A significant development has emerged in the agri-food-tech sector, as Pluri has finalized the acquisition of a majority stake in Kokomodo. This move involves securing 71% ownership valued at $4.5 million, executed through the issuance of nearly one million common shares. The deal underscores Pluri's strategic intent to harness Kokomodo's advanced cellular agriculture technology aimed at tackling sustainability issues within cocoa production. With this partnership, both entities aim to expand their influence in global markets while promoting scalable and climate-resilient cacao solutions.

Kokomodo, an innovative company specializing in cultivated cocoa, will retain its operational independence under the guidance of co-founder and CEO Tal Govrin. Their focus remains on developing resilient cacao varieties using cutting-edge cellular techniques. This acquisition not only enhances Pluri's capacity for large-scale cell production but also amplifies Kokomodo's market presence worldwide. According to Govrin, this collaboration with Pluri signifies a pivotal alignment that accelerates production capabilities and facilitates international expansion. By merging expertise in cultivated cacao with Pluri’s established technological framework, they are set to transform the cocoa industry by delivering sustainable and reliable products.

Yaky Yanay, CEO and president of Pluri, emphasized the organization's dedication to advancing sustainable food solutions. This acquisition positions them as leaders in innovating within the cultivated cacao domain, addressing critical challenges such as climate change and the escalating consumer preference for eco-friendly goods. Projections indicate that the cacao market could surge from $13.5 billion in 2023 to $23.5 billion by 2030, making this alliance crucial for impacting the industry significantly.

Kokomodo employs a unique method in cocoa production by cultivating cacao directly from plant cells. This process ensures the preservation of flavor and nutritional benefits while reducing the environmental and ethical concerns linked to conventional farming practices. Beyond supporting the chocolate industry, this technique opens opportunities for incorporating functional ingredients into wellness products.

The integration of Pluri and Kokomodo marks a new era in sustainable agricultural advancements. Through leveraging innovative technologies and shared visions, both companies are poised to make substantial contributions to the evolving landscape of the cacao market. As they navigate the complexities of climate resilience and consumer demands, their combined efforts promise to redefine standards in cocoa production globally.