CULT Food Science Corp. Secures Funding to Propel Cellular Agriculture Pet Nutrition Portfolio

CULT Food Science Corp. is making waves in the pet nutrition industry with recent developments that are set to revolutionize the way we feed our furry friends. The company, known for its Noochies! brand, recently closed a private placement of 16 million units, raising $800,000 CAD to further scale its cellular agriculture pet nutrition portfolio.

Mitchell Scott, CEO of CULT Food Science, expressed excitement about the company’s future, stating, “CULT is uniquely positioned to play a key part in the transformation of our food system.” The funds raised will be used to expand the Noochies! brand, establish new partnerships in the cellular agriculture space, and drive innovation in pet food technology.

With the expertise of Further Foods, a company in which CULT owns 90%, CULT Food Science plans to enhance the Noochies! brand by leveraging scientific knowledge and technological capabilities. The proprietary ingredient platform of Noochies! will be overseen by Further Foods, with a focus on developing new products and exploring joint venture opportunities.

In addition to expanding its product line, CULT Food Science is also looking to broaden its audience through new store placements and upgrades to its direct-to-consumer platform. The company aims to become a pioneer in lab-grown meat and has appointed Mark Binns as capital markets advisor to help expand its visibility in the market.

“We are thrilled to have Mark join our team,” said Scott. “His experience and success in the Canadian public markets will be invaluable as we work to enhance our visibility and collaborate with institutional investors. This is an exciting time for CULT as we continue to drive innovation and transform the pet nutrition landscape.”

For the latest updates on CULT Food Science and the pet food processing industry, visit their News page.