- CULT Food Science invests in innovative cellular agriculture companies to create sustainable, slaughter-free, and nutritionally sound food inputs.
- The company’s portfolio includes 18 early-stage investments across four continents, addressing the environmental, ethical, and health challenges of factory farming.
- MeliBio, a venture under CULT Food Science, has achieved significant milestones in 2024, positioning CULT for sustained growth in the cellular agriculture sector.
Looking for a growth stock company based in Canada is hard, especially with the frenzied momentum surrounding the tech industry. Indeed, many investors have recreated the good old Gold Rush, but with AI. While research firms tend to say this sector might be in a bubble (which can pop at any time), it might be wise to diversify your portfolio by investing in something more tangible. After all, why not invest in something that billions of people do daily, and even better, invest in a stock that has great momentum and constantly pushes its 52-week high? One such opportunity is Cult Food (CSE:CULT OTC:CULTF, FRA:LN0), a company addressing the pressing challenges of factory farming with innovative and sustainable solutions.
The Pressing Challenges of Factory Farming: Environmental, Ethical, and Health Implications
Factory farming faces significant challenges that impede its ability to meet the growing global demand for meat and protein. Environmental concerns such as greenhouse gas emissions, deforestation, water pollution, air pollution, and excessive water usage are critical issues. Animal welfare is compromised by crowded conditions, inhumane practices, short lifespans, and health problems. Moreover, human health is at risk due to antibiotic resistance, foodborne illnesses, poor nutritional quality, and worker exploitation. With meat and protein demand projected to double by 2050, nearly half of the world’s habitable land already used for agriculture, and livestock farming contributing approximately 15% of global CO2 emissions, the pressure on existing food systems is immense.
Introducing CULT Food Science
CULT Food Science’s mission is clear: to build food brands that are good for the world and invest in the most innovative cellular agriculture companies globally. CULT’s global venture portfolio spans four continents and includes exposure to 18 early-stage investments, representing an exciting and diverse cellular agriculture pipeline.
CULT Food Science Cult Food (CSE:CULT OTC:CULTF, FRA:LN0) focuses on finding the best ingredients by scouring the world for companies using cellular agriculture to create food inputs that are slaughter-free, net zero emissions, and nutritionally sound. When CULT finds such companies, they invest in them, owning equity and developing partnerships around ingredient supply.
Using these ingredients, CULT Food Science builds entirely new categories of food that are both delicious and ethically sound. These new food categories are tested, refined, and iterated on through their product incubation studio until they are ready to make an impact.
As CULT Food Science brings this new type of food product into the world, they create a virtuous cycle. It’s good for the consumer, good for the planet, good for animals, good for their portfolio companies, and good for CULT.
- Two California Companies [Good Meat and Upside Foods] Will Soon Sell Lab Grown Meat
- Jellatech Raises $3.5 Million To Fund Its Lab Grown Gelatin
- California Cultured Signs 10-Year Agreement for Cell Cultured Cocoa with Japan’s Largest Chocolate Company
- MeliBio’s honey production, minus the bee, will have you buzzing
CULT Food Science Announces Breakthrough Achievements for MeliBio in 2024
CULT Food (CSE: CULT) (OTC: CULTF) (FRA: LN0) recently announced major milestones achieved by its
venture arm, MeliBio, in the first half of 2024. MeliBio’s collaboration with Pow.bio has successfully scaled its fermentation technology, achieving record bioprocess improvements and setting the stage for producing Gen 2 products targeting the $100 billion bee products and protein ingredients industries. Mellody, MeliBio’s flagship product, has secured high-profile clients and expanded distribution through KeHE, UNFI, and Performance Foodservice. Recognized by Fast Company as one of the World’s Most Innovative Companies for 2024 and included in the FoodTech 500 list, MeliBio continues to gain industry acclaim. In January, the company delivered over 1,000 Mellody orders across the U.S., reflecting strong market demand. June marked a record revenue month for MeliBio, with Mellody expanding into 150 additional restaurants and stores, including Neat in Nolita, NYC.
“MeliBio’s achievements this year showcase their dedication to innovation and strategic growth. Their success not only highlights their potential but also reinforces our commitment to supporting groundbreaking advancements in the food technology sector. These developments position MeliBio and CULT for sustained growth and continued value creation. MeliBio is poised for further growth with upcoming product launches and additional strategic partnerships, as they plan to expand their distribution network and explore new markets, aiming to solidify its position as a leader in CellAg industry.”
CEO of CULT Food Science, Mitchell Scott
Cultivated Meat Market Could Reach $25B in the Next Decade and $64.4B for the pet food market
The cultivated meat market is poised for remarkable growth, potentially reaching a value of $25 billion over the next decade, according to a recent market analysis by McKinsey. “Since developing the first prototypes, companies have achieved a staggering 99% reduction in production costs. In late 2020, diners at an upscale
club in Singapore—the first country to approve the consumption of cultivated meat—savored crispy sesame chicken made from animal cells. Regulatory bodies in the United States have established agreements to oversee the product, while the European Union has allocated a multimillion-euro grant for further research. Currently, the industry comprises fewer than 100 start-ups but attracted approximately $350 million in investments in 2020 and about $250 million so far in 2021. Major animal-protein companies like Tyson and Nutreco, alongside renowned investors such as Temasek and SoftBank, have contributed to this influx,” states the report. Market value estimates vary, ranging from $5 billion to $25 billion, depending on the growth scenario—low, medium, or high.
- Jeff Bezos-backed fund gives N.C. State $30 million to research lab-grown proteins
- USDA allows lab-grown meat to be sold to US consumers
- Brazil’ s JBS starts building lab-grown beef factory in Spain
- Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future
The pet food market, particularly in North America, is experiencing significant growth potential, bolstered by an expedited ingredient approval process and a consumer base eager for healthier options. In 2023, U.S. pet food industry sales reached $64.4 billion, marking a 10.8% increase from 2022. This surge is driven by pet owners’ increasing demand for healthier and more sustainable food and treat options. The United States accounted for over 48% of the global pet food industry in 2023. Regulatory approval for new ingredient types in pet food products is notably more streamlined and expedited compared to food for human consumption, providing a faster route to market.
Conclusion
Finding a growth stock company in Canada can be challenging amid the tech industry’s rapid momentum. However, diversifying your portfolio with tangible investments is wise. CULT Food Science (CSE:CULT OTC:CULTF, FRA:LN0) offers such an opportunity by addressing the critical issues of factory farming through cellular agriculture. Their innovative approach and strategic investments in companies like MeliBio create sustainable food solutions that benefit consumers, the planet, and animals. With a portfolio that consistently pushes its 52-week high, CULT Food Science stands out as a promising investment in the burgeoning field of cellular agriculture.
Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website. He then contributed to building Guerilla Capital, a Capital Markets company and FirstPhase Capital where he was head of research. At10xAlerts, he writes articles and conducts interviews on many sectors, including breaking news technology, metals & mining markets.
