Save Foods (NASDAQ: SVFD), an Israeli agri-food tech company, today announced a distribution agreement with Israeli cannabis company BRLEV AGRICULTURAL CROPS LTD. (“BRLev”). Under the agreement, Save Foods will provide its eco crop protection treatment as a white-label offering to BRLev’s global network. Save Foods’ green alternatives to pesticides have been proven as highly effective on fruit and vegetables. “There is a huge need for our products in the cannabis industry to prevent and treat mold and pathogens. Recent regulations have been much tighter regarding microbial testing and pesticide residues, so there is a greater need for green solutions,” said Dr. Neta Matis, COO of Save Foods Ltd, the company’s Israeli subsidiary. “It is a logical step for Save Foods to expand into the cannabis market as our eco crop protection product addresses exactly this problem. BRLev is an excellent match to distribute Save Foods’ products via their expanding distribution network of cannabis growers. We believe that our advanced technology has the potential to become a natural alternative to radiation treatment, which is widely used for decontamination.”
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About Save Foods Inc.
Save Foods is an Israel-based agri-food tech company that addresses two of the most significant challenges in the fresh produce industry: food waste and loss and food safety. Save Foods is dedicated to delivering cost-effective, easy to implement solutions for improved safety, freshness and quality, every step of the way from field to fork. Collaborating closely with its customers, Save Foods develops technology that benefits the entire supply chain and improves the safety and quality of life of both workers and consumers. Save Foods’ initial applications are in post-harvest treatments in fruit and vegetable packing houses processing citrus, avocado, pears, bell peppers and mangos. By controlling and preventing pathogen contamination and significantly reducing the use of hazardous chemicals and their residues, Save Foods’ eco products not only prolong the shelf life of fresh produce and reduce food loss and waste, but they also ensure a safe-to-consume end-product. Save Foods’ treatment is approved for post-harvest use on cannabis by the California Department of Pesticide Regulation (“CDPR”). For more information about the company, visit www.SaveFoods.co.
NOTE TO INVESTORS: The latest news and updates relating to SVFD are available in the company’s newsroom at https://ibn.fm/SVFD
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