Sativus Tech Corp, an AgTech company that is developing the protocols to grow saffron using vertical farming technology, today announces that has formally changed its name from Sedo Corp to Sativus Tech Corp. The company also wishes to announce that it has executed a 1 for 10 reverse splits of its common stock and symbol change. The new symbol will be SEDOD and after 20 business days, the symbol will change to SATT.
Finally, the Company announces that its Israeli Subsidiary, Saffron-Tech appointed Tal Wilk-Glazer as the Saffron-Tech’s CEO. Wilk-Glazer joins Saffron-Tech after finishing her job at Salesforce as Salesforce's Industries Eastern Europe, Africa, and Israel regional director.
Tal Wilk-Glazer brings to the position about 20 years of experience in large and leading international technology and communications companies in their field, including: Salesforce, Vlocity, cVidya, and is one of the founders of the Vibo app, a smart application for managing the construction process intended for homeowners.
Tal Wilk-Glazer, CEO of Saffron-Tech noted: “I am very pleased to join a fascinating company that defines and leads a completely new market category. Joining a groundbreaking Israeli agro-tech company with a unique vision, which will fundamentally change the saffron market we know today, is a real challenge and opportunity. I believe that the experience I bring with me in leading complex development processes will allow me to take the company to the next level, and I am looking forward to the agricultural, technological and business challenges we face. I am confident that the future holds for the company surprising developments and significant successes. "