Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Save Foods board approves plan for stock distribution of Plantify shares

Published Feb 12, 2024 07:54AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio

NEVE YARAK, Israel - Save Foods, Inc. (NASDAQ: SVFD) (FSE:80W), an agri-food tech company specializing in sustainable agricultural solutions, announced today that its board of directors has authorized the preparation of a distribution plan for the company's holdings in Plantify Foods, Inc. (PTFY.V). This strategic move is aimed at providing value to Save Foods' stockholders and is expected to be launched later in 2024.

Save Foods currently holds approximately 85 million common shares of Plantify, which accounts for a 23.1% ownership stake in the Canadian-based health food company. The proposed distribution is still pending, subject to necessary legal opinions and regulatory approvals.

The Israeli company operates through three subsidiaries. Save Foods Ltd. focuses on reducing pathogen contamination and chemical use in post-harvest fruits and vegetables, extending shelf life. Nitrousink Ltd., another subsidiary, offers solutions to reduce nitrous oxide emissions, a greenhouse gas significantly more potent than carbon dioxide.

This initiative is based on the company's press release statement.

InvestingPro Insights

As Save Foods, Inc. (SVFD) explores strategic initiatives to enhance shareholder value through its holdings in Plantify Foods, Inc., it's crucial to consider the company's current financial health and market position. According to real-time data from InvestingPro, Save Foods holds a market capitalization of approximately $4.64 million USD. Despite a challenging market environment, analysts have identified potential sales growth for Save Foods in the current year, reflecting optimism about the company's future performance.

The company's gross profit margin stands at a robust 52.79% for the last twelve months as of Q1 2023. This indicates that Save Foods has been effective in managing its production costs relative to revenue. However, it's worth noting that the company is not profitable over the last twelve months, with an operating income margin of -1799.97%, pointing to substantial expenses beyond gross profit.

InvestingPro Tips reveal that Save Foods' stock price has experienced significant volatility, trading near its 52-week low with a price performance that has declined over various time frames, including a -80.15% one-year price total return. This could suggest a potential buying opportunity for investors who believe in the company's long-term prospects and are comfortable with high-risk investments. Additionally, Save Foods holds more cash than debt on its balance sheet, which could provide some financial flexibility in executing its distribution plan for Plantify Foods.

For investors seeking more in-depth analysis and additional insights, there are over 13 InvestingPro Tips available for Save Foods at To access these tips and detailed metrics, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing a comprehensive toolset for informed investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Save Foods board approves plan for stock distribution of Plantify shares

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email