CULT Food Science Corp announced that it has diversified its cell-based food portfolio by completing its strategic investment in cultured chocolate manufacturer California Cultured Inc.
The company said California Cultured uses cell culture technology to produce cocoa products like cocoa powder, chocolate, and cocoa butter with the goal of creating sustainable and ethical chocolate for consumption around the world.
“California Cultured's innovative, responsible and disruptive pursuit aligns well with our company's ethos,” CULT Food Science president Lejjy Gafour said in a statement.
READ: CULT Food Science completes strategic investment in cell-based and gelatin ingredient pioneer Jellatech
“We believe cell-cultured cocoa is the next step in the sustainable, safe, and ethical food production of a major global food category,” Gafour added.
CULT noted that California Cultured is focused on manufacturing cocoa by cultivating select optimum cocoa cells in tanks, with ingredients that will be sourced in the US.
It added that, if successful, the overall process of cocoa production will be done without deforestation and child labour.
CULT Food Science is an innovative investment platform with an exclusive focus on clean, lab-grown food that is advancing the development of novel 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 unprecedented exposure to the most innovative start-up, private or early-stage cultivated meat and cultured dairy companies around the world.
Contact Sean at sean@proactiveinvestors.com