Cult Food Science Corp. (TSE:CULT) has released an update.
CULT Food Science Corp. has addressed its outstanding debts by issuing common shares to creditors, effectively converting $140,940 owed into equity to conserve cash for operations. Additionally, the company has granted 1,360,000 Restricted Share Units to directors and officers, which are immediately vested but subject to a holding period. These strategic financial moves underscore CULT’s commitment to advancing cellular agriculture while maintaining a robust working capital position.
For further insights into TSE:CULT stock, check out TipRanks’ Stock Analysis page.
