CULT Food Science Settles Debt With Cash and Share Issuance

Cult Food Science Corp. ( (TSE:CULT) ) just unveiled an update.

CULT Food Science Corp. has completed a previously announced debt settlement with an arm’s-length creditor, paying $30,000 in cash and issuing 10,000,000 free-trading common shares at a deemed price of $0.01 per share. The transaction helps the company tidy its balance sheet and manage obligations while preserving strategic flexibility as it continues to position itself as an active investor and operator in the emerging lab-grown meat and cellular agriculture sector.

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 Corp. is a disruptive food technology investment platform that focuses on commercializing lab-grown meat and cellular agriculture to reshape the global food industry. The company invests through equity, debt, royalties, and asset acquisitions in both public and private entities, and also offers operational, advisory, and commercialization support to portfolio companies, including assistance in launching new consumer brands and products, with the aim of driving innovation and long-term shareholder value in alternative proteins and future food systems.

Average Trading Volume: 302,914

Technical Sentiment Signal: Sell

Current Market Cap: C$1.12M

Find detailed analytics on CULT stock on TipRanks’ Stock Analysis page.