CULT Food Science Completes Convertible Debt Financing

TORONTO, Dec. 19, 2024 /CNW/ - CULT Food Science Corp. ("CULT" or the "Company") (CNSX:CULT.CN) (OTC:CULTF) (FRA:LN00), a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry, is pleased to announce that it has closed a non-brokered private placement led by Plaza Capital (the "Lead Investor") of 375 convertible debenture units of the Company (the "Convertible Debenture Units") under which the Company has raised gross proceeds of $375,000 (the "Offering"). Each Convertible Debenture Unit is comprised of $1,000 principal amount of senior secured convertible debentures of the Company (the "Convertible Debentures") and 20,000 common share purchase warrants of the Company (the "Warrants").  The Lead Investor is an arm's length party to the Company.