(TheNewswire)
Toronto, Ontario – TheNewswire - April 21, 2026 / CULT Food Science Corp. (“CULT” or the “Company”) CSE:CULT OTC:CULTF (FRA: LN00), a disruptive food technology investment platform focusedon making investments to pioneer the commercialization of lab-grownmeat and cellular agriculture to reshape the global food industry,announces that it has elected to rely on Coordinated Blanket Order51-933 - Exemptions to Permit Semi-Annual Reporting for CertainVenture Issuers (the "Order") and move to semi-annualfinancial reporting ("SAR").
The Order allows eligible venture issuers listed on the CanadianSecurities Exchange (the "CSE") to voluntarily move from aquarterly to a semi-annual financial reporting framework. TheCompany's fiscal year ends on December 31st. Under the SAR pilot program,the Company will be exempt from filing interim financial reports andrelated Management's Discussion & Analysis (MD&A) for itsfirst and third quarters.
Interim Period: The Company will not file an interim report for thefirst quarter (Q1) ending March 31st and the third quarter (Q3) ending September 30th; and
Ongoing Reporting: The Company will continue to file audited financialstatements (due within 120 days of December 31st) and six-month interimfinancial reports (due within 60 days of June 30th).
The Company confirms it meets the pilot program's eligibilitycriteria, which include being a venture issuer with annual revenues ofless than $10 million, having a disclosure record of over 12 monthsand having filed all required periodic and timely continuousdisclosure documents.
The first period for which the Company will not file an interimfinancial report and related MD&A will be for the three-monthperiod ended March 31, 2026.
This news release is being filed pursuant to Coordinated Blanket Order51-933 Exemptions to Permit Semi-Annual Reporting for Certain VentureIssuers.
About CULT Food Science
CULT Food Science is a disruptive food technology investment platformfocused on making investments to pioneer the commercialization of labgrown meat and cellular agriculture to reshape the global foodindustry. The Company’s investments may include the acquisition ofequity, debt or other securities of publicly traded or privatecompanies or other entities, financing in exchange for pre-determinedroyalties or distributions and the acquisition of all or part of oneor more businesses, portfolios or other assets. The Company alsoprovides operational, advisory, and commercialization support toselect companies in its portfolio, including collaboration inlaunching new consumer brands and products. The Company’s objectiveis to reshape the global food system while enhancing long-termshareholder value through active stewardship and innovation.
Additional information can be foundby viewing the Company's CSE issuer profile page or itsregulatory filings on www.sedarplus.ca.
On behalf of the Board of Directors of the Company, CULT FOOD SCIENCE CORP.
Mitchell Jackman, Director,CFO, Interim CEO and CorporateSecretary
For further information about CULT Food Science Corp.:
Tel: + 1 (888) 733 - 8581
Email: admin@cultfoodscience.com
This news release contains forward-looking information andforward-looking statements within the meaning of applicable securitieslaws that relate to the Company’s current expectations and views offuture events. Forward-looking statements are not historical facts andare based on certain assumptions and analyses made by the Company inlight of its experience and perception of historical trends, currentconditions, and expected future developments. These statements areoften identified by the use of words such as “anticipate”,“believe”, “plan”, “estimate”, “expect”, “intend”,“may”, “will”, “should”, “could” and similarexpressions, including the negative, or grammatical variationsthereof, or by discussions of strategy. Forward-looking statements arenecessarily based on estimates and assumptions that, while consideredreasonable by the Company as of the date of this news release, areinherently subject to significant business, economic, and competitiveuncertainties and contingencies. These estimates and assumptions mayprove to be incorrect. Such assumptions include, without limitation,that the Consolidation will receive all necessary regulatoryapprovals, including approval from the CSE, that the Consolidationwill proceed on the anticipated terms and timeline and that theConsolidation will have the intended effects on the Company’scapital structure and investor perception. Forward-looking statementsinvolve known and unknown risks, uncertainties, and other factors thatmay cause actual results, performance, or achievements to differmaterially from those expressed or implied by such forward-lookingstatements, including but not limited to: risks related to thecompletion and timing of the Consolidation; risks that the anticipatedbenefits of the Consolidation will not be realized as expected or atall; general market conditions; volatility in the trading price of theCompany’s securities; and other risks relating to the Company’sbusiness and the food technology sector generally. Additional riskfactors are disclosed in the Company’s continuous disclosuredocuments, which are available under the Company’s profile on SEDAR+at www.sedarplus.ca.
There can be no assurance that the Consolidation will be completed onthe terms described herein, or at all, that the anticipated benefitsof the Consolidation will be realized, or that the new director willbe appointed as currently expected. Readers are cautioned not to placeundue reliance on forward-looking statements, which speak only as ofthe date made. Except as required by law, the Company undertakes noobligation to update or revise any forward-looking statements toreflect new information, subsequent events, or otherwise.
SOURCE: CULT Food ScienceCorp.
Copyright (c) 2026 TheNewswire - All rights reserved.