by 1.7%. This sales figure represents a 25% increase over sales of $3.35 million in the same period last year.

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