Pluri Secures $6.5 Million Strategic Investment and Expands into Cacao Market

Pluri Inc., a biotechnology company, has secured a $6.5 million strategic investment from Alejandro Weinstein, who will join its Board of Directors. This investment comes with the acquisition of a 71% stake in Kokomodo Ltd., an AgTech company specializing in cultivated cacao production, for $4.5 million, payable in common shares. The investment and acquisition align with Pluri's strategy to expand in sustainable food technologies, leveraging its proprietary technology platform. The transactions are subject to shareholder approvals and regulatory conditions, with the Kokomodo acquisition expected to close in Q2 2025. Pluri aims to enhance its financial position, propel its cell-based technology platform, and become a leader in the cultivated cacao market, marking a significant venture into sustainable food production.