
TORONTO, Dec. 5, 2024 /CNW/ - CULT Food Science Corp. ("CULT" or the "Company") (CSE: CULT) (OTC: CULTF) (FRA: LN00), a pioneer in the investment, development, and commercialization of cellular agriculture technologies and products, congratulates Australian startup, Vow, for becoming the first cultivated meat company to satisfy the Hong Kong Centre for Food Safety requirements and for launching their Forged Gras product in restaurants across Hong Kong.
Alongside this achievement, CULT is pleased to share updates on the remarkable progress of Israeli startup Supermeat and Czech biotech company Bene Meat Technologies, each contributing to a more sustainable, animal-friendly food system.
Key Takeaways:
Vow
Vow has recently launched Forged Gras – a revolutionary twist on the delicacy, foie gras – making it the first and only company actively selling multiple cultured meat products in multiple markets. Vow's innovative twist on this highly sought-after but frequently banned dish marks the beginning of a new generation of food. Unlike traditional efforts to replicate existing foods, Vow is pioneering new products that bring the unimaginable and otherwise impossible to the table. Forged Gras pays homage to this delicacy, but it's not foie gras as we traditionally know it—it's the first "fatty liver" experience to be sourced from a tiny Japanese quail and crafted without any animal intervention, setting a bold new direction for the future of food.
SuperMeat
This Israeli startup which produces chicken meat composed of muscle and fat directly from animal cells, has announced advancements in both yield and speed which allow Supermeat to reduce its cost to produce cultivated chicken to USD$11.79 per pound. This is on par with pasture-raised premium chicken in the U.S. and marks a key step in commercializing cultivated chicken.
Bene Meat Technologies
Bene Meat Technologies is a Czech startup focused on research and development of technology for the production of cultivated meat on an industrial scale. In partnership with the Czech Technical University and the University of Nottingham, Bene Meat Technologies recently completed a life cycle assessment study focused on the industrial cultivation of meat. The study found that 3.1 square meters of land was needed to cultivate 1kg of meat which is a reduction compared to conventional farmed meat. The study also showed that 5.28kg of CO2 emissions are produced per 1kg of cultivated meat. Ourworldindata estimates conventional farmed meat typically generates between 20kg and 100kg of CO2 emissions per 1kg of meat.
Management Commentary
"The recent regulatory approval for Vow in Hong Kong marks a significant milestone in the rapidly evolving regulatory landscape for cultivated meat. At CULT, we are excited to celebrate Vow's groundbreaking achievement, which underscores our collective commitment to transforming the future of sustainable, cruelty-free food. While we celebrate this success, we also turn our attention to our diverse portfolio of companies, each of which plays a crucial role in creating a world where innovation and compassion work together to nourish and sustain us all," said Mitchell Scott, CEO of CULT.