A drawing of a happy dog under the sun by Noochies!

© Noochies!

Cultivated, Cell-Cultured & Biotechnology

CULT Food Science Secures Funds to Expand Noochies! Line of Cultured Yeast Pet Food

CULT Food Science Corp. announces it has raised CAD$800,000 to expand the portfolio of Noochies! and solidify its position as a fast-growing, sustainable pet food brand. According to the announcement, CULT Food Science completed a private placement by selling 16,000,000 units for CAD$0.05 per unit. Each unit consists of one common share and one common share purchase warrant. The warrant allows the holder to purchase additional shares at a specified price within two years. PowerOne Capital Markets Limited acted as a finder in the private placement transaction and received $36,750 in cash finder’s fees and 735,000 finder’s units (Finder Warrants) as compensation. Each Finder Warrant can be exercised into one unit for $0.05 within two years from closing. Mitchell Scott, CEO of CULT Food Science, comments, …