Sativus Tech Corp (OTC: SATT), an Agri-Food Tech company that is developing the protocols and technology for growing multiple annual cycles of saffron in its indoor vertical farms, announced Uri Ben-Or has been appointed as the new Chief Financial Officer. Ben-Or will be responsible for Sativus Tech’s financial strategies as the company prepares to enter the B2B market. His appointment takes effect on January 1, 2024.

Saffron Tech, Sativus Tech subsidiary, utilizes its advanced R&D cultivation technology within a Controlled Environment Agriculture (CEA) system, ensuring consistent, year-round, high-quality saffron production. Positioned to tap into a market projected to reach $3.7 billion by 2032, the company offers a one-stop shop for premium saffron ingredients and nutraceutical products. In Q2/2024, Saffron Tech will launch the first-of-its-kind Saffron Cultivation pilot site, demonstrating saffron commercial production.

“Uri is an accomplished CFO and business executive who has successfully led several publicly traded companies towards profitable growth,” said Tal Wilk Glazer, CEO of Sativus Tech. “He brings a proven track record of growing companies and driving strong financial results to create value for shareholders.”