Chief Executive Officer Lejjy Gafour has disclosed a purchase of 100,000 shares of CULT Food Science in the open market on February 6th. It was his fourth purchase since November 14th, bringing his total recent purchases to 930,000 shares at a total cost of CAD$33,100.
As one of the few publicly-traded companies in the cellular agriculture space, CULT is held to higher reporting standards than private companies and its management team are required to disclose any purchases or sales of company shares. At the time of publication, CULT Food Science has a market valuation of CAD$7.85 million (USD$5.8 million).
A CEO buying their own company's stock shows a demonstration of confidence and faith in the future success of the company, and indicates that they are willing to put their personal financial resources behind the company. However, it's important to keep in mind that just because a CEO buys their company's stock, it does not necessarily guarantee future success.
This public filing is being shared for information and educational purposes only and Cell Based News does not intend for this information to be used to inform an investment decision. Always do your own research and make your own investment decisions. This is not a solicitation to purchase or sell securities.
About Lejjy Gafour
Lejjy is a self-taught entrepreneur and experienced company operator who made his start creating opportunities at the young age of 14, and he has been working, leading, and building businesses ever since.
Lejjy is the former co-founder and CEO of Future Fields, a YCombinator backed biotechnology company, and one of the first operating cellular agriculture companies in Canada. He has over 15 years of experience in both public and private enterprises executing strategy, technology, and product development for everything from financial institutions, manufacturing, public health, to world class universities. He is also a founding member of Cellular Agriculture Canada and currently serves on its board.
Lejjy believes that cellular agriculture, and other advanced food technologies, will become a pillar of how we create food over the next decade. He believes food is a fundamental aspect of life, and that we are gazing upon a new horizon of food technologies that will allow us to tackle the systemic problems that we will face as a society.
About CULT Food Science
CULT Food Science is an innovative platform with a focus on product development, venture building, and investment in cellular agriculture. CULT Food Science is advancing the development of these novel technologies to provide sustainable, environmental, and ethical solutions for the future of food. CULT Food Science shares trade on the Canadian Securities Exchange under the symbol CULT, on the US OTC Market under the symbol CULTF, and on the Frankfurt Exchange under the symbol LN0. Learn more at www.cultfoodscience.com