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CULT Food Science Closes Debt Settlement

By: TheNewswire.com

November 04, 2025 at 19:55 PM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Toronto, Ontario, November 4, 2025 - TheNewswire - CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN00), a disruptive food technology platform focused on making investments to pioneer the commercialization of lab-grown meat and cellular agriculture to reshape the global food industry, announces it has closed the previously announced debt settlement agreement (the “Settlement Agreement”) to settle outstanding debts owed to an arm’s-length creditor (the “Creditor”) totaling $132,500 (the “Debt Settlement”).

Pursuant to the Settlement Agreement, the Company has agreed to issue an aggregate of 8,833,333 Shares at a deemed price of $0.015 per Share. The Company will be relying on section 2.24 (the “Exemption”) of NI 45-106 Prospectus Exemptions for the shares issued to the Creditors. Securities issued under the Exemption are not subject to a hold period and are free trading.

The board of directors of the Company determined that it is in the best interests of the Company to complete the Debt Settlement in order to preserve the Company's cash for working capital.

About CULT Food Science

CULT Food Science is a disruptive food technology investment platform focused on making investments to pioneer the commercialization of lab grown meat and cellular agriculture to reshape the global food industry. The Company’s investments may include the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing in exchange for pre-determined royalties or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets. The Company also provides operational, advisory, and commercialization support to select companies in its portfolio, including collaboration in launching new consumer brands and products. The Company’s objective is to reshape the global food system while enhancing long-term shareholder value through active stewardship and innovation.

Additional information can be found by viewing the Company's website at www.cultfoodscience.com or its regulatory filings on www.sedarplus.ca.

On behalf of the Board of Directors of the Company,

CULT FOOD SCIENCE CORP.

"Steve Vanry"

Steve Vanry, Chief Financial Officer

For further information about CULT Food Science Corp.:

Tel: + 1 (888) 733 - 8581

Email: IR@CULTFoodScience.com

Web: CULTFoodScience.com

Twitter: @CULTFoodScience

Forward-Looking Information:

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements relate to future events or the anticipated performance of the Company and reflect management’s current expectations and assumptions. Forward-looking statements in this news release include, without limitation, statements regarding: the completion of the Debt Settlement, including the issuance of Shares pursuant to the Settlement Agreement; the anticipated benefits of the Debt Settlement to the Company; and the expected preservation of cash for working capital purposes. Forward-looking statements are often, but not always, identified by words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “estimate”, “may”, “will”, “should”, “could”, “continue”, and similar expressions. Forward-looking statements are based on the opinions, assumptions and estimates of management as of the date such statements are made and are subject to a variety of known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the Company not completing the Debt Settlement on the terms described herein or at all; regulatory or compliance risks; general business, economic, competitive, political and social uncertainties; the need for additional capital; reliance on key personnel; potential conflicts of interest; and volatility in the market price and trading volume of the Company’s securities. Additional risk factors that could affect the Company and its business are described under the heading “Risk Factors” in the Company’s most recent Management’s Discussion and Analysis and other continuous disclosure filings, available under the Company’s profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those disclosed in forward-looking statements, there may be other factors that cause results to differ from expectations. Forward-looking statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on such statements. Except as required by applicable securities laws, the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE: CULT Food Science Corp.

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