CULT Food Science Portfolio Company Launches World’s First Cultured Laksa Fish Ball


The Company also announces the completion of its continuance under the Business Corporations Act from British Columbia at Ontario

TORONTO, September 6, 2022 /CNW/ – CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), an innovative investment platform focused exclusively on cellular agriculture that advances the development of new technologies to provide a sustainable, environmental and ethical solution to the global factory farming and aquaculture crises, announces that its holding company , Umami Meats (“Umami“), successfully revealed the world’s first cultured fish ball laksa on August 30, 2022. Umami is a cellular agriculture start-up working to develop sustainable alternatives to traditional fish production.

The cell-based fish pellets created by the Umami team are made from cultured fish. Then they are supplemented with vegetable proteins to give them a taste and texture similar to traditional fish balls. Like a Singapore, it was important to Umami to create a cell-based dish that reflected the country’s rich culture and love of delicious cuisine. Intensive industrial fishing, a rapidly growing population and climate change have led to overexploitation and depletion of fish availability as well as global food insecurity. Based on this, Umami is moving forward to make cell-based fish a priority solution.1

Umami introduced its cultured fish product in its own press release on August 31, 2022. The release can be viewed by visiting the following link: https://www.fooddive.com/press-release/20220830-umami-meats-unveils-worlds-first-cultivated-fish-ball-laksa/.

Overall, Umami is focused on developing cellular solutions for species that are expected to experience severe supply-side shortages in the near future. The company has developed a proprietary, non-GMO process to produce fish muscle, fat and connective tissue from a single stem cell. It is actively developing the technology that will enable the production of cultured seafood for a range of the world’s most vulnerable fish species.

Management commentary

“Creating a cell-based laksa fish ball prototype is quite an achievement in the field of cell agriculture. Nothing has been developed like this so far, and CULT would like to support Umami in this. Umami is on a great path, and at this rate, its innovations could very well lead us to a better and more sustainable future,” said Lejjy Gafour, CEO of CULT.

Continuation of British Columbia at Ontario

The Company also announces that it has completed its continuation outside the province of British Columbia under the provisions of the Business Corporations Act (British Columbia) and in the province of Ontario under the provisions of the Business Corporations Act (Ontario) (the “Extension”), which was approved by the shareholders of the Company at the extraordinary general meeting of shareholders held on August 24, 2022. Copies of the Certificate of Continuance and Articles will be filed on the Company’s profile at www.sedar.com and www.thecse.com. There will be no change in the day-to-day operations of the Company as a result of the continuance.

About CULT Food Science

CULT Food Science Corp. is an innovative investment platform with an exclusive focus on cellular agriculture that advances the development of new technologies to provide a sustainable, environmental and ethical solution to the global factory farming crisis. The first of its kind in North America, CULT Food Science aims to provide individual investors with unparalleled exposure to the most innovative, private or early-stage cultured meat, cell-based dairy and other cultured food companies around the world .

Additional information may be found by viewing the Company’s website at www.cultfoodscience.com or its regulatory filings at www.sedar.com.

On behalf of the Company’s Board of Directors,

CULT FOOD SCIENCE CORP.

“Lejjy Gafour”
Lejjy Gafour, General Manager

Forward-looking information:

The information contained in this press release may involve forward-looking statements. Forward-looking statements are statements that relate to future and not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect” and ” intend”, statements that an action or event “may”, “could”, “could”, “should” or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or other future events, to differ materially from the results, performance or future achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the following risks: those associated with the marketing and sale of securities; the need for additional funding; reliance on key personnel; the potential for conflicts of interest between certain officers or directors with certain other projects; and the volatility of the price and volume of the Common Shares. Forward-looking statements are made based on the beliefs, estimates and opinions of management as of the date the statements are made and, except as required by law, the Company undertakes no obligation to update any forward-looking statements. whether these beliefs, estimates and opinions or other circumstances should prevail. Investors are cautioned against attributing undue certainty to forward-looking statements. For more information on risk, investors should consult the Company’s MD&A and other disclosure documents filed with regulatory authorities, available at www.sedar.com.

Endnotes

  1. “Studying the Benefits of Cell-Based Seafood Preservation”, emLab, 2022, https://emlab.ucsb.edu/projects/investigating-conservation-benefits-cell-based-seafood

THE SOURCE CULT Food Science Corp.

© Canada Newswire, source Canada Newswire English

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