SATIVUS TECH CORP - SATT STOCK NEWS

Saffron Tech, a subsidiary of Sativus Tech (OTC Pink: SATT), has successfully completed a proof of concept (POC) for its saffron cultivation technology in collaboration with Dreamtech Co in Korea. This milestone confirms the effectiveness of Saffron Tech's innovative methods for cultivating saffron corms and growth protocols, achieving all key performance indicators (KPIs). The POC validation is expected to pave the way for future partnerships and revenue growth.

Saffron Tech aims to meet the rising demand for high-quality saffron in the beauty, wellness, and pharmaceutical sectors. By offering premium-grade saffron cultivation and extraction technology, Saffron Tech plans to expand the reach and benefits of saffron products. This achievement positions the company to potentially lead the market with locally produced saffron and drive the development of new health and wellness products.

Saffron Tech, a subsidiary of Sativus Tech (OTC Pink:SATT), has launched a groundbreaking pilot facility in Tel Aviv, Israel, aimed at revolutionizing saffron cultivation through cost-effective methods. The facility uses cutting-edge technology and innovative agronomy to enhance sustainability and streamline cultivation processes, enabling four production cycles per year. This advancement is expected to make saffron more accessible globally.

The facility features Controlled Environment Agriculture (CEA) methods and an autonomous cultivation system, optimizing productivity and quality. Saffron Tech plans to leverage insights from this pilot to forge strategic partnerships and scale up production through commercial saffron farms. This initiative aims to meet the growing demand in the beauty, wellness, and nutraceutical sectors.

Saffron Tech appoints two new leaders to its Board of Directors to showcase its Controlled Environment Agriculture technology. The company secures a spot in the START Agritech program, connecting with investors and partners. The demand for high-quality saffron is increasing, and Saffron Tech aims to lead the market with its innovative technology.

Sativus Tech Corp (OTC: SATT) has appointed Uri Ben-Or as the new Chief Financial Officer to lead the company's financial strategies as it prepares to enter the B2B market. The company's subsidiary, Saffron Tech, is set to launch a Saffron Cultivation pilot site in Q2/2024 to demonstrate commercial production, tapping into a market projected to reach $3.7 billion by 2032. Ben-Or, an accomplished CFO with over 25 years of experience, aims to drive strong financial results and create value for shareholders.

Special guests, prominent chefs, and local business leaders will come together for a special four-course dinner featuring Sativus Tech's saffron, grown using vertical farming technology.

Sativus Tech's subsidiary, Saffron Tech, has secured a $1 million grant from the Israeli Innovation Authority. This funding will facilitate the development of a pilot facility utilizing vertical farming technology for saffron cultivation. This marks the second grant from the authority, coming after a recent investment agreement with Dreamtech Company offering an initial $1 million. Saffron Tech aims to transform the saffron market, providing a reliable supply for various industries including beauty and health. CEO Tal Wilk-Glazer expressed excitement over the grant, emphasizing its potential to enhance growth in the saffron sector. The Israel Innovation Authority's recognition highlights the innovative capabilities of Saffron Tech.

Sativus Tech Corp (OTC: SATT) announced a new investment agreement with Dreamtech Co, Ltd to enhance Saffron Tech’s R&D initiatives. Dreamtech will initially invest $1 million, with an additional $1 million contingent on successful saffron cultivation in Korea. This collaboration aims to utilize vertical farming technology to address a significant decline in saffron production due to climate change, with reports indicating over a 60% production reduction in India over the last 20 years. Saffron Tech seeks to meet rising global demand across beauty, wellness, and pharma sectors, positioning itself for commercialization and growth.

Sativus Tech Corp's subsidiary, Saffron Tech Ltd, has successfully raised $1.3 million through crowdfunding, increasing its market valuation to $11 million. Approximately 650 new investors joined, enhancing the company's shareholder base. The funds will be allocated towards finalizing protocols for growing saffron in indoor vertical farms and advancing R&D efforts. Sativus now holds a 70% stake in Saffron Tech. CEO Tal Wilk-Glazer emphasized investor confidence as a driving force for the company's growth initiatives. Saffron Tech aims to produce high-grade saffron for the health and wellness sectors, leveraging its proprietary technology.

Sativus Tech Corp (OTC: SATT) announced a strategic partnership with acclaimed Chef Meir Adoni to explore saffron-flavored food products, aiming to tap into the $1 billion saffron market. This collaboration seeks to position Saffron Tech's saffron as a premium culinary product. Chef Adoni will leverage his culinary expertise to innovate and incorporate saffron into dishes at his restaurants in New York, Berlin, and Tel Aviv. The company utilizes advanced vertical farming technology to enhance saffron production while focusing on its applications in the culinary, pharmaceutical, and nutraceutical fields.