Cult Food Science Corp. announced that it has issued 4,023,000 common shares, 2,500,000 options at a deemed price of $0.10 per option share for a period ending 36 months from the date of issuance on May 8, 2023. The transaction included participation from new investor, Coloured Ties Capital Inc. All options issued by the company to the consultant will vest in four equal tranches over twelve months with the first tranche vesting three months after the effective date and the remaining tranches vesting three, six and nine months thereafter.

Further compensation will be reviewed from time to time and will be contemplated in an amendment to this version.