Pluri Completes Strategic Acquisition of Leading Cultivated Cacao AgFoodTech Company, Kokomodo Ltd.

Company Overview - Pluri Inc. has completed the acquisition of approximately 71% of Kokomodo Ltd. for $4.5 million, payable in 976,139 Common Shares [1] - Kokomodo will operate as an independent subsidiary under the leadership of its Co-Founder and CEO Tal Govrin, maintaining its mission and brand identity [1] Strategic Importance - The acquisition is expected to enhance Pluri's capabilities in the cultivated cacao sector, combining its expertise in scalable cell production with Kokomodo's innovative approach [2][6] - Pluri aims to address climate change impacts on traditional cacao farming while meeting the growing consumer demand for sustainable cacao-based products [2] Market Potential - The global cacao market was valued at $13.5 billion in 2023 and is projected to grow at a CAGR of 8.2%, reaching $23.5 billion by 2030 [2]