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Cult Food Science Corp. (CULT.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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0.0350-0.0050 (-12.50%)
As of 10:35AM EDT. Market open.

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  • R
    Rodrick
    Simple to make profit: grow lab-meat copy of farm-meat, sell it at 50% or less than farm-meat, don't add vaccines, toxins, etc to it, sell it, people will willingly eat it, and make a lot of cash.
  • t
    tom
    Dead?
  • S
    S
    Alright. Up to 100k shares. Now just gonna sit back and relax
  • M
    Mike
    Did anyone get a letter in the mail about a meeting late november? Just asking because I did get a letter.
    There should be some movement in our shares after this meeting I would hope as there will be some significant people there leading to some institutional buy ins I would imagine if all goes well.
  • R
    Rodrick
    Someone asked how Cult has money to invest. Is this true: The company has millions of shares and sells them to investors (buyers) and then uses the money for investments, wages, etc. If this is true, the company has been dropping the sale price of its shares, again and again, to try to get more money from buyers. The company needs to make money instead of getting it from selling shares only, or eventually shares could go to the bottom.
  • M
    Mike
    A top exec getting arrested for biting someone’s nose is somehow not Beyond Meat’s biggest concern these days. As of late, the plant-based meat market has crumbled more than pea-protein ground beef.
    Driving the news: Sales of plant-based meats have declined over the past year while negative perceptions of the product have increased, per a new Deloitte report.
    • Market leader Beyond Meat’s share price has dropped ~77% this year, while shares of Ingredion, a company that provides ingredients for plant-based meats, have fallen ~19%.
    In Canada: Maple Leaf Foods reduced the size of its plant-based business by 25% after an extremely disappointing last quarter that saw sales slump by 15%, impacting the company’s overall bottom line.
    Why it’s happening: The main reason for the decline is financial: Inflation has forced consumers to cut back on groceries, and more expensive nice-to-haves like plant-based meats are the first to go.
    • There’s also a perception problem—shoppers are (perhaps rightfully) dubious of its health benefits and some regard its existence as part of a broader culture war.
    Why it matters: The widespread introduction of plant-based meats was supposed to herald an era of reduced meat eating, but Canada’s carnivorous consumption preferences are holding steady.
    • Research points to reduced meat consumption, not composting or using metal straws, as the single most effective action individuals can take to combat climate change.

    • But until plant-based meat alternatives can match the real deal in terms of price and taste, it doesn’t look like most people are going to make the switch.
    Bottom line: The industry is optimistic that growth will resume when inflation subsides, but until then consumers are prioritizing their pockets and tastebuds above all else.

    This is what I'm getting from the Peak news
  • R
    Rodrick
    Someone stated here that CULT would be delisted, but how can this be? It is already an OTC (over-the-counter) stock. It started out around $.40/share, so it is already a penny stock from the start.
  • R
    RageofMonkey
    Is there a release date yet on Performance scramble? I'm hoping to try it
  • t
    tom
    down to 3 today?
  • R
    Rodrick
    Who owns the shares of this company? Millions of shares....
  • R
    Rodrick
    What happens when people buy a lot of shares quickly, then purposely sell them for a much lower price...

    Wonder why this is done...
  • t
    tom
    oh boy look at that push at close
  • j
    jotaro
    just got in for the first time 15k shares let's make some money
  • M
    Mike
    Looking for some feed back. A few days ago there was 1.5 million in volume with little to no movement, however last friday we gained .03 c with just under a million in volume.
    Why with 1.5 mill did we not see much movement ?
  • S
    S
    Crazy volume today
  • t
    tom
    another flatline doesn't that usually mean something is dead
  • M
    Max
    I got 1 million share at .075.... When should I sell it?
  • t
    tom
    flatline,we all know what that means
  • t
    tom
    All this news and yet here we are lol!!!
  • S
    S
    How many shares everybody upto? 25k