CULT Food Science Announces Results of Annual General and Special Meeting and Board Appointment Update

About this update from Cult Food Science Corp.

(TheNewswire)Toronto, Ontario – August 8, 2025– TheNewswire - CULT Food Science Corp. (“CULT” or the “Company”) CSE:CULT OTC:CULTF (FRA: LN00), a disruptive food technology platform pioneering thecommercialization of lab-grown meat and cellular agriculture toreshape the global food industry, is pleased to announce the votingresults from its Annual General and Special Meeting of Shareholders(“AGSM”) held earlier today.At the AGSM, shareholders voted in favor of all mattersof business before the meeting, including:Receiving the audited financial statements of theCompany for the fiscal years ended December 31, 2024 and2023; Fixing the number of directors at three (3); Electing the directors of the Company for the ensuingyear; Appointing the auditors for the ensuing year andauthorizing the board of directors to fix their remuneration; Approving a special resolution authorizing the Companyto consolidate its issued and outstanding common shares on the basisof one (1) post-consolidation common share for every fifty (50)pre-consolidation common shares; and Approving the renewal of the Company’s 2021 StockOption Plan and 2021 Restricted Share Unit Plan. Board Appointment UpdateThe Company announces that Mr. Naveen Varshney, who hadbeen proposed for election to the Board of Directors, is no longer ina position to accept the appointment. The Company will instead beappointing Mr. Mark Goldhar as a director of the Company, effectiveAugust 5, 2025. Mr. Mark Goldhar is a highly accomplished financialprofessional and entrepreneurial executive based in Halifax, NovaScotia, with over 17 years of experience in business development,financial strategy, and corporate leadership. He has co-founded andexited a dozen companies, five of which were successfully sold topublic companies or strategic acquirers for a total value exceeding$290 million. Mark’s diverse expertise spans industries such ascannabis, psychedelics, technology, and traffic control, with notableroles including CFO of Robinson’s Cannabis Inc., Panag Pharma Inc.,and Psychedelitech Inc. He has raised over $350 million in capital andis a founding shareholder and board member of several companies,including Site 20/20, The Well Creative Consultants, and HarmonyAcquisitions Corp. Currently serving as CEO of Wenova Ventures, Markcontinues to drive innovation and growth, leveraging his leadership tocreate sustainable valu...

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