Cult Food Science Corp. (TSE:CULT) has released an update.
CULT Food Science Corp., a company at the forefront of cellular agriculture technology, has opted to issue new common shares to settle over $140,000 in debt, aiming to conserve cash for operational needs. The decision by the board reflects a strategic move to manage the company’s capital efficiently. Additionally, CULT has granted 1,360,000 Restricted Share Units to its directors and officers, with immediate vesting and a standard four-month holding period.
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