MeliBio, the CULT Food Science holding company, unveils the world’s first real honey made without bees

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Of the society Cellular Honey Investment becomes the first to successfully produce batches of products on an industrial scale

VANCOUVER, BC, October 18, 2021 / CNW / – CULT Food Science Corp. (“CULT” or the “Company”), an innovative investment platform focused exclusively on clean, laboratory-grown foods that advances the development of new technologies to provide a sustainable, environmental and ethical solution to global crises in factory farming and aquaculture, is pleased to announce that after an extensive research and development campaign, its sustainable cellular honey holding company, MeliBio Inc. (“MeliBio“) has successfully evolved its method of making bee-free honey to a manufacturing level, demonstrating the ability to meet the needs of many customers for non-animal honey. Melibio is currently taking orders from existing and new restaurant customers and wholesalers for planned deliveries will take place in late 2021 and early 2022.

MeliBio recently announced that it has further validated its proprietary technology with the completion of a successful manufacturing pilot project, which resulted in the unveiling of the world’s first industrially manufactured honey without bees. Over 100 members of the climate technology, food technology and investment communities San Francisco Bay Area was fortunate enough to be among the first in the world to taste MeliBio honey during an event hosted at Cell Valley Labs, which is an incubator and networking space at Berkeley, California.

MeliBio has developed a scientific approach to replace bees as a means of producing honey. The company provides solutions to several sustainability and supply chain challenges facing the global honey industry, which was valued at over US $ 7 billion in 2019 and is expected to exceed 11 billion US dollars in value by 2027, according to Statista. Additionally, the industry is expected to grow at an attractive compound annual growth rate of 8.2% over a similar period, according to Grand View Research. The global honey supply chain faces additional challenges in meeting demand, as recent honey harvests have been severely affected by climate change, resulting in low honey yields and price volatility.

Management commentary

“We applaud MeliBio’s rapid advancements and view them as an impressive feat of precision, research and engineering, while being very indicative of the evolving nature of their proprietary technology. The world’s first real honey produced without bees presents an extremely attractive use case for MeliBio’s wholesale customers and is something that we believe should help reach a suitable product market for all of the world. ‘catering industry,’ said Dorian banks, Managing Director of CULT.

About MeliBio

MeliBio is the pioneer of a proprietary technology based on plant biology, precision fermentation and food science that replaces honey bees with microorganisms as a means of producing honey. The company was founded by a scientist Aaron Schaller, PhD and senior executive in the honey industry Darko Mandich in 2020, both passionate about 10 billion dollars global sustainable honey industry, with a positive impact on bees.

MeliBio not only strives to bring the delicious and familiar taste of honey, but it also focuses on creating a non-animal product that works the same as the animal analogue and brings the amazing benefits associated with honeys. High quality. By harnessing microbiology and plant-based food science, MeliBio creates clean, sustainable honey, with a nutrient composition and richness equivalent to that of honey made by bees.

About CULT Food Science

CULT Food Science Corp. is an innovative investment platform focused exclusively on clean, laboratory-grown food that advances the development of new technologies to provide a sustainable, environmental and ethical solution to the global factory farming crisis. The first of its kind in North America, CULT Food Science aims to provide individual investors with unprecedented exposure to the most innovative start-ups, private or start-up companies producing cultured meat and cultured dairy products across the world.

Additional information can be found by visiting the Company’s website at www.cultfoodscience.com or its regulatory documents at www.sedar.com.

On behalf of the Board of Directors of the Company,

CULT FOOD SCIENCE CORP.

“Dorian banks”
Dorian banks, CEO

Forward-looking information:

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SOURCE CULT Food Science Corp.

For more information: Cult Food Science Corp., Tel. : +1 (604) 687-2038, E-mail: [email protected]

Related links

www.cultfoodscience.com

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