Investor Marc Lustig Acquires 15% of CULT Food Science, Becomes Largest Individual Shareholder
CULT Food Science (CSE: CULT) (OTC: CULTF), an investment platform focused on cellular agriculture, announces Canadian entrepreneur Marc Lustig has acquired 15% of the company through his family office L5 Capital Inc. The transaction makes Mr. Lustig the company’s largest individual shareholder. Described as an esteemed entrepreneur with a background in biotech, life sciences and cannabis, Lustig previously worked as an institutional investment banker across Canada and Europe, prior to founding his own ventures. Transaction details In a statement, CULT revealed that Lustig acquired an aggregate of 27,518,900 common shares and 30,725,000 common share purchase warrants of Cult Food Science in private transactions. Under the transactions, a company controlled by Lustig paid an aggregate of $752,335.81, representing a price of 2.5 cents per share and …
