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Save Foods' Board of Directors Decide to Distribute Plantify Holdings to Stockholders Later in 2024 [Yahoo! Finance]

Save Foods, Inc. (SVFD) 
Company Research Source: Yahoo! Finance
Neve Yarak, Israel, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Save Foods, Inc. (NASDAQ: SVFD) (FSE:80W), a pioneer in sustainable solutions for agriculture, announced today that its board of directors agreed to authorize the Company's officers to begin preparing a distribution plan of Save Foods' holdings in Plantify Foods, Inc. (PTFY.V) (“Plantify”), which the Company believes will launch later in 2024. As of the current date, Save Foods currently holds 85,008,698 Common Shares of Plantify, representing 23.1% of the total number of issued and outstanding Common Shares of Plantify. The contemplated distribution remains subject to obtaining the requisite legal opinion and regulatory approvals, if and as needed Plantify Foods, Inc. ( www.plantifyfoods.com listed on the TSX-V (PTFY.V), offers a wide range of clean-label healthy food options that are nutritious, gluten free, non-allergenic, use whole natural ingredients, and are easy to prepare. About Save Foods: Save Foods, Inc. is an Show less Read more
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