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Cult Food Science Corp. ( (TSE:CULT) ) just unveiled an announcement.
CULT Food Science Corp. announced the completion of a debt settlement agreement, settling $12,238.10 owed to a creditor by issuing 509,920 shares at $0.024 per share. This strategic move aims to preserve cash for working capital, reflecting the company’s focus on maintaining financial stability while advancing its innovative food technology initiatives.
Spark’s Take on TSE:CULT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CULT is a Underperform.
Cult Food Science Corp.’s overall stock score reflects significant financial difficulties, primarily driven by negative profitability and cash flow challenges. Despite a strong equity position, the company’s reliance on external financing and lack of revenue growth are major concerns. Technical indicators show some short-term positive momentum, but long-term caution remains due to the negative P/E ratio and lack of dividends, making the stock less attractive to investors.
To see Spark’s full report on TSE:CULT stock, click here.
More about Cult Food Science Corp.
CULT Food Science is a disruptive food technology investment platform focused on pioneering the commercialization of lab-grown meat and cellular agriculture. The company invests in various forms, including equity, debt, and other securities, to enhance long-term value for its shareholders.
Average Trading Volume: 224,056
Technical Sentiment Signal: Sell
Current Market Cap: C$2.34M
See more insights into CULT stock on TipRanks’ Stock Analysis page.