HIT THEM IN THE POCKETBOOK: Israeli Groundbreaking Technology by Saffron Tech Challenges Iranian 1,000-Year Monopoly on the Lucrative $1B Saffron Market.

Saffron Tech, an Israeli wholly owned subsidiary of Seedo Corp. (OTCQB: SEDO), announced its technology for automated, year-round saffron growing, is challenging the global Iranian monopoly on saffron supply of 90-95% of world demand, which has been in place for the past 1,000 years!

The reason Iran was the dominant player in supplying 90-95% of world demand for Saffron lies in the fact it has natural conditions fit for the growing and production of saffron in traditional, labor intensive methods.

Saffron Tech, from Seedo Corp., is developing a technology that hopes to provide turnkey automated growing solutions for high-quality, high-yield saffron all year round. The company is in advanced stages of developing and testing its automated vertical farm for saffron growing, based on the company’s knowledge in plant biology and providing optimal conditions for each stage of the plant’s development to reach optimal product quality.

Saffron is usually sold by the gram because a pound of it can go for $1,500 or more.