Cult Food Science Corp. (TSE:CULT) has released an update.
CULT Food Science Corp., a leader in the lab-grown meat and cellular agriculture sector, has successfully completed a non-brokered private placement, securing C$800,000 through the sale of 16 million units at C$0.05 each. The units consist of a common share and a purchase warrant, which can be exercised at C$0.06 per share over the next two years. These funds will bolster working capital, support the growth of its portfolio company Noochies, and foster new partnerships in the cellular agriculture space.
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