CULT FOOD SCIENCE REVEALS VISION TO GROW GLOBAL CLEAN MEAT AND DAIRY INDUSTRY
Vancouver-based CULT Food Science, an investment platform with an exclusive focus on clean, lab-grown food has set out plans for accelerating the adoption of cultivated meat and dairy products globally, by investing in the development of novel technologies to provide a sustainable, environmental, and ethical solution to the global factory farming crisis.
In a statement, the company said it is putting together a world-class team of cellular agriculture scientists and thought leaders to develop its own intellectual property to solve core obstacles in the emerging industry, and is focused on identifying opportunities globally and allocating its capital towards innovative cultivated meat and cellular dairy solutions.
CULT believes that the clean meat and dairy industry is on the verge of causing the single largest disruption to traditional agriculture in human history.
According to a press release, to date, CULT has accumulated cellular agricultural investments across three continents, providing investors with exposure to world leading ventures, such as Eat Just Inc., as well as early-stage opportunities, such as Mogale Meat. Other brands in its portfolio include cultured meat producer Novel Farm Tech Inc. and Biftek – a company which produces a microorganism-based, natural and cost-effective growth medium supplement to grow muscle stem cells.
Furthermore, CULT has begun a corporate initiative to assemble a world-class team of scientists and other leaders in cellular agriculture, to help validate its portfolio of investee companies and ensure they are developing leading-edge yet scalable science and technology, the company says.
CULT is also pleased to announce that it plans to aggregate its own industry intellectual property and will be deploying capital into research and development to solve core issues and obstacles in the cultivated meat ecosystem.
The company says it is committed to investing venture capital into the most innovative companies around the world that are aimed at solving the problems of traditional agriculture and accelerating the adoption of clean meat and dairy into human diets.
Clean meat and dairy opportunity
Currently, animal agriculture is responsible for 18% of all greenhouse gas emissions worldwide and makes up 56% of all water usage in the United States. The factory farming of animals has become widely seen as unethical, with many countries trying to shift resources away from animal agriculture due to the moral concerns of their populations. Therefore, cultivated meat and cellular dairy are solutions that offer a revolutionary approach to feeding the planet. They result in genuine animal meat and dairy that are dense in protein and nutrients, respectively, without harming a single animal and demanding an inefficient amount of resources.
Cultivated meat – increasingly referred to as clean meat – is genuine animal protein that is produced by harvesting cells directly in a controlled laboratory environment, thereby eliminating the need to breed, raise and slaughter animals for food.
Dorian Banks, Chief Executive Officer of CULT, commented: “At this nascent stage, the clean meat and dairy space remains highly fragmented although notable capital flows and increasing velocity continue to validate the opportunity. To improve the situation for investors and lower associated barriers to entry, CULT continues to diligently work to foster a streamlined opportunity for individuals to access the future of food by gaining diversified exposure to a portfolio of exciting and disruptive private companies in the cultivated meat and cultured dairy sectors.”
About CULT Food Science
CULT Food Science Corp. 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.
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