Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 239

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 239
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 and cash flows of Sativus Tech, Corp, for the fiscal
year ended December 31, 2024 and 2023. The following discussion and analysis should be read in conjunction with the consolidated financial
statements and notes included elsewhere in this Form 10-K.

Executive Overview

SATIVUS TECH CORP. (formerly SEEDO CORP.) (the
“Company”, “Our” or “We”) was formed on January 16, 2015, under the laws of the State of Delaware.
Prior to July 2020, we were involved in producing a plant growing device managed and controlled by an artificial intelligence algorithm,
allowing consumers to grow their own herbs and vegetables effortlessly from seed to plant, while providing optimal conditions to assure
premium quality produce year-round. However, due to financial and operational difficulties in 2020, we ceased these operations and on
July 19, 2020, the Company formed a new wholly-owned subsidiary in Israel, Hachevra Legiduley Pkaot Beisrael Ltd. (the “New Subsidiary”),
to develop a fully automated and remotely managed system for growing saffron and other vegetables. On November 5, 2020, the New Subsidiary
changed its name to Saffron-Tech Ltd. (or “Saffron Tech”). As of the date of this report, and following various financings
in Saffron Tech, the Company owns 54% of Saffron Tech.

The Company, through Saffron Tech, is focusing
on development of agriculture and technological products, in the fields of exotic plants.

Saffron Tech has developed a comprehensive agronomic
and agrotechnical protocol for the cultivation of saffron. Moreover, the company has innovated proprietary Controlled Environment Agriculture
(CEA) technology, designed to execute, monitor, and optimize this cultivation protocol effectively. Furthermore, Saffron Tech has established
a meticulous extraction protocol to ensure the production of high-quality saffron extract. This holistic approach underscores the company's
commitment to advancing saffron cultivation and extraction through cutting-edge technological solutions.

Saffron Tech is poised to launch its proof of
concept pilot site for commercial saffron cultivation in the upcoming months. This initiative aims to introduce an advanced Controlled
Environment Agriculture (CEA) system, facilitating the year-round cultivation of saffron irrespective of external climatic conditions.
The system is engineered to ensure a continuous and