(TheNewswire)
Successful Bioreactor TransitionValidates Commercial Feasibility Using Pow.Bio’s AdvancedFermentation Platform
Toronto, Ontario – May 30, 2025 –TheNewswire - CULT Food Science Corp. (“CULT” or the “Company”) CSE:CULT OTC:CULTF (FRA: LN00), a disruptive food technology investment platform focused onmaking investments to pioneer the commercialization of lab grown meatand cellular agriculture to reshape the global food industry,congratulates California Cultured on a significant milestone inscaling sustainable chocolate and coffee production.
Key Takeaways:
California Cultured successfully transitioned fromlab-scale shake flask experiments to precision-controlled bioreactorfermentation.
The scale-up was executed at Pow.Bio’sFDA-registered, AI-enabled continuous fermentation facility inAlameda, California.
This milestone validates the economic and technicalfeasibility of commercial-scale, cell-cultured cocoa production.
The project focused on media optimization, oxygentransfer rates, and pH control to enhance cell growth and metaboliteproduction.
California Cultured is now positioned to advance towardprocess validation, downstream processing, and sensorytrials.
California Cultured recently announced it hassuccessfully completed the transition from benchtop experimentation tolarge-scale, food-grade biomanufacturing of cell-cultured cocoa, incollaboration with Pow.Bio, a leader in intelligent fermentationtechnology. The achievement represents a key inflection point for thecompany and for the broader category of sustainable chocolatealternatives.
Working out of Pow.Bio’s newly commissioned 25,000sq. ft. facility—featuring clean room capabilities, dual-chambercontinuous fermentation systems, and real-time AI-based processcontrol—California Cultured optimized its cocoa fermentation processfor commercial volumes. Core development goals included boostingmetabolic efficiency, increasing flavonoid and lipid synthesis, andlowering cost per kilogram to enable scalable, cost-effectiveproduction.
This collaboration not only validates CaliforniaCultured’s ability to produce consistent, clean, cell-cultured cocoaat scale, but also lays the foundation for future innovations,including continuous fermentation and commercial launch of cocoa andcoffee-based ingredients and products.
Management Commentary
Mitchell Scott, CEO of CULT Food Science, stated,"We are incredibly proud of California Cultured’s progress.This scale-up marks a major achievement in the food tech sector andexemplifies the type of impact-driven innovation CULT seeks to back.By unlocking scalable, ethical alternatives to traditionallyresource-intensive commodities like cocoa, California Cultured ishelping shape a more sustainable global food system. We look forwardto supporting their continued success as they move closer tocommercial launch."
Debt Settlement
The Company also announces it has entered into a debtsettlement agreement (the “Settlement Agreement”) to settle outstanding debts owedto an arms-length creditor (the “Creditor”) totaling$12,238.10 (the “DebtSettlement”).Pursuant to the Settlement Agreement, the Company has agreed to issuean aggregate of 509,920 Shares at a deemed price of $0.024 per Share.The Shares issued pursuant to the Debt Settlement are subject to afour month and one day hold period, pursuant to National Instrument45-105 – Prospectus Exemptions.
The board of directors of the Company determined thatit is in the best interests of the Company to complete the DebtSettlement in order to preserve the Company's cash for workingcapital.
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 other securities ofpublicly traded or private companies or other entities, financing inexchange for pre-determined royalties or distributions and theacquisition of all or part of one or more businesses, portfolios orother assets, in each case that the Company believes will enhancevalue for the Shareholders of the Company in the long term.
About California Cultured
California Cultured is pioneering the production ofcocoa and coffee using plant cell culture, offering a sustainable,ethical alternative to traditional supply chains. Their technologyenables the creation of high-quality, deforestation-free chocolate andcoffee for a resilient future. Learn more at www.cacultured.com.
Additional information can be foundby viewing the Company's website at cultfoodscience.com or its regulatory filings on sedar.com.
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:
Information set forth in this news release may involveforward-looking statements. Forward-looking statements are statementsthat relate to future, not past, events. In this context,forward-looking statements often address a company's expected futurebusiness and financial performance, and often contain words such as"anticipate", "believe", "plan","estimate", "expect", and "intend",statements that an action or event "may", "might","could", "should", or "will" be taken oroccur, or other similar expressions. Theseforward-looking statements include, but are not limited to, statementsregarding: the transition of California Cultured from lab-scaleexperimentation to commercial-scale biomanufacturing, the technicaland economic feasibility of commercial cell-cultured cocoa production,the anticipated future steps including process validation, downstreamprocessing, and sensory trials, the continued collaboration betweenCalifornia Cultured and Pow.Bio; the development and commercializationof cocoa and coffee-based products, the potential for cost-effectiveand scalable production, the impact of these developments on thebroader sustainable food system, the completion of the DebtSettlement, and Share issuance. Theseforward-looking statements involve a number of known and unknownrisks, uncertainties and other factors, many of which are beyond thecontrol of the Company, that may cause actual results or events todiffer materially from those anticipated in such forward-lookingstatements. These risks include but are not limited to: the risk thatCalifornia Cultured’s commercial fermentation process does notperform as expected; regulatory and operational hurdles to scalingproduction; delays or challenges in product development and marketentry; and risks related to market acceptance and consumer adoption ofcell-cultured products. There is no assurance that the forward-lookingstatements will prove to be accurate, as actual results and futureevents could differ materially from those anticipated. Forward-looking statements are based on the beliefs,assumptions, expectations and opinions of management as of the datethe statements are made. Such assumptions include but are not limitedto: the ongoing viability of California Cultured’s fermentationprocess at scale; the successful performance of Pow.Bio’s continuousfermentation systems; the timely completion of the debt settlementtransaction; and the ability of CULT Food Science and its portfoliocompanies to achieve commercial milestones and market acceptance. TheCompany undertakes no obligation to update forward-looking statementsif these beliefs, estimates and opinions or other circumstances shouldchange. Investors are cautioned against attributing undue certainty toforward-looking statements. For further information on risk, investorsare advised to see the Company's MD&A and other disclosure filingswith the regulators which are found at www.sedarplus.ca.
SOURCE: CULT Food ScienceCorp.
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