Save Foods, Inc. Increases Investment In Plantify Foods, Inc. By 55,004,349 Common Shares, Becoming Plantify Foods' Largest Shareholder, Increasing Its Interest In Plantify To 85,008,698 Shares, Or 23.13% Of Its Issued And Outstanding Share Capital
Portfolio Pulse from Benzinga Newsdesk
Save Foods, Inc. (NASDAQ:SVFD) has increased its investment in Plantify Foods, Inc. (TSXV:PTFY) by purchasing an additional 55,004,349 common shares, making it the largest shareholder with 23.13% of Plantify's issued and outstanding share capital. Save Foods' CEO, David Palach, expressed his belief in Plantify's potential and commitment to sustainable food production. The decision to increase the investment was based on the potential synergies between the two companies and the rapid global growth in interest and sales of Plantify's products.
October 02, 2023 | 1:15 pm
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Save Foods, Inc. has increased its stake in Plantify Foods, Inc., becoming its largest shareholder. This move could potentially bring synergies and growth opportunities for Save Foods.
Save Foods' decision to increase its stake in Plantify Foods indicates a strong belief in the potential of Plantify's products and its management team. This could lead to synergies and growth opportunities for Save Foods, which could positively impact its stock price in the short term.
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