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CULT Food Science Congratulates Venture Arm Companies on Recent Achievements

CULT Food Science Corp. ("CULT" or the "Company") (CSE: CULT) (OTC: CULTF) (FRA: LN00), a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry, proudly recognizes the latest achievements of its venture arm companies Opalia Foods, Melibio, California Cultured, and Jellatech.

Key Takeaways:

  • Opalia Foods named a finalist in Startup of the Year for the Montreal NewTech and Startupfest Startup Community Awards.
     
  • Melibio secured strategic investment from Future Food Fund by Oisix, bringing its total funding to $10M.
     
  • Jellatech, a member of the Bezos Center for Sustainable Protein, opened a 9000 Sq Ft facility in North Carolina to scale its collagen manufacturing capabilities.
     
  • California Cultured secured a strategic investment from Sparkalis, the corporate venture arm of chocolate giant Puratos, which is expected to accelerate the company's scale up.

Opalia Foods Named a Finalist for Startup of the Year
Opalia Foods, a leading cell-based milk company, was named a finalist for Startup of the Year for the Montreal NewTech and Startupfest Startup Community Awards. This award rewards a startup that has demonstrated exceptional potential for long-term success through a holistic approach, upsets and transforms industries, has a significant societal impact, and implements strategies that extend its reach and influence internationally. The winner will be announced at the Gala event on Nov 28th.

Melibio Secured Strategic Investment from Future Food Fund by Oisix
Melibio, the pioneer of bee-free honey, secured a strategic investment from Future Food Fund by Oisix, as part of a pre-Series A financing which brings its total funding to $10M. The investment from Future Food Fund by Oisix will enable Melibio to expand the reach of its flagship plant-based honey brand, Mellody. Mellody is now in more than 300 locations across the US and recently launched on Walmart Marketplace.

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