15% of the Company Has Been Acquired by Marc Lustig, CULT Food Science Reports
Esteemed Canadian Entrepreneur Discloses Position of Over 27 Million Shares, Becoming The Largest Shareholder of the Company.
TORONTO, March 16, 2023 /PRNewswire/ – CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), a pioneer in the investment, development, and commercialization of cellular agriculture technologies and products, is pleased to announce that Marc Lustig has acquired 15% of the company through his family office L5 Capital Inc., becoming the largest individual shareholder.
Marc Lustig is an esteemed Canadian entrepreneur with a background in biotechnology, life sciences and cannabis. Prior to financing and founding his own ventures, Mr. Lustig had an extensive career as an institutional investment banker across Canada and Europe.
“I am very excited to have taken a significant ownership stake in CULT Food Science. I believe it is inevitable that cell based foods will sustainably transform our food systems for the better, and that these products will be coming to market much sooner than most people think. As a first-mover in the cellular agriculture space, CULT has the opportunity to play a unique and valuable role in the industry’s exciting scientific innovation,” said Marc Lustig.
“Having the support of Marc Lustig as a shareholder is a pivotal moment for us as a company. Mr. Lustig has repeatedly demonstrated the ability to be a first mover when it comes to emerging trends and also possesses a deep knowledge of how to build significant value for shareholders. Having Mr. Lustig support our journey in becoming a global leader in cell-based foods will enable us to increase our impact towards building a more resilient and sustainable future of food”, commented Lejjy Gafour, Chief Executive Officer of CULT Food Science.
** Click here to read the full-text **