CULT Food Science Corp., a leading cellular agriculture technology and products company has announced that Marc Lustig has acquired 15% of the company through his family office L5 Capital Inc., becoming the largest individual shareholder. Lustig is a well-respected Canadian entrepreneur with a background in biotechnology, life sciences, and cannabis. This investment is a significant milestone for CULT Food Science, as it brings on board an experienced investor who shares the company’s vision of revolutionizing the food industry through cellular agriculture. CULT has been a first-mover in the cellular agriculture space and has been at the forefront of innovative scientific advancements in the industry. Lustig’s investment reflects his confidence in CULT’s ability to grow and expand its reach in the cell-based food sector.
Lustig’s investment in CULT Food Science is expected to be a game-changer for the company, enabling it to increase its impact and become a global leader in cell-based foods. With Lustig’s support, CULT is well-positioned to accelerate its growth and development in the cellular agriculture space. In addition, CULT contributes to a more environmentally-friendly and efficient food system by developing sustainable and resilient food production methods. This investment is a testament to the growing interest and investment in cellular agriculture and its potential for the future of food production.
Cellular Agriculture: Japan To Develop A “Cell Agriculture” Industry As Announced By Its Prime Minister
Japan’s Prime Minister Fumio Kishida has recently announced plans to develop an industry of “cell agriculture” in the country, focusing on cultivated meat and fish to reduce the country’s carbon footprint. Cell agriculture, which involves growing animal cells in a lab to produce meat and other animal products, is considered a more sustainable and eco-friendly method of food production, as it requires fewer resources and generates fewer greenhouse gas emissions than traditional animal agriculture. By investing in this innovative technology, Japan is taking a significant step towards a more sustainable and efficient food system, aligning with global efforts to combat climate change. This move also highlights the potential for cell agriculture to revolutionize the food industry, with many countries recognizing its potential to address the environmental and ethical issues associated with animal agriculture.
As concerns about the environmental impact and ethical issues associated with animal agriculture continue to grow, more and more countries worldwide are investing in developing cell agriculture technologies and products. From the United States and Israel to Singapore, Australia, Canada, and the Netherlands, governments and private companies are exploring the potential of cultivated meat and other animal products as a more sustainable and eco-friendly alternative to traditional animal agriculture. By growing animal cells in a lab, cell agriculture has the potential to significantly reduce greenhouse gas emissions, land and water use, and animal suffering while also increasing food security and efficiency. As such, it is rapidly gaining momentum as a promising new technology that could revolutionize the food industry in the coming years, helping to address some of the most pressing challenges facing our planet today.
