CULT Food Science partners with Cella Food Systems Inc.
Maryam FaragFood Industry Food & Beverage Manufacturing agriculture cell equipment food food and beverage machinery machines manufacturing
CULT Food Science Corp. has entered into a binding Letter of Intent with Cella Food Systems Inc. to accelerate its cell-based product development capabilities via Cella’s patent portfolio, machine learning data and prototyping IP toolkits.
CULT continues to build “defendable moats around its cellular agriculture intellectual property, patent and investment platform through the additive commercial arrangement.”
“This is expected to ultimately result in multiple future revenue and royalty streams for CULT as it contributes not just capital, but also cutting-edge technologies across its portfolio. This is the first step in the Company’s strategic plan to harness the upside of the nascent cell-based foods markets not only as an investor, but as a principal,” said Lejjy Gafour, President, CULT.