Seedo Corp. subsidiary has been awarded a $1,000,000 (One Million) grant from the Israeli Innovation Authority. The new grant will allow the agtech company to accelerate its R&D program building on its groundbreaking development of the protocols for growing saffron using vertical farming technology. The funds will be allocated to enable the company expand its facilities, allowing it to grow more saffron for commercial use. This will bring the company closer than ever to achieving its mission to revolutionize the billion-dollar saffron market by bringing a large-scale supply of the spice to the market. The Israel Innovation Authority is an independent publicly funded agency created to provide funding platforms aimed at effectively addressing innovation ecosystems. This grant demonstrates the Israel Innovation Authority recognition of the innovation and potential of the company's technology and solutions.