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Cult Food Science Corp.
(CULT)
Cult Food Science Corp. (CULT) vs. iShares MSCI Canada ETF (EWC)
Cult Food Science Corp. Business Overview & Revenue Model
Cult Food Science Corp. Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| -640.40K | -681.90K | -171.83K | 0.00 | 0.00 | 0.00 | Gross Profit |
| -641.73K | -681.90K | -174.98K | -4.49K | -6.44K | -9.19K | EBIT |
| -2.04M | -2.66M | -5.72M | -2.55M | -103.52K | -240.90K | EBITDA |
| -2.67M | -2.60M | -5.65M | -2.50M | -88.47K | -220.45K | Net Income Common Stockholders |
| -1.99M | -2.65M | -6.04M | -2.55M | -207.61K | -238.01K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 63.80K | 170.00 | 57.84K | 2.02M | 1.73K | 672.00 | Total Assets |
| 5.62M | 4.39M | 4.59M | 6.45M | 16.74K | 125.00K | Total Debt |
| 0.00 | 43.49K | 0.00 | 0.00 | 21.21K | 0.00 | Net Debt |
| -63.80K | 43.32K | -57.84K | -2.02M | 19.48K | -672.00 | Total Liabilities |
| 132.94K | 399.30K | 118.79K | 218.17K | 139.55K | 41.41K | Stockholders Equity |
| 5.49M | 3.99M | 4.47M | 6.23M | -122.81K | 83.59K |
| Cash Flow | Free Cash Flow | ||||
| -1.45M | -1.49M | -3.16M | -1.64M | -18.95K | -214.41K | Operating Cash Flow |
| -1.45M | -1.49M | -3.16M | -1.64M | -18.95K | -214.41K | Investing Cash Flow |
| -743.59K | 0.00 | -238.45K | -3.50M | 0.00 | -100.00K | Financing Cash Flow |
| 2.25M | 1.43M | 1.20M | 7.16M | 20.00K | 13.00K |
Cult Food Science Corp. Technical Analysis
Cult Food Science Corp. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $8.92B | 15.03 | 4.68% | 6.11% | 3.59% | -2.49% | |
41 Neutral | C$926.08K | ― | 49.10% | ― | -6.24% | 81.75% | |
33 Underperform | C$1.87M | ― | -185.93% | ― | ― | 48.34% | |
| C$1.62M | ― | -113.86% | ― | ― | ― | ||
| $3.74M | ― | -351.09% | ― | ― | ― | ||
| C$2.24M | ― | ― | ― | ― | |||
27 Underperform | C$4.37M | ― | ― | -97.30% | 39.70% |
Cult Food Science Corp. Corporate Events
CULT Food Science Corp.’s subsidiary, Further Foods, has announced the international expansion of its Noochies! pet food products, securing initial orders from distributors in Singapore, Europe, and Canada. This move is a significant milestone in the company’s growth strategy, emphasizing its commitment to ethical and sustainable food production. The expansion reflects the brand’s increasing global appeal and aligns with the rising consumer demand for high-protein, nutrient-rich pet foods made without animal products.
CULT Food Science Corp.’s subsidiary, Further Foods, has announced the expansion of its Noochies! product line with initial orders secured from distributors in Singapore, Europe, and Canada. This international expansion is a pivotal moment for the company, aligning with its growth strategy to meet the rising global demand for sustainable, high-quality pet nutrition. The expansion underscores Noochies!’ commitment to ethical innovation and sustainability, offering high-protein, nutrient-rich pet food alternatives without relying on factory farming, further broadening its appeal in markets interested in plant-based and lab-grown food products.
CULT Food Science Corp.’s subsidiary, Noochies!, now accepts cryptocurrency payments including Bitcoin, Ethereum, Solana, and Dogecoin, expanding its consumer reach. Additionally, Noochies! has been recognized with a Pet Business Industry Award for its Sprinkles line and will showcase its products at industry events in 2025.
Cult Food Science Corp.’s subsidiary, Further Foods, has announced that their Noochies! products can now be purchased using popular cryptocurrencies like Bitcoin, Ethereum, Solana, and Dogecoin. This move aims to broaden their consumer base and maintain a leading edge in innovation. Additionally, Noochies! has been recognized with a Pet Business Industry Award for its Sprinkles line, showcasing its commitment to excellence.
Cult Food Science Corp. is making strategic moves in the food tech industry with its acquisition target, The Better Butchers Inc., signing a Letter of Intent with Genuine Taste to develop a hybrid meat product using cultivated fat. This collaboration is expected to position The Better Butchers at the forefront of innovation in the global food industry. The move aligns with Cult Food Science’s vision of reshaping the food landscape through lab-grown meat and cellular agriculture.
CULT Food Science Corp. has successfully secured $375,000 through a private placement of convertible debenture units, with Plaza Capital as the lead investor. This financing involves debentures convertible into common shares and warrants, allowing investors to participate in the company’s future growth. The debentures offer a 12% annual interest rate, adding an attractive feature for potential investors.
CULT Food Science Corp. has successfully completed a convertible debt financing, raising $375,000 through a private placement led by Plaza Capital. The financing includes convertible debentures and share purchase warrants, offering investors a potential stake in the company’s innovative food technology platform.
Cult Food Science Corp. is set to acquire The Better Butchers Inc., a leading innovator in meat alternatives, through a binding letter of intent. The acquisition promises to enhance Cult Food Science’s position in the alternative protein market by leveraging The Better Butchers’ expertise in creating nutritious and flavorful meat substitutes.
Cult Food Science Corp. celebrates the regulatory approval of lab-grown foie gras in Hong Kong, marking a significant step towards global acceptance of cultivated meat. The company also highlights breakthroughs in cost parity for cultivated chicken by Israeli startup Supermeat, and sustainable meat production by Czech biotech Bene Meat Technologies.
Cult Food Science Corp. celebrates the regulatory approval of cultivated foie gras by Vow in Hong Kong, marking a significant step in the global acceptance of lab-grown meats. The company also highlights Supermeat’s breakthrough in achieving cost parity for its cultivated chicken, potentially transforming the meat industry with sustainable solutions.
Cult Food Science Corp. celebrates the achievements of its venture arm companies, including Opalia Foods being named a finalist for Startup of the Year and Melibio securing $10 million in funding. Other notable accomplishments include Jellatech opening a new facility to expand collagen manufacturing and California Cultured receiving strategic investment from Puratos.
Cult Food Science Corp. celebrates significant achievements by its venture arm companies in the cellular agriculture and lab-grown meat sectors. Notable milestones include strategic investments and expansions by Melibio, California Cultured, and Jellatech, as well as Opalia Foods being named a finalist for a prestigious startup award. These developments highlight Cult’s pioneering role in reshaping the global food industry.
Cult Food Science’s subsidiary, Further Foods, is set to showcase its Noochies! dog snacks and supplements at the prestigious National Dog Show in Philadelphia, anticipating over 12,000 attendees. This event, broadcast nationwide on Thanksgiving Day, offers a prime opportunity for exposure to millions of viewers.
Cult Food Science Corp.’s subsidiary, Further Foods, is set to showcase its Noochies! brand at the National Dog Show in Philadelphia, a major event expected to attract over 12,000 attendees. The show, broadcast nationwide on NBC, offers a significant platform for promoting Noochies! dog snacks and the new Sprinkles supplements line. This exposure to a broad audience, including influencers and retailers, could boost the brand’s visibility and sales.