SVFD stock is getting lots of buzz on January 21, 2022, as the chart shows a compelling setup with little resistance and an explosion higher in large players volume.
Save Foods appoints Mia Serra as CMO
On January 12, 2022, Save Foods announced its Israeli subsidiary, Save Foods Ltd., has hired Mia Serra as its new Chief Marketing Officer. The addition of a marketing, IR & PR executive comes as Save Foods prepares to ramp up worldwide distribution of its product that dramatically reduces food waste and increases produce shelf life. Mia brings more than 15 years of marketing experience to Save Foods, where she will be in charge of brand strategy and all marketing communications. She will also be involved in the Company’s investor and public relations programs, providing timely insights into the Company’s progress and sharing important milestones with investors. Mia has extensive experience in B2C and B2B marketing, most recently as Senior Marketing Manager at MyHeritage and CMO of AgriTech company Tomgrow.
Save Foods Enters into Distribution Agreement with Cannabis Producer BRLEV AGRICULTURAL CROPS LTD. to Address Contamination in Cannabis Products
On January 6, 2022, Save Foods (NASDAQ: SVFD) (“Save Foods” or the “Company”), an Israeli Agri-Food Tech company announced a distribution agreement with Israeli cannabis company BRLEV AGRICULTURAL CROPS LTD. (“BRLev”) to provide Save Foods’ eco crop protection treatment as a white label offering to its global network. Save Foods’ green alternatives to pesticides are proven to be highly effective on fruit and vegetables
BRLev, is the distributor of one of the largest and unique stocks of medical cannabis strains, developed at the Volcani Centre, Israel’s largest agricultural research organization. These unique strains are distributed to leading cannabis farms. Applying Save Foods’ products on a range of different plants will give the Company the opportunity to confirm its wide-ranging effectiveness.
Asaf Bardichev, co-founder and CEO of BRLev, commented: “We are very excited to start working with Save Foods to introduce their product to growers and distribute it. Mold is a major problem in the cannabis industry as pesticide use is restricted and chemical additives usually affect the quality and flavor of the plant. With Save Foods’ eco crop protection treatment we can reduce crop loss and retain the delicate qualities of the plant.”
Cannabis is one of the fastest growing industries in the United States, and the cannabis market is projected to be worth over $100 Billion by 2030. California is currently the biggest cannabis market in the world, with $4.4 billion in salesThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... in 2020 and is a consistent leader in innovative and environmentally sensitive policies with the most comprehensive state pesticide regulation program in the nation, viewed as the gold standard by many other states and countries. In November 2021, Save Food’s product was approved for use on cannabis by the California Department of Pesticide Regulation (CDPR).
Cannabis crops are fast-growing and produce a high yield, which makes them, highly susceptible to mold and bacteria. Contaminated cannabis is potentially fatal when consumed by immunocompromised patients, so all crops are tested for microbial contamination. Around 10% of cannabis crops fail this test and crop loss has been identified as $3 billion problem for the industry by Cannabis Science and Technology.
Dr. Neta Matis COO of Save Foods Ltd, the Company’s Israeli subsidiary, commented: “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.
“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,” concluded Dr. Matis.
Save Foods Expands Presence in Mexican Agricultural Market
On December 21, 2021, Save Foods (NASDAQ: SVFD) announced it has initiated a commercial program in conjunction with Agrinet S. A. an agritech consultancy firm expert in introducing new products in Mexico. The program will initially include three packing house companies in Mexico that export to the United States and elsewhere worldwide, and Save Foods’ solutions will initially be applied to citrus, avocado, bell peppers and tomatoes.
Mexico is a major global producer and exporter of agricultural products; most notably avocados, where it accounts for approximately 30% of global production. Mexico additionally provides a significant share of the total world exports of citrus and melons (31%), tomatoes (24%), cucumbers (19%) and tropical fruit (22%), which include pineapples, mangos and guava.
Save Foods’ products mitigate bacterial contamination and prolong the shelf life of fresh produce and reduce food loss and waste, which represents a major economic burden for packing houses and retailers. An estimated 644 million tons of food are lost and wasted annually, with an estimated cost of roughly $680 billion in industrialized countries. Data from independent scientific studies and commercial use customers indicate treatment with Save Foods’ products may reduce decay at the retail level by at least 50%, providing further evidence of the key role Save Foods can play in reducing food loss and increasing cost efficiency.
Dan Sztybel, the Chief Executive Officer of Save Foods Ltd., the Israeli Subsidiary of Save Foods, Inc., commented, “As food concern continues to grow globally, demand for Save Foods’ effective food safety solutions is at a real tipping point. The success of our ongoing commercial programs around the world, especially in Mexico where we already sell to Sicar Farms, which recently converted four packing facilities responsible for the production of 40,000 ha of limes to use Save Foods’ products, led us to the decision to quickly expand our presence in Mexico. Mexican agriculture is thriving, and the growing export market is helping drive the economy. Packing houses are eager to implement our products because they are highly cost-effective. The plug and play nature of integration means no upfront or extra expenses, while ensuring food safety, increasing shelf life and reducing waste, which ultimately positively affects their bottom line.”
Save Foods is an innovative, dynamic company addressing two of the most significant challenges in the agri-food-tech industry: food waste & loss and food safety. Save Foods is dedicated to delivering integrated solutions for improved safety, freshness and quality, every step of the way from field to fork. Collaborating closely with its customers, Save Foods develops innovative solutions that benefit the entire supply chain and improve the safety and quality of life of both the workers and the consumers alike. 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’ products not only prolong fresh produce shelf life and reduce food loss and waste, but they also ensure a safe, green, and healthy product.
Save Foods expands commercial sales with Galille Export
On December 7, 2021, Save Foods announced its first commercial sales of its treatment for Medjool dates in the Arava region in Israel. oday’s news comes just weeks after the Company announced its first sales in the Arava region of its treatment for bell peppers. Broad-scale commercial treatment of Medjol dates will begin at one of Galilee Export’s packing house in the region and should expand in the next up-coming season.
Dror Eigerman, CEO of Galilee Export and member of the Company’s advisory board, commented on the announcement, “Demand for our Medjool dates continues to grow as consumers increasingly recognize their health benefits. However, growing and harvesting Medjools is more labor-intensive than other produce because they ripen on the tree, and only then are they picked, as opposed to other dates which ripen after harvesting. This process means Medjools have a higher cost than other dates. Save Foods treatments allow us to maximize the revenues of each harvest, while providing consumers with the highest quality product.”
Dan Sztybel, the Chief Executive Officer of Save Foods Ltd., the Company’s Israeli Subsidiary, commented on the announcement, “The benefits of Save Foods’ treatment are recognized on a continuously growing number of produce; Medjool dates being one of them. Our relationship with Galilee Export represents a significant opportunity for the Company beyond dates; they have a well-established and growing presence in the global produce market, and a reputation for high quality produce. I am confident that we will continue to expand our partnership to include new crops and exposure to new markets going forward.”
SAVE FOODS REPORTS ITS FIRST COMMERCIAL SALE OF PEROSTAR™ FOR THE TREATMENT OF BELL PEPPERS
On November 29, 2021, Save Foods (Nasdaq: SVFD) announced the first commercial sales of its PeroSTAR™ product to two of the leading bell pepper packing houses in Israel’s Arava region.
After their positive experience trying Save Foods’ treatment, the packing houses decided to fully integrate the Company’s product in their treatment process to ensure the optimal quality and shelf life of their bell peppers.
The Arava region produces approximately 60% of all of the fresh vegetables that Israel exports and bell peppers are the leading crop, largely sold to Russia, North America, and the UK.
This first commercial sale for the treatment of bell peppers in Israel comes on the heels of the Company’s recent regulatory approval of its product by the California Department of Pesticide Regulation (CDPR). That CDPR approval also covers bell peppers, a crop valued at $479 million in the United States, with California accounting for nearly 50% of peppers grown in that market.
Dan Sztybel, the Chief Executive Officer of Save Foods Ltd., the Company’s Israeli Subsidiary, commented on the announcement, “We are excited to see the first large scale commercial implementation of our product for the bell pepper market, especially here in the heart of Israel’s thriving agriculture industry. We believe that the use of Save Foods’ treatment will help the Arava packing houses export produce of the highest quality without fungicides or a trace of hazardous residue.”
📺 Save Foods Inc. technology Targets Massive Food Safety and Preservation Markets[embedyt] https://www.youtube.com/watch?v=MukIckMJ3aA[/embedyt]
📈 SVFD Stock Technical Analysis
The short-term trend is negative, as is the long-term trend. However, large players volume has exploded higher which is very bullish. It is usually a bad idea to go long stocks with negative trends. SVFD is currently trading near the lower end of its 52-week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52-week range, so SVFD is lagging the market.
There is a support zone ranging from 3.99 to 4.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
There is resistance at 4.50 from a horizontal line in the daily time frame. There is also resistance at 5.95 from a trend line in the weekly time frame. Finally, there are resistance levels at 7.15 and 7.39 from trend lines in the daily time frame.
Although the technical rating is bad, SVFD does present a nice setup opportunity. SVFD stock has a Setup Rating of 6 out of 10. Prices have been consolidating lately. There is very little resistance above the current price. Click here to sign up for email alerts on when SVFD stock has a Setup Rating of 8 or higher.