Food Science Investment Platform Announces Distribution Deal

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, December 1, 2022

With a focus on product development, venture building, and investment in cellular agriculture, this first of a kind North American company is advancing the development of novel technologies to provide sustainable, environmental, and ethical solutions for the future of food.

CULT Food Science Corp. (CSE: CULT) (OTC: CULTF) an investment platform accelerating the development of cellular agriculture technologies to advance the future of food, announces that affiliate company MeliBio will be distributing its vegan, plant cell-based honey under the Better Foodie brand to launch their products across 75,000 European stores in collaboration with Narayan Foods in early 2023, per the company’s press release.

Replacing honeybees with microorganisms, MeliBio uses plant biology and precision fermentation as a medium for honey production, to deliver the same taste profile and health benefits of conventional honey, without the damage to bees and their ecosystems endured from commercial beekeeping. The company also announced an additional $2.2 million investment into the company from existing investors.

U.S. shares closed Wednesday trade up at $0.02, Canadian shares last traded at $0.025.

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