CULT Food Science Adds Russell Starr as Strategic Advisor

May 22, 2024

TORONTO, CULT Food Science Corp. ("CULT" or the "Company") (CSE: CULT) (OTC: CULTF) (FRA: LN0), a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry, is pleased to announce Russell Starr has joined the team as a strategic advisor.

Mr. Starr is an executive, leader and entrepreneur with deep capital markets expertise and a track record of orchestrating transformative deals in disruptive industries. He has held numerous executive positions, including Head of Capital Markets at DeFi Technologies (CBOE: DEFI). Mr. Starr is also a seed investor in Echelon Wealth Partners and has built a robust network in the capital markets that will be a major asset for CULT as the company advances and scales its strategy of pioneering the commercialization of cultivated foods.

Key Takeaways

Mr. Starr's extensive history as an executive, highlighted by his time with DeFi Technologies where under his guidance the company's subsidiary reached more than $900 million^¹ in assets under management, brings invaluable experience to the CULT team.
Through his robust capital markets network, Mr. Starr has landed institutional research coverage for several companies he has been involved in which has resulted in a significant increase to their respective shareholder bases and increased access to growth capital and financing options.
As a strategic advisor to CULT Food Science, Mr. Starr will be focused on introducing the Company's unique asset stack to institutions, funds, and capital allocators globally.

Russell Starr commented on his new role, stating, "Joining CULT Food Science at this pivotal moment is incredibly exciting. The company is at the forefront of a revolutionary shift in the global food industry, leveraging innovative lab-grown meat and cellular agriculture technologies to create sustainable, ethical, and scalable food solutions. Institutional capital is showing a keen interest in this growth sector, and I am thrilled to contribute my experience to enhance CULT's visibility and help the company reach its full potential."

The Company has engaged Mr. Starr for a twelve month term (the "Term") and has granted 1,000,000 Restricted Share Units ("RSUs") and 500,000 stock options (each, an "Option") in accordance with the Company's restricted share unit and stock option plans. Each RSU is exercisable for a period of two years at no additional cost and the RSUs will vest in three equal tranches four months, eight months, and twelve months after the date of the grant. Each Option is exercisable for a period of two years to acquire one common share in the capital of the Company (each a "Share") at a price of $0.155 per Share, being the closing price of the Shares on the Canadian Securities Exchange on May 21, 2024. All Options vested completely on issuance and are subject to a four month hold period.

Source : Newswire.ca

Video: Winter Canola Trial in Mississippi | Can It Work for Double Cropping? | Pioneer Agronomy

Can winter canola open new opportunities for growers in the Mid-South? In this agronomy update from Noxubee County, Mississippi, Pioneer agronomist Gus Eifling shares an early look at a first-year winter canola trial and what farmers are learning from the field.

Planted in late October on 30-inch rows, the crop is now entering the bloom stage and progressing quickly. In this video, we walk through current field conditions, fertility management, and how timing could make this crop a valuable option for double-cropping soybeans or cotton.

If harvest timing lines up with early May, growers may be able to transition directly into another crop during ideal planting windows. Ongoing field trials will help determine whether canola could become a viable rotational option for the region.

Watch for:

How winter canola is performing in its first season in this Mississippi field

Why growers chose 30-inch rows for this trial

What the crop looks like as it moves from bolting into bloom

Fertility strategy, including nitrogen and sulfur applications

How canola harvest timing could enable double-cropping with soybeans or cotton

Upcoming trials comparing soybeans after canola vs. traditional planting

As more growers look for ways to maximize acres and diversify rotations, experiments like this help determine what new crops might fit into existing systems.