Key Takeaways
- Shareholders of CULT Food Science Corp. approved all proposals during the Annual General and Special Meeting.
- Mark Goldhar was appointed as a new director, replacing Naveen Varshney.
- The company authorized a 1-for-50 share consolidation to enhance shareholder value.
Annual General Meeting Overview
Toronto, Ontario – August 8, 2025 – CULT Food Science Corp. announced the outcomes of its Annual General and Special Meeting (AGSM) of Shareholders. Key votes included the approval of audited financial statements for the fiscal years ending December 31, 2024, and 2023, and the election of directors.
Central to the meeting was the decision to fix the board at three directors and to appoint auditors for the upcoming year. Significant among the decisions was the approval of a special resolution allowing the consolidation of shares on a 1-for-50 basis and the renewal of the 2021 Stock Option Plan and Restricted Share Unit Plan.
New Board Appointment
Mr. Naveen Varshney, initially proposed for board election, will not be joining. Instead, Mr. Mark Goldhar has been appointed as a director, effective August 5, 2025. Goldhar, based in Halifax, Nova Scotia, brings extensive experience in business development and financial strategy. He has co-founded multiple companies, facilitating exits that generated over $290 million. His roles have included CFO positions in various sectors, and he currently serves as the CEO of Wenova Ventures.
About CULT Food Science
CULT Food Science aims to revolutionize the food industry through investments in lab-grown meat and cellular agriculture. The company mainly seeks to enhance shareholder value through acquisitions of equity, debt, or other securities in public or private companies.
For further details, stakeholders can access the company’s website or regulatory filings online.
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