TORONTO, CULT Food Science Corp. ("CULT" or the "Company") (CSE: CULT) (OTC: CULTF) (FRA: LN00), a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry, has received a request from OTC Markets Group Inc. ("OTC Markets") to issue this statement on recent promotional activity related to the Company's common shares (the "Common Shares") traded on the OTCQB market.
On July 18, 2024, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its Common Shares traded on the OTCQB market, including the distribution of two (2) newsletters published by Stellar Media Group, LLC on behalf of Emerging Markets Consulting, LLC ("EMC"), discussing the Company, its business, and the cultivated meat industry generally (collectively, the "Newsletters").
On July 5, 2024, the Company publicly announced that it had retained EMC to provide investor relations services for a three month term effective July 8, 2024. Therefore, the Company was aware of EMC's activities respecting the Company since July 5, 2024, as per the July 5, 2024 press release which can be found on the Company's Canadian Securities Exchange ("CSE") page and on SEDAR+ (www.sedarplus.ca). Accordingly, the Newsletters were paid for by the Company through its engagement of EMC.
The following is a list of the third-party providers (collectively, the "Service Providers") engaged by the Company to provide investor relations services, marketing, or other related services including the promotion of the Company or its securities in the last twelve months.
- Longtable Capital Partners Inc.
- Triple Bull Consulting Inc.
- Emerging Markets Consulting, LLC
- Milestone Capital Partners Ltd.
- Spark Newswire Inc.
- Guerilla Capital
The Company provided the Service Providers with publicly available sources of information for their marketing materials, and the Company's management reviewed and commented on the materials prepared by the Service Providers prior to their dissemination, including to ensure factual accuracy. The Company does not believe any of the statements in the marketing materials prepared by any of the Service Providers were materially false or misleading.
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