Cult Meals Science to amass The Higher Butchers in plant-based protein deal

Cult Meals Science Corp., an organization centered on lab-grown meat and mobile agriculture, introduced plans to amass The Higher Butchers Inc. The Vancouver-based Higher Butchers focuses on creating meat alternate options utilizing fungi-based proteins and superior meals applied sciences.

The deal, outlined in a letter of intent signed on December 10, 2024, will see Cult purchase 100% of The Higher Butchers’ shares. Each corporations are actually working to finalize the settlement, which is anticipated to shut by February 10, 2025, pending due diligence and regulatory approvals.

The Higher Butchers is thought for producing modern meat alternate options designed to prioritize each vitamin and taste. The corporate makes use of mycelium-based proteins constituted of fungi by way of fermentation to craft merchandise like sausages, burgers and bacon. As well as, they collaborate with different corporations to develop hybrid cultivated meats and precision-fermented fat.

The Higher Butchers’ merchandise have gained recognition, together with their award-winning chorizo, named “Product of the 12 months” by BC Meals & Beverage. The corporate can also be partnering with McMaster College on a four-year challenge to advance cultivated meat expertise.

The corporate was co-founded by Celeste Trujillo and Cult CEO Mitchell Scott. Trujillo, who holds superior levels in meals science and human well being, has over 15 years of expertise growing plant-based alternate options. Her background contains management roles at The Very Good Meals Co. and Daiya Meals.

What occurs subsequent?

Earlier than finalizing the acquisition, each Cult and The Higher Butchers will conduct additional due diligence. If all situations are met, the acquisition will transfer ahead, pending approvals from Cult shareholders and the Canadian Securities Change.

Cult CEO Mitchell Scott emphasised the significance of the partnership, saying, “The Higher Butchers has been on the forefront of growing high-quality meat alternate options. This acquisition aligns with Cult’s mission to reshape the worldwide meals business.”

The acquisition highlights Cult’s give attention to advancing different protein applied sciences to fulfill the rising demand for sustainable and modern meals options.

Additional Meals, a subsidiary of Cult Meals Science, presents its Noochies! product line to the pet meals area.

In line with Petfood Trade’s Pet Meals Product Database, Cult Meals Science, based mostly in Vancouver, Canada, is a disruptive meals expertise platform pioneering the commercialization of lab grown meat and mobile agriculture to reshape the worldwide meals business. Cult’s sturdy portfolio of investments in cutting-edge, venture-backed mobile agriculture and lab-grown meat corporations gives widespread investor entry to the way forward for meals. Cult is backed by a crew of consultants with intensive expertise in meals expertise and launching client meals merchandise.

Tailored from a press launch.