CULT Food Science Corp (CSE:CULT, OTCQB:CULTF) said it plans to expand its operations with the launch of a new products division, CULT Foods.
The new division will develop and commercialize cell-based products in collaboration with its affiliate companies, supporting the firm’s mission to make cell-based products a part of everyday life.
CULT Foods will launch two new products in collaboration with its affiliates:
- Zero Coffee is the world's first sparkling coffee beverage made with cell-based coffee, eliminating the unsustainable land use and deforestation that results from conventional coffee bean farming.
- Free Candy is the first performance gummy made with cell-based collagen, produced without the harmful environmental impacts or ethical issues of animal farming. Collagen may improve joint mobility and decrease joint pain, as well as improve skin elasticity.
READ: CULT Food Science affiliate MeliBio to distribute honey products under Better Foodie brand in early 2023
“Many of the key ingredients you see on grocery store shelves today can be replaced through cell-based methods, and are already being produced by CULT affiliate companies. These products represent a massive opportunity for CULT Food Science to bring interesting new food experiences to consumer. With every product that is released, it brings us one step closer to reducing the impact food production has on our climate," Lejjy Gafour, CEO of CULT said in a statement.
Joshua Errett, VP Product Development of CULT, added: "The products that bring us so much enjoyment – an afternoon coffee or sweet snack – so often rely on environmentally harmful ingredients. CULT Foods is providing a sustainable alternative with its Zero Coffee and Free Candy products, making the joy of coffee or candy truly guilt-free.”
CULT Food Science is the first publicly-traded company of its kind in North America, pioneering the investment, development, and commercialization of cellular agriculture technologies and products. Through its global portfolio of affiliates, CULT Food Science provides investors with unprecedented exposure to the most innovative start-up, private or early-stage cultivated meat, cell-based dairy, and other cultured food companies around the world.
Contact the author at jon.hopkins@proactiveinvestors.com