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Cult Food Science Updates Continuous Disclosure Record and Provides Corporate Update on Noochies Following OSC Staff Review
Thenewswire· 2026-02-11 23:40
Core Viewpoint - CULT Food Science Corp. is actively addressing compliance issues with the Ontario Securities Commission by filing previously disclosed material agreements and is focused on reshaping the global food industry through investments in lab-grown meat and cellular agriculture [1][2][10]. Group 1: Filings and Compliance - The company has filed certain material agreements on its SEDAR+ profile at the request of the Ontario Securities Commission staff, which were previously disclosed but not filed or required correction [1][2]. - On May 20, 2025, the company filed an Intellectual Property Purchase Agreement and related agreements, which were previously disclosed but not formally filed [3]. - Additional material agreements, including consulting and advisory agreements, were filed on July 13, 2025, which had also been disclosed in the continuous disclosure record but not previously filed [4]. Group 2: Financial Agreements - On December 29, 2025, the company filed various Debt Settlement Agreements, SAFE Instruments, and Share Exchange and Joint Venture Agreements, all of which had been disclosed but not filed [5]. - The company acknowledges that due to these refilings, it will be placed on the Ontario Securities Commission's public Refilings and Errors list for three years [7]. Group 3: Business Operations - The company's subsidiary, Further Foods Inc., has ceased operations of its Noochies! brand due to an inability to secure financing, and is evaluating strategic options for the brand [8]. - CULT Food Science's current operations involve managing a global investment portfolio that includes investments in over a dozen lab-grown meat and cellular agriculture startups, with ongoing monitoring and evaluation of new investment opportunities [9]. Group 4: Company Overview - CULT Food Science is a disruptive food technology investment platform focused on the commercialization of lab-grown meat and cellular agriculture, aiming to reshape the global food industry while enhancing long-term shareholder value [10].
As Meatable shuts down, Mosa Meat lands €15M; achieves 99.999% cost cut from its €250k first burger
EU· 2025-12-23 10:00
Funding and Financial Milestones - Mosa Meat has secured an additional €15 million in funding to support regulatory market approvals and revenue generation [1] - The company has raised a total of €58 million over the past two years, including a previous €40 million round in 2024 and a successful crowdfunding campaign [2] Product Development and Cost Reduction - Mosa Meat achieved a 99.999% cost reduction compared to the original cultivated beef burger introduced in 2013, which had a price tag of €250,000 [3] - The company is now producing burgers at a price point suitable for restaurant menus, transitioning from a proof of concept to a market-ready product [4] Regulatory and Strategic Positioning - Mosa Meat has regulatory dossiers under review in the UK, EU, Switzerland, and Singapore, and was selected for the UK's regulatory "Sandbox" programme [5] - The company is a participating partner in a strategic climate technology project, benefiting from national support mechanisms aimed at sustainable growth [6] Investor Support - Mosa Meat is backed by notable investors, including Lowercarbon Capital, M Ventures, and Leonardo DiCaprio, who joined as an advisor and investor in 2021 [7]