(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 Update
The 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 value across multiple sectors.
About CULT Food Science
CULT Food Science is a disruptive food technologyinvestment platform focused on making investments to pioneer thecommercialization of lab grown meat and cellular agriculture toreshape the global food industry. The Company’s investments mayinclude the acquisition of equity, debt or othersecurities of publicly traded or private companies or other entities,financing in exchange for pre-determined royalties or distributionsand the acquisition of all or part of one or more businesses,portfolios or other assets, in each case that the Company believeswill enhance value for the Shareholders of the Company in the longterm.
Additional information can be foundby viewing the Company's website at www.cultfoodscience.com or its regulatory filings on www.sedarplus.ca.
On behalf of the Board of Directorsof the Company,
CULT FOOD SCIENCE CORP.
"Mitchell Scott"
Mitchell Scott, Chief ExecutiveOfficer
For further information about CULTFood Science Corp.:
Tel: + 1 (888) 733 - 8581
Email: IR@CULTFoodScience.com
Web: CULTFoodScience.com
Twitter: @CULTFoodScience
Forward-Looking Information:
This news release contains forward-looking informationand forward-looking statements within the meaning of applicablesecurities laws that relate to the Company’s current expectationsand views of future events. Forward-looking statements are nothistorical facts and are based on certain assumptions and analysesmade by the Company in light of its experience and perception ofhistorical trends, current conditions, and expected futuredevelopments. These statements are often identified by the use ofwords such as “anticipate”, “believe”, “plan”,“estimate”, “expect”, “intend”, “may”, “will”,“should”, “could” and similar expressions, including thenegative, or grammatical variations thereof, or by discussions ofstrategy. Forward-looking statements in this news release include, butare not limited to, statements with respect to: the appointment of anew director of the Company. 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 Company will successfully appoint a qualified replacementdirector. Forward-looking statements involve known and unknown risks,uncertainties, and other factors that may cause actual results,performance, or achievements to differ materially from those expressedor implied by such forward-looking statements, including but notlimited to: risks related to director appointments, including delaysor changes in the appointment process; general market conditions;volatility in the trading price of the Company’s securities; andother risks relating to the Company’s business and the foodtechnology sector generally. Additional risk factors are disclosed inthe Company’s continuous disclosure documents, which are availableunder the Company’s profile on SEDAR+ at www.sedarplus.ca. Readersare cautioned not to place undue reliance on forward-lookingstatements, which speak only as of the date made. Except as requiredby law, the Company undertakes no obligation toupdate or revise any forward-looking statements to reflect newinformation, subsequent events, or otherwise.
SOURCE: CULT Food ScienceCorp.
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