Canadian entrepreneur acquires 15 per cent of Cult Food Science
By Food in Canada StaffBusiness Operations Specialty Foods Cult Food Science Editor pick
Cult Food Science reveals Marc Lustig acquires 15 per cent of the company through his family office L5 Capital. This makes Lustig the company’s largest individual shareholder.
Marc Lustig is a Canadian entrepreneur with a background in biotechnology, life sciences and cannabis. Prior to financing and founding his own ventures, Lustig had an extensive career as an institutional investment banker across Canada and Europe.
“I am very excited to have taken a significant ownership stake in Cult Food Science. I believe it is inevitable that cell-based foods will sustainably transform our food systems for the better, and that these products will be coming to market much sooner than most people think. As a first-mover in the cellular agriculture space, Cult has the opportunity to play a unique and valuable role in the industry’s exciting scientific innovation,” said Lustig.
“Having the support of Marc Lustig as a shareholder is a pivotal moment for us as a company. Lustig has repeatedly demonstrated the ability to be a first mover when it comes to emerging trends and also possesses a deep knowledge of how to build significant value for shareholders. Having Lustig support our journey in becoming a global leader in cell-based foods will enable us to increase our impact towards building a more resilient and sustainable future of food,” commented Lejjy Gafour, CEO of Cult Food Science.
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