CULT Food Science Portfolio Company De Novo Dairy Receives Venture Funding

Sep 28, 2022

TORONTO,- CULT Food Science Corp. ("CULT" or the "Company") (CSE: CULT) (OTC: CULTF) (FRA: LN0), an innovative investment platform with an exclusive focus on cellular agriculture that is advancing the development of novel technologies to provide a sustainable, environmental, and ethical solution to the global factory farming and aquaculture crises, announces that its portfolio company, De Novo Dairy ("De Novo"), has secured funding from UM6P Ventures (the "Funding"). The Funding is expected to enable De Novo to accelerate the release of its first product into the African market in 2023. Additionally, the Company has appointed two new members to its strategic advisory board (the "Advisory Board") – Dr. Lenore Newman and Dr. Evan Fraser.

CULT previously announced its investment in De Novo in February of 2022. De Novo is planning for the Funding to not only enable the launch of its first cultivated dairy product in Africa but also to allow it to expand into the US in the future. Details regarding the Funding are featured in an article published by Foodnavigator.com on September 20, 2022. It explores the current and future endeavours of De Novo, the Funding, and how cellular agriculture could be the future of the food system.

New Strategic Advisors

Dr. Lenore Newman is the Director of the Food and Agriculture Institute at the University of the Fraser Valley in BC, and has previously held a Canada Research Chair in food security. She mentors companies and acts in an advisory role for a variety of agri-tech start-ups. Dr. Newman was also a member of the BC Premier's Task Force on food security, and still advises the government on policy. She has written multiple books and other publications and is a key leader in the North American food space.

Dr. Evan Fraser is the Director of the Arrell Food Institute and a professor of Geography at the University of Guelph. He works to bring together teams with the idea of developing strategies to produce and distribute accessible, healthy, and nutritious food while preserving the environment. Dr. Fraser is a researcher and co-author on over one hundred academic papers and book chapters. He also has played a leadership role on multiple teams that have raised over one hundred million dollars in research funding and has mentored about 50 graduate students. Dr. Fraser was a Canada Research Chair from 2010-2020.

Source : Newswire.ca

Video: Spring 2026 weather outlook for Wisconsin; What an early-arriving El Niño could mean

Northeast Wisconsin is a small corner of the world, but our weather is still affected by what happens across the globe.

That includes in the equatorial Pacific, where changes between El Niño and La Niña play a role in the weather here -- and boy, have there been some abrupt changes as of late.

El Niño and La Niña are the two phases of what is collectively known as the El Niño Southern Oscillation, or ENSO for short. These are the swings back and forth from unusually warm to unusually cold sea surface temperatures in the Pacific Ocean along the equator.

Since this past September, we have been in a weak La Niña, which means water temperatures near the Eastern Pacific equator have been cooler than usual. That's where we're at right now.

Even last fall, the long-term outlook suggested a return to neutral conditions by spring and potentially El Niño conditions by summer.

But there are some signs this may be happening faster than usual, which could accelerate the onset of El Niño.

Over the last few weeks, unusually strong bursts of westerly winds farther west in the Pacific -- where sea surface temperatures are warmer than average -- have been observed. There is a chance that this could accelerate the warming of those eastern Pacific waters and potentially push us into El Niño sooner than usual.

If we do enter El Nino by spring -- which we'll define as the period of March, April and May -- there are some long-term correlations with our weather here in Northeast Wisconsin.

Looking at a map of anomalously warm weather, most of the upper Great Lakes doesn't show a strong correlation, but in general, the northern tiers of the United States do tend to lean to that direction.

The stronger correlation is with precipitation. El Niño conditions in spring have historically come with a higher risk of very dry weather over that time frame, so this will definitely be a transition we'll have to watch closely as we move out of winter.