CULT's US-based portfolio company, Eat Just, Inc., announced that it has committed to building the world's largest bioreactor complex for cultivated meat. Measuring four-storeys in height, the 10-bioreactor facility is expected to be operational by late 2024 and have the capacity to grow up to 13,700 tonnes of chicken and beef per year by 2030.

GOOD Meat is a cellular agriculture business that cultivates meat by growing cells in bioreactors. The company has been selling cultivated chicken in Singapore since December 2020 and is the only company that has gained regulatory approval to sell its product to the public.

The 10 new bioreactors in GOOD Meat's new complex are being designed to have a capacity of 250,000 litres each and the US-based site for the facility is due to be finalised within the next three months. CULT's investment in GOOD Meat is proving to be timely as both entities are prioritising tackling the food crisis through cellular agriculture.

"We are excited for GOOD Meat and its recent announcement as we believe that cellular agriculture is the solution to our global food crisis and the foundation of our future food system," said Lejjy Gafour, Chief Executive Officer of CULT. "GOOD Meat is helping to pave the way for a better future through the construction of the largest bioreactor complex in the world."

"Our special committee was created to find solutions and explore technologies to aid with food security and combat shortages," he added. "GOOD Meat's announcement, along with CULT's own initiatives, demonstrate that cellular agriculture is gaining traction as a viable solution around the world to solve an enlarging set of challenges that are only increasing in their criticality."