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Cult Food Science Corp. ( (TSE:CULT) ) has provided an update.
CULT Food Science Corp. has announced the grant of 5,000,000 restricted share units to its officers and consultants, which will vest immediately. This move is part of the company’s strategy to incentivize its team as it continues to innovate in the food technology sector. Additionally, CULT has entered into debt settlement agreements to address outstanding debts totaling $149,850, issuing shares to preserve cash for working capital. The company also announced the resignation of its CFO, Francis Rowe, and the appointment of Steve Vanry, signaling a shift in management as it navigates its financial and operational strategies.
More about Cult Food Science Corp.
CULT Food Science Corp. is a disruptive food technology platform focused on the commercialization of lab-grown meat and cellular agriculture, aiming to reshape the global food industry.
YTD Price Performance: 12.50%
Average Trading Volume: 174,786
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.54M
For detailed information about CULT stock, go to TipRanks’ Stock Analysis page.