CULT Food Science Corp (CSE:CULT, OTCQB:CULTF) announced that it has appointed Mitchell Scott as its new CEO effective November 1, 2023, following the resignation of Lejjy Gafour.
The company said Scott, a seasoned entrepreneur and co-founder of The Very Good Butchers, will lead growth initiatives for CULT, including sales of its flagship Noochies! Brand.
"Our mission is clear: to revolutionize the world of food through innovation, sustainability, and flavor," Scott said in a statement.
"I firmly believe that by harnessing the power of science, technology, and our collective passion, we can create a healthier, more sustainable, and truly delicious future for all," he added.
CULT noted that it has granted Scott 250,000 restricted share units of the company, pursuant to its restricted share unit plan that was approved by shareholders on April 26, 2021.
It added that 50% of the restricted share units will vest immediately with the remaining 50% vesting on December 1, 2023.
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.
Contact Sean at sean@proactiveinvestors.com