Alongside this achievement, CULT is delighted to share updates on the remarkable progress of some of its portfolio companies, each contributing to the future of sustainable and cruelty-free food solutions.
MeliBio: Reinventing the Honey Industry
MeliBio is revolutionizing the
California Cultured: Advancing Sustainable Chocolate Production
California Cultured, known for its advancements in plant cell culturing technologies, achieved a groundbreaking milestone in Q4 2023 by completing the largest cell-cultured cocoa production run ever. Focused on creating a scalable and sustainable chocolate supply, California Cultured is addressing global challenges such as climate change, deforestation, and forced labor, which threaten traditional chocolate production.
Jellatech: Scaling Up Animal-Free Proteins
In 2023, Jellatech secured a
Umami Bioworks: Transforming Seafood Production
Umami Bioworks is at the forefront of seafood production innovation, leveraging state-of-the-art automated platforms merging stem cell biology, machine learning, and automation. In 2023, Umami Bioworks announced a business partnership with Maruha Nichiro (TYO: 1333),
The continued growth and success of CULT's portfolio companies re-affirms the Company's investment thesis and focus on the cellular-agriculture industry. Traditionally the realm of private venture capital, CULT is uniquely positioned to offer everyday investors exposure to these exciting companies who are working towards a healthier, more sustainable future.
A recent interview by the CSE with CULT's CEO,
"The recent regulatory approval of cultivated beef marks a monumental leap forward for the entire cellular agriculture industry. At CULT, we are proud to witness
CULT is revolutionizing the world of food through science. In partnership with our portfolio companies, we are building some of the first food brands in the world that leverage cellular agriculture technologies to create a healthier, more sustainable, and truly delicious future for all.
Additional information can be found by viewing the Company's website at cultfoodscience.com or its regulatory filings on sedar.com.
On behalf of the Board of Directors of the Company,
"Mitchell Scott"
Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include but are not limited to the following risks: those associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and except as required by law, the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. For further information on risk, investors are advised to see the Company's MD&A and other disclosure filings with the regulators which are found at sedar.com.
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