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IN BRIEF - CULT Food Science Announces Closing of Private Placement

CANADA
Friday, May 03, 2024

TORONTO - CULT Food Science Corp., a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry, is pleased to announce that the Company has closed the non-brokered private placement ("Private Placement") of units ("Units") previously announced on April 17, 2024 for gross proceeds of C$800,000 through the sale of 16,000,000 Units at a price of C$0.05 per Unit.

Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and one common share purchase warrant (each a "Warrant"). Each Warrant will be exercisable into one Common Share at a price of C$0.06 per share for two (2) years from the date of issue.

The proceeds from the Private Placement are intended to be used for working capital and general corporate purposes. All securities issued pursuant to the Private Placement will be subject to a four month and one day hold period from the date of issue pursuant to National Instrument 45-105 – Prospectus Exemptions.

PowerOne Capital Markets Limited acted as a finder in connection with a portion of the Private Placement. In connection with the Private Placement, the Company paid aggregate cash finder's fees of $36,750 and issued 735,000 finder's units (each, a "Finder Warrant"), each Finder Warrant being exercisable into one Unit at a price of $0.05 for a period of two (2) years from the date of Closing.


Other Media | The Fishing Daily: Appetite for Sustainably Sourced Tuna Undimmed by Cost-Of-Living Crisis 

UNITED KINGDOM
Friday, May 03, 2024

Global volumes of tuna sold with the Marine Stewardship Council (MSC)’s blue ecolabel grew by almost 10% year on year from 196,363 metric tonnes in 2022-23 to 217,300 mt in 2023-24, according to data from the MSC.

Volumes sold are up almost 60% in the two years from 2020-21 when global sales were just 137,600 mt.

Most tuna carrying the MSC certified label is tinned but the data also includes sales of wet tuna from the fish counter, frozen, in ready meals or pet food.?

Author: Oliver McBride / The fishing Daily l Read the full article here


Other Media | La Voz de Galicia: Offensive in Brussels so that Thailand does not put its tuna into the EU without tariffs

EUROPEAN UNION
Friday, May 03, 2024

The European Commission's negotiations to sign a free trade agreement with Thailand have perhaps forged not strangers, but unprecedented bedfellows. The NGOs Oceana and EJF (Environment Justice Foundation), the fishing association Europêche, and the canning association Anfaco-Cecopesca met with the general director of Fisheries and Maritime Affairs (DG Mare), to convey to Charlina Vitcheva their concern that countries such as Indonesia, the Philippines and, above all, Thailand, can take advantage of the change in the political cycle in the EU to blur the red lines that the community industry and conservationists had marked, such as the consideration of tuna as a sensitive product, the demand for equal rules of gambling or the fight against illegal fishing.

Source: La Voz de Galicia l Read the full article here


Other Media | Fish Focus: EC shares recommendations and good practices for Aquaculture

EUROPEAN UNION
Friday, May 03, 2024

The European Commission has published two staff working documents to support EU Member States in facilitating the sustainable growth of aquaculture.

This comes in response to aquaculture producers’ calls to reduce the administrative burden on establishing and operating aquaculture sites in the EU.

The objective is to unlock the potential of aquaculture in the EU. Despite all of its benefits, aquaculture production in the EU has not grown at the same pace as in other parts of the world. 

Source: Fish Focus l Read the full article here


Other Media | Ind Pesqueras: Grupomar announces a series of actions with which it will reinforce its commitments regarding the sustainability of tuna

MEXICO
Friday, May 03, 2024

Within the framework of World Tuna Day, the Mexican holding company Grupomar announces that it is strengthening its commitment and actions regarding sustainability to contribute to the preservation of the populations of this key species for global nutrition.

To help meet this goal linked to UN Sustainable Development Goal 14 for the preservation of Underwater Life, Grupomar will increase its efforts: carrying out sustainable fishing practices such as the Purse Seine Art (a method that protects the accidental capture of other species ); through the On-Board Observer program of the Inter-American Tropical Tuna Commission in its tuna fleet

Source: Industrias Pesqueras l Read the full article here


Other Media | The Fish Site: Startup develops affordable aquaculture sensor

WORLDWIDE
Friday, May 03, 2024

A new, low-cost Internet of Things (IoT) sensor system could help the aquaculture sector in developing countries fight against the effects of climate change by enabling fish farmers to detect, monitor, and manage water quality in real time.

Aqsen Innovations has partnered with CENSIS – Scotland’s innovation centre for sensing, imaging, and IoT technologies – to advance the development of its sensor system, Aquasense. This can be adapted to test for a range of variables in water, such as temperature, oxygenation, salinity, and the presence of chemicals such as chlorine.

Source: The Fish Site l Read the full article here


Other Media | The Fish Site: Progress made for California aquaculture legislation

UNITED STATES
Wednesday, May 01, 2024

A bill which seeks to expedite the review and approval process for mariculture projects in California has received bipartisan support, passing onto the state Appropriations Committee.

Currently in the process of consideration by the California Assembly, a bill which seeks to improve the efficiency of review processes for aquaculture projects has received support across both political parties and has been passed on to the next phase of the legislative process.

Source: The Fish Site l Read the full article here


Other Media | SalmonBusiness: Land-based salmon farmer achieves 95 percent superior share with first harvest

NORWAY
Wednesday, May 01, 2024

Bue Salmon conducted its first harvest earlier this week.

Norwegian land-based salmon producer Bue Salmon has announced the harvest of 90 metric tons of salmon for the first quarter of 2024.

The latest batch of salmon, initially stocked at 100 grams in June 2023, reached an average harvest weight of over 4 kilograms, with 95% rated as superior quality.

The largest individual fish weighed over 8 kg. The mortality rate for the batch was approximately 2%.

Source: SalmonBusiness l Read the full article
here


Other Media | SeafoodSource: Label Rouge changes set to benefit Scottish salmon industry

FRANCE
Wednesday, May 01, 2024

The government of France has announced new changes to its Label Rouge quality mark, which the Scottish salmon industry says will help expand its markets.

Label Rouge is a French mark of quality originally established in the 1960s that places stringent quality standards on food producers. For Scotland-based salmon producers, Label Rouge has long been an important part of their overall marketing strategy in Europe, and the product was the first non-French product to ever be awarded the quality label.

Author: Chris Chase / SeafodoSource l Read the full article here


Other media | MundoAcuicola: Joint project between Chile and Japan seeks to predict red tide

CHILE
Wednesday, May 01, 2024

In April 2018, the ambitious “Project for the Development of Monitoring Methods and Prediction System for Harmful Algal Blooms for Sustainable Aquaculture and Coastal Fisheries in Chile” began, also known as Algae Monitoring in Chile (MACH). , scientific and technological collaborative effort between Chile and Japan with a holistic-ecosystem view that recognizes that the phenomenon of Harmful Algal Blooms (HAB) depends on the environmental quality and the biotic diversity of the ecosystem, as a result of which collaborative relationships are established (mutualism) and antagonistic (parasitism) between microbial diversity and phytoplanktonic species.

Source: MundoAcuicola l Read the full article here


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