N2OFF: Save Foods to Target California’s Hemp Market
May 06 2024 - 6:13AM
N2OFF, Inc. (NASDAQ: NITO) (FSE:80W) (“N2OFF” or the “Company”), a
pioneer agri-food tech company offering sustainable solutions for
agriculture and plant-based food, announced today that its
subsidiary Save Foods Ltd. (“Save Foods”) is set to target the hemp
flower market in California. The Company recently announced that
the California Department of Pesticide Regulation approved and
registered the use of Save Foods’ pre-harvest treatment,
FieldProtect, based on compliance with provisions of California
laws and regulations pertaining to pesticide registration.
Hemp flowers are usually treated before
harvesting, the new approval allows the Company to address and
approach the California market.
A recent Census of Agriculture report released
by the U.S. Department of Agriculture revealed that California led
the nation in hemp flower acreage and production in 2022.
California produced 56% of all U.S. hemp flower, which is used to
extract CBD and other cannabinoids, including intoxicating
hemp-derived THC.
In previous trials conducted by a third party,
Save Foods’ proprietary eco crop protection solution demonstrated
up to 90% less disease development in cannabis inflorescences
compared to untreated plants. Risk of contamination is present at
every stage of the cultivation process. Beyond the health of the
plant itself, both medical patients and adult-use consumers may be
adversely affected by microbial contaminants. Pathogen contaminants
pose an obvious health risk and product recalls may cost companies
millions of dollars in lost profit and civil damages.
About N2OFF Inc:
N2OFF Inc. (formerly known as Save Foods, Inc.)
is an innovative agri-food tech company that through its three
operational arms delivers integrated solutions for improved safety,
quality, and sustainability every step of the way from field to
fork. Save Foods Ltd., N2OFF's majority-owned Israeli subsidiary,
focuses on post-harvest treatments in fruit and vegetables to
control and prevent pathogen contamination, significantly reduce
the use of hazardous chemicals, and prolong fresh produce’s shelf
life. NTWO OFF Ltd., N2OFF's majority-owned Israeli subsidiary,
contributes to tackling greenhouse gas emissions, offering a
pioneering solution to mitigate nitrous oxide (N2O) emissions, a
potent greenhouse gas with 265 times the global warming impact of
carbon dioxide. NTWO OFF Ltd., aims to promote agricultural
practices that are both environmentally friendly and economically
viable. N2OFF also has a minority ownership in Plantify Foods,
Inc., a Canadian company listed on the TSXV, that offers a wide
range of clean-label healthy food options that are nutritious,
gluten free, non-allergenic, use whole natural ingredients, and are
easy to prepare. For more information on Save Foods Ltd. and NTWO
OFF Ltd. visit our website: www.n2off.com.
Forward-looking Statements:
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. Because such statements deal with
future events and are based on our current expectations, they are
subject to various risks and uncertainties, Actual results,
performance, or achievements could differ materially from those
described in or implied by the statements in this press release.
The forward-looking statements contained or implied in this press
release are subject to other risks and uncertainties, including
market conditions as well as those discussed under the heading
“Risk Factors” in the Company’s Annual Report on Form 10-K filed
with the SEC on February 7, 2024, and in any subsequent filings
with the SEC. Except as otherwise required by law, we undertake no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release. We are not
responsible for the contents of third-party websites.
Investor Relations Contacts:Michal
Efratymichal@efraty.com
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