CULT Food Science Corp (CSE:CULT, OTCQB:CULTF) announced that publicly-traded Coloured Ties Capital Inc has acquired 4,023,000 CULT common shares and privately-held BullRun Capital Inc has acquired 2,100,000 common shares of CULT in the open market for investment purposes.
CULT said Coloured Ties and BullRun join existing institutional shareholder L5 Capital, the family office of Marc Lustig, and several international family offices that participated in CULT's recent strategic financing.
“Having Coloured Ties Capital and BullRun Capital on board as our newest institutional investors demonstrates the growing confidence amongst sophisticated investors in the future of cellular agriculture and other advanced methods of food production,” CULT Food Science CEO Lejjy Gafour said in a statement.
“With their support, we are confident that we can accelerate the development and commercialization of cell-cultured pet food and drive positive change in the food industry as a whole,” he added.
Gafour also noted the new investments highlight the awareness of the importance of sustainable and ethical pet food production.
The company added that Coloured Ties Capital has also entered into a Capital Markets Advisory services agreement with CULT, whereby Coloured Ties will leverage its contacts and access to capital to help grow the CULT product offerings and commercialization efforts.
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 companies and its venture studio, the company 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 Sean at sean@proactiveinvestors.com