CULT Food Science affiliate MeliBio lands distribution deal for plant cell-based honey in Europe
December 1, 2022
By Bakers Journal
Toronto – CULT Food Science Corp. announced that affiliate company MeliBio will be distributing its vegan, plant cell-based honey under the Better Foodie brand to launch their products in 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 from commercial beekeeping, CULT said in a news release.
Recently named SIAL Innovation Selection 2022, MeliBio’s product is now available for private label opportunities, using MeliBio’s technology and Narayan Foods’ operational capabilities,
MeliBio also announced an additional $2.2 million investment into the company from existing investors, including Collaborative Fund and Siddhi Capital, as well from new investor The Greenbaum Foundation. The company has received investment funding of a total of $9.4 million.
MeliBio, headquartered in Oakland, Calif., is a food company that makes honey without bees. CULT Food Science Corp. is a platform with a focus on product development, venture building and investment in cellular agriculture.
Print this page