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Sativus Tech Corp (OTC: SATT) announced a strategic joint venture with Naveh Pharma to enhance R&D and revenue streams via saffron-based products. Currently, Naveh Pharma reports $1.3 million in annual revenues with $300,000 net profit and a growth rate of 30% annually. Saffron Tech will invest $1.5 million and hold 70% equity, supplying Naveh Pharma with at least 100 kg of saffron extract at over $2,000 per kg. This partnership aims to develop saffron-based pharmaceuticals and nutraceuticals, targeting global markets in 2022.
Sativus Tech Corp (OTC: SATT), formerly Seedo Corp, has launched a rebranding initiative to accelerate growth in the agricultural market. The company focuses on vertical farming technology to produce saffron, aiming to meet rising demand for exotic food products. Saffron Tech Ltd, a subsidiary, is developing protocols to grow saffron and other high-demand items. Recent research suggests saffron may offer natural alternatives for treating conditions like ADHD and depression, increasing its market potential. The company has also expanded its Board to enhance strategic capabilities.
Sativus Tech Corp (OTC: SEDOD), a pioneering AgTech firm, is expanding its saffron production in Golan Heights, Israel, as revealed by Deputy Speaker Zvi Houzer. The company has planted 25,000 saffron bulbs and is constructing a larger vertical farm for enhanced saffron cultivation. This initiative aims to disrupt Iran's 90% global saffron monopoly by establishing a reliable, year-round supply. The new technologies focus on addressing supply chain issues and increasing saffron's market potential across various sectors, including pharmaceutical and culinary.
