Cult Food Science, a Canadian food technology platform focused on cultivated meat, has settled its outstanding debts with creditors by issuing 2,997,000 shares at $0.05 each. A portion of these shares are subject to a hold period, while the rest are not. The company's board of directors decided on the debt settlement to maintain cash for working capital.

The company's investment portfolio includes several companies in the cell-cultivated products sector, such as Ohayo Valley, Eat Just, and Umami Meats. Cult Food Science also owns 90% of Further Foods, which produces cruelty-free pet food under the Noochies brand. Recently, the company announced its intention to acquire The Better Butchers Inc, with both companies sharing the same CEO, Mitchell Scott, who is excited about the potential for commercializing innovative technologies in the food industry.