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, proudly recognizes the latest achievements of its venture arm companies Opalia Foods, Melibio, California Cultured, and Jellatech.
Key Takeaways:
- Opalia Foods named a finalist in Startup of the Year for the Montreal NewTech and Startupfest Startup Community Awards.
- Melibio secured strategic investment from Future Food Fund by Oisix, bringing its total funding to $10M.
- Jellatech, a member of the Bezos Center for Sustainable Protein, opened a 9000 Sq Ft facility in North Carolina to scale its collagen manufacturing capabilities.
- California Cultured secured a strategic investment from Sparkalis, the corporate venture arm of chocolate giant Puratos, which is expected to accelerate the company's scale up.
Opalia Foods Named a Finalist for Startup of the Year
Opalia Foods, a leading cell-based milk company, was named a finalist for Startup of the Year for the Montreal NewTech and Startupfest Startup Community Awards. This award rewards a startup that has demonstrated exceptional potential for long-term success through a holistic approach, upsets and transforms industries, has a significant societal impact, and implements strategies that extend its reach and influence internationally. The winner will be announced at the Gala event on Nov 28th.