Unami Deploys Funding to Advance Cultivated Seafood by Developing Growth Serum and Establishing Spent Media Analysis, 3D Structuring for Prototyping, and Fish Fat Development Collaborations
VANCOUVER, BC, June 16, 2022 /CNW/ – CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), an innovative investment platform with an exclusive focus on cellular agriculture that is advancing the development of novel technologies to provide a sustainable, environmental and ethical solution to the global factory farming and aquaculture crises, is pleased to announce that its portfolio company, Umami Meats (“Umami“), has recently made significant progress in research and development, recognition and human resources. Based in a Singapore, Umami is a food-tech start-up developing sustainable seafood that is cultivated and not caught.
CULT Food Science Corp. (CSE: CULT, OTC: CULTF, FRA: LN0) (CNW Group/CULT Food Science Corp.)
It has become crucial that companies like CULT and Umami strive to integrate sustainably sourced fish and seafood into the global food security conversation. Historically, the seafood industry has significantly impacted the environment with an estimate that 85% of marine fish stocks are either fully exploited or overfished.1 Also, many fisheries throughout the world throw away more fish than they keep, which is counterproductive to food security.1 To meet overall nutrition requirements and growing food demands, it is predicted that food production must increase by 70% by 2050.2 Therefore, cultivated seafood from Umami, as well as meat products, have the potential to provide protein without further exhausting the world’s natural resources, based on having a higher feed conversion ratio and similar nutritional value to traditional meat.2
Umami’s recent achievements include but are not limited…