CULT Food Science Completes Acquisition of Food Revolution Media

FRM Acquisition Set to Accelerate Company’s Mission of Complete Cellular Agriculture Ecosystem

TORONTO, September 2, 2022 /CNW/ – CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), an innovative investment platform with an exclusive focus on cellular agriculture that advances the development of new technologies to provide a sustainable, environmental and ethical solution to global industrial agriculture and aquaculture crises, announces the closing of its acquisition of Food Revolution Media Inc. (“FRM“) which was previously announced on July 22, 2022.

The two parties signed a definitive agreement and entered into a share-based transaction (the “Transaction“) pursuant to which CULT acquired 100% of the issued and outstanding shares of FRM in exchange for the minimum amount of 15,000,000 ordinary shares of the Company. An additional 15,000,000 ordinary shares of the Company may be acquired by FRM vendors through the achievement of certain quantitative milestones.

FRM is a leading content company focused on alternative proteins and cellular agriculture. With a global community of founders, scientists, thought leaders, venture capitalists and angel investors, Food Revolution Media is a powerful platform that encompasses the future of food. With this reach, Food Revolution Media is at the forefront of emerging trends, themes and innovation in food technology and cellular agriculture.

CULT management believes this will lead to a cumulative benefit for the company of exclusive deal streams, potential partnerships and co-investors. As CULT begins to shift toward rapid commercialization and partnerships with portfolio companies to advance consumer adoption, as well as its center of excellence with global cellular agriculture leader New Harvest, the company believes that leveraging the media is critically important to continuing to be a top mover and maximizing value as a public company.

The transaction is being made pursuant to prospectus exemptions available under applicable securities legislation. It remains subject to obtaining the necessary regulatory approvals. The Transaction is an arm’s length transaction and does not constitute a fundamental change or result in a change of control of the Company, within the meaning of the policies of the Canadian Securities Exchange.

Management commentary

“We have always believed deeply that the media is an essential part of the cell agriculture movement. In order to change consumer behavior, we need to build cultural awareness around the power of cell-based foods and the scientific breakthroughs that are happening. produce in our field.Having our ability to leverage a global audience through FRM will give us many advantages to continue to be at the forefront of cellular agriculture and bring value to our portfolio companies, partnerships and scientific innovation,” said Lejjy Gafour, CEO of CULT.

About CULT Food Science

CULT Food Science Corp. is an innovative investment platform focused exclusively on cellular agriculture that advances the development of new technologies to provide a sustainable, environmental and ethical solution to the global factory farming crisis. The first of its kind in North AmericaCULT Food Science aims to provide individual investors with unparalleled exposure to the most innovative start-up, private or early stage cultured meat, cell-based dairy and other cultured food companies across the world.

Additional information may be found by viewing the Company’s website at or its regulatory filings at

On behalf of the Company’s Board of Directors,


“Lejjy Gafour”
Lejjy Gafour, General Manager

Forward-looking information:

The information contained in this press release may involve forward-looking statements. Forward-looking statements are statements that relate to future and not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect” and ” intend”, statements that an action or event “may”, “could”, “could”, “should” or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or other future events, to differ materially from the results, performance or future achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the following risks: those associated with the marketing and sale of securities; the need for additional funding; reliance on key personnel; the potential for conflicts of interest between certain officers or directors with certain other projects; and the volatility of the price and volume of the Common Shares. Forward-looking statements are made based on the beliefs, estimates and opinions of management as of the date the statements are made and, except as required by law, the Company undertakes no obligation to update any forward-looking statements. whether these beliefs, estimates and opinions or other circumstances should prevail. Investors are cautioned against attributing undue certainty to forward-looking statements. For more information on risk, investors should consult the Company’s MD&A and other disclosure documents filed with regulatory authorities, available at

SOURCE CULT Food Science Corp.

For more information: About CULT Food Science Corp. : Tel: +1 (833) HEY-CULT (+1 (833) 439-2858), Email: [email protected], Web:, Twitter: @CULTFoodScience; For French inquiries regarding CULT Food Science: Maricom Inc., Tel: (888) 585-6274, Email: [email protected]

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