CULT Food Science Affiliate MeliBio Lands Distribution Deal for its Plant Cell-Based Honey with Europe’s Largest Organic Food Producer
Asia Food Journal
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MeliBio launches its vegan, plant cell-based honey at 75,000 stores across Europe in collaboration with Narayan Foods in early 2023.
CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), an investment platform accelerating the development of cellular agriculture technologies to advance the future of food, announces that affiliate company MeliBio will be distributing its vegan, plant cell-based honey under the Better Foodie brand to launch their products across 75,000 European stores in collaboration with Narayan Foods in early 2023.
MeliBio uses plant biology and precision fermentation to replace honeybees with microorganisms as a medium for honey production, delivering the same taste profile and health benefits of conventional honey without the damage to bees and their ecosystems endured by commercial beekeeping.
Recently named SIAL Innovation Selection 2022, one of Europe’s most prestigious food innovation awards, MeliBio’s product has already shown high demand by retailers across Europe. It will also become available for private label opportunities, using MeliBio’s technology and Narayan Foods’ operational capabilities. It will offer restaurants and food industry partners a vegan, plant-based alternative that protects bees and their ecosystems.
MeliBio also announced an additional $2.2 million investment into the company from existing investors, including Collaborative Fund and Siddhi Capital, and new investor The Greenbaum Foundation led by Jim Greenbaum, executive producer of The Game Changers and Seaspiracy. The company’s total funding up to date reaches $9.4 million.
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