Celebrating Innovations in Cellular Agriculture at CULT Food Science

CULT Food Science Celebrates Trailblazing Achievements

CULT Food Science Corp. (CSE: CULT) is making waves in the food industry with its innovative approach to cellular agriculture. The company proudly acknowledges the accomplishments of its venture arm companies, including Opalia Foods, Melibio, California Cultured, and Jellatech, showcasing how they are reshaping the future of food.

Recent Achievements by Venture Arm Companies

These remarkable companies are leading the charge towards a sustainable food future, each with unique advancements that illustrate the potential of lab-grown and cellular agriculture.

Opalia Foods: Startup of the Year Finalist

Opalia Foods, an emerging leader in cell-based milk, has received recognition as a finalist for Startup of the Year in the esteemed Montreal NewTech and Startupfest Startup Community Awards. This award honors startups that exhibit a strong potential for industry disruption, societal impact, and international influence.

Melibio Secures Funding for Bee-Free Honey

Melibio, known for its innovative bee-free honey—a breakthrough in honey production—has successfully secured strategic investment from the Future Food Fund by Oisix. This latest funding reinforces Melibio's growth trajectory, bringing its total to $10 million and enabling the expansion of its flagship product, Mellody, across over 300 locations in the United States. The brand recently made a debut on Walmart Marketplace.

Jellatech Expands with New Facility

Jellatech is set to enhance its manufacturing capabilities with a newly opened 9,000-square-foot facility dedicated to producing animal-free collagen. This expansion positions Jellatech as a crucial player in sustainable protein production, serving the food, beverage, cosmetics, and medical markets. Their participation in the Bezos Earth Fund's $30 million research initiative underscores their commitment to innovation in sustainable protein.

California Cultured’s Strategic Partnership

California Cultured has secured a significant investment from Sparkalis, the venture arm of chocolate leader Puratos, to facilitate the production of flavanol-rich cocoa using plant cell technology. The company is rapidly progressing towards completing its 12,000-square-foot facility, which is expected to greatly enhance its production capabilities in anticipation of rising cocoa demand.

Driving Collaboration and Innovation

CULT Food Science is dedicated to leveraging its network of venture arm companies to foster collaboration opportunities. By encouraging partnerships that drive innovation and accelerate market entry, CULT aims to contribute to a sustainable food ecosystem that benefits everyone.

Insights from Leadership

Mitchell Scott, CEO of CULT Food Science, expressed pride in the startups under CULT’s umbrella. He stated, "Our venture companies continue to make us proud. They are winning accolades, attracting investments, and establishing critical infrastructure that will shape the future of our food systems. The cellular agriculture industry is booming, and we are thrilled to support some of the most promising ventures in the sector."

About CULT Food Science

CULT Food Science is a groundbreaking platform revolutionizing the commercialization of lab-grown meat and cellular agriculture technologies. With a robust portfolio that includes many cutting-edge ventures, CULT provides investors with access to the future of food. The company is powered by a team of seasoned experts committed to leading the food revolution.

Frequently Asked Questions

What is CULT Food Science's primary focus?

CULT Food Science focuses on the commercialization of lab-grown meat and cellular agriculture technologies to innovate the food industry.

Which companies are part of CULT Food Science's venture arms?

The venture arms include Opalia Foods, Melibio, California Cultured, and Jellatech.

What recent recognition did Opalia Foods receive?

Opalia Foods was named a finalist for Startup of the Year at the Montreal NewTech and Startupfest Startup Community Awards.

How much funding has Melibio secured?

Melibio secured a strategic investment, raising its total funding to $10 million for its bee-free honey.

What is the significance of Jellatech's new facility?

Jellatech's new facility will enhance its collagen manufacturing capabilities, allowing for sustainable production of proteins for various industries.

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