CULT Food Science Corp., a leader in lab-grown meat and cellular agriculture, recognizes significant achievements of its portfolio companies: Opalia Foods, Melibio, California Cultured, and Jellatech. Recent milestones include industry awards, substantial investments, and facility expansions aimed at transforming food production and achieving sustainability.
CULT Food Science Corp., identified by its stock symbols (CSE: CULT, OTC: CULTF, FRA: LN00), stands at the forefront of lab-grown meat and cellular agriculture innovation. This press release highlights significant achievements by its venture companies: Opalia Foods, Melibio, California Cultured, and Jellatech. Each of these companies is making notable strides in the industry and securing vital investments to propel their growth.
Opalia Foods has been recognized as a finalist for Startup of the Year at the Montreal NewTech and Startupfest Startup Community Awards, indicating its substantial potential to disrupt traditional industries.
Melibio has received a strategic investment from the Future Food Fund by Oisix, raising its total funding to $10 million to expand its plant-based honey brand, Mellody, now available in over 300 locations in the U.S.
Meanwhile, Jellatech has inaugurated a new 9,000-square-foot facility in North Carolina to enhance its animal-free collagen and gelatin production capabilities, linking it to the Bezos Center for Sustainable Protein.
California Cultured has secured investment from Sparkalis, the corporate venture arm of Puratos, aimed at transforming cocoa production through plant cell culture, with an expansion plan for a facility in California expected soon.
CULT Food Science actively seeks collaboration opportunities among its portfolio companies to bolster innovation and foster sustainable growth within the food science ecosystem.
Mitchell Scott, CEO of CULT, expressed confidence in their venture companies, remarking on their achievements and the potential to reshape food systems.
CULT Food Science is dedicated to pioneering lab-grown meat commercialization and investing in groundbreaking technologies, ensuring investor access to the future of food.
Further Foods, through its brand Noochies!, has also revolutionized pet nutrition with innovative, factory-farming-free products, available in the U.S. and Canada. Detailed information can be found at cultfoodscience.com and sedar.com.
CULT Food Science Corp. operates as a food technology platform focused on the commercialization of lab-grown meat and cellular agriculture. The company supports various ventures that utilize innovative techniques to transform food production. This press release underscores CULT’s commitment to driving advancements in the food industry through strategic investments and collaborations with emerging startups that share its vision for sustainable food solutions.
In conclusion, CULT Food Science Corp. highlights remarkable achievements by its venture companies, which have secured significant investments and industry recognition. The company’s strategic focus on collaboration and innovation positions it well within the rapidly evolving food tech landscape, aiming to make strides toward sustainability and efficiency in food production. Through these efforts, CULT seeks to reshape the global food industry and provide investor access to future food technologies.
Original Source: markets.ft.com
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