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Cibus Announces Steps to Implement More Streamlined Business Focus on its Nearest Term Revenue Opportunities
Globenewswire· 2025-07-23 20:05
Core Insights - Cibus, Inc. is implementing a reduction in force (RIF) as part of its strategy to streamline operations and focus on commercial opportunities in rice and biofragrance products, aiming to reduce annual net cash usage to approximately $30 million by 2026 [1][2][3] Group 1: Business Strategy - The RIF is expected to incur one-time charges of approximately $0.5 million in Q3 2025, aligning with the company's focus on optimizing its Trait Machine gene editing processes [1][2] - Cibus is prioritizing the commercial advancement of its HT1 and HT3 weed management traits in rice, while also advancing sustainable ingredients and bio-based fermentation fragrance products [2][3] Group 2: Market Position and Opportunities - Cibus is positioned to pursue partner funding to support its advanced productivity trait portfolio, which includes traits for disease resistance in canola, winter oilseed rape (WOSR), and soybean [1][3] - The company emphasizes its role as a technology provider rather than a seed company, utilizing proprietary gene editing technology to develop traits more efficiently than conventional breeding methods [4]
TrustBIX Inc. Announces the Results of Its Annual General Meeting of Shareholders
Newsfile· 2025-07-18 21:30
Core Points - TrustBIX Inc. held its Annual General Meeting on July 17, 2025, where all matters outlined in the Notice of Meeting were approved by shareholders [2][6] - Shareholders voted to fix the number of directors at five and elected five individuals as directors [6] - The company re-appointed its auditors for the upcoming year and authorized the directors to determine their remuneration [6] Company Overview - TrustBIX is an agricultural technology company that provides Gate to Plate® solutions aimed at promoting trust, reducing waste, and rewarding sustainable practices [4] - The company offers award-winning technologies that are utilized by both local and international agri-food organizations [4]
大北农: 2024年度社会责任报告(英文版)
Zheng Quan Zhi Xing· 2025-07-10 04:14
Core Viewpoint - The report outlines the corporate social responsibility (CSR) initiatives and achievements of Beijing Dabeinong Technology Group Co., Ltd. (DBN Group), emphasizing its commitment to environmental, social, and governance (ESG) practices while promoting agricultural innovation and development in China. ESG Management - DBN Group has established a three-level organizational structure for sustainability work, integrating ESG into business development and urging branches to fulfill ESG responsibilities [10][11][12] - The company focuses on improving resource utilization efficiency, reducing waste discharge, and promoting carbon emission reductions to minimize environmental impact [11][12] Company Profile - DBN Group, founded in 1993 by agricultural specialists, aims to strengthen agriculture and serve the country through innovation [7][9] - The company operates over 300 production bases and branches, with more than 10,000 primary-level technology promotion service stations nationwide [7][9] Key Achievements - As of the end of the reporting period, DBN Group owns 2 state key laboratories, 4 Enterprise Key Laboratories, and has been recognized as a national high-tech enterprise [7][9] - The company has made significant contributions to poverty alleviation, donating 5.35 million CNY to earthquake relief efforts [5][10] Financial Performance - In 2024, DBN Group reported revenues of 1.43 billion CNY from crop products, 19.05 billion CNY from feed products, and 6.28 billion CNY from pig farming, with year-on-year increases of 1.4% and 10.1% respectively [10][11] - The total energy consumption was reported at 75,436.45 tons of coal equivalent (tce), with greenhouse gas emissions of approximately 199,700 tons of CO2 equivalent (tCO2e) [10][11] Corporate Governance - DBN Group has implemented a governance structure that includes a Strategy and ESG Committee under the Board of Directors, ensuring compliance with laws and regulations [11][12] - The company emphasizes transparency and communication with stakeholders, actively responding to social concerns and participating in charity activities [11][12]
CubicFarm Systems Corporation: Announces Failure to File Cease Trade Order
Newsfile· 2025-07-04 20:20
Core Viewpoint - CubicFarm Systems Corp. has received a failure-to-file case trade order (FFCTO) from the British Columbia Securities Commission due to delays in filing required financial statements for the fiscal year ended December 31, 2024, and interim financial statements for the three-month period ended March 31, 2025 [1][2]. Group 1: Regulatory Actions - The BCSC issued the FFCTO prohibiting trading in the company's securities in Canada, with specific conditions allowing certain beneficial securityholders to sell their securities under regulated market conditions [1][2]. - The FFCTO replaces a previously granted management cease trade order that was issued on April 30, 2025, which has now been revoked [3]. Group 2: Financial Reporting Delays - The company failed to file its Required Annual Filings by the April 30, 2025 deadline and Required Interim Filings by the May 30, 2025 deadline, as mandated under National Instrument 51-102 [2]. - The company is actively working with auditors to complete the Required Filings and expects to file the Required Annual Filings for 2024 in the coming weeks [3]. Group 3: Company Overview - CubicFarms is a leading local chain agricultural technology company focused on developing solutions for sustainable food production, utilizing proprietary ag-tech solutions to produce high-quality produce and livestock feed [5]. - The company’s HydroGreen Nutrition Technology division offers innovative growing systems that enable year-round production of crops indoors, contributing to a localized food supply [5].
Water Ways Technologies Enters Strategic Partnership for Exclusive Tomato Hybrid Development for Vertical Farming
Globenewswire· 2025-07-02 11:00
Core Insights - Water Ways Technologies Inc. has entered into a strategic Tomato Seed Transfer and Breeding Agreement with BF AGRITECH Ltd to develop a proprietary tomato hybrid variety for vertical farming [1][2] - The agreement includes a payment of USD $200,000 over 12 months, with a 15% royalty on sales outside North America [2] - Water Ways plans to construct a vertical farming facility in Ontario dedicated to the hybrid by Q4 of 2025, contingent on successful development [3][7] Company Overview - Water Ways Technologies is a Canadian provider of advanced agricultural technologies, focusing on water irrigation solutions for agricultural producers in Canada and the USA [5] - The company aims to capitalize on opportunities in micro and smart irrigation, with projects including vineyards and fresh produce cooling rooms [5] Strategic Partnership - The partnership with BF AGRITECH is seen as a significant advancement in Water Ways' mission to provide innovative agricultural solutions [4] - The development of specialized tomato varieties aligns with the company's commitment to sustainable agriculture and the growing indoor farming market in North America [4]
The U.S. Food and Drug Administration Completes Review of Cibus' Altered Lignin Alfalfa Developed in Partnership with S&W Seed Company for use in Livestock Feed
Globenewswire· 2025-06-24 11:00
Core Insights - Cibus, Inc. has completed the FDA's Plant Biotechnology Consultation Program for its altered lignin alfalfa trait, receiving confirmation that it is suitable for food and feed applications [1][3] - The collaboration with S&W Seed Company aims to enhance alfalfa's nutrient availability for livestock and provide farmers with greater flexibility in harvest timing, leading to increased profitability [2][3] - S&W Seed Company plans to offer the first commercial gene-edited alfalfa varieties in the U.S., with two initial varieties available for purchase and planting soon [3] Company Overview - Cibus is a leader in gene-edited productivity traits, focusing on addressing critical challenges in agriculture, such as diseases and pests, which cost the global economy approximately $300 billion annually [4] - The company utilizes proprietary high-throughput gene editing technology to develop traits more efficiently than conventional breeding methods, licensing these traits to seed companies for royalties [4] - S&W Seed Company, founded in 1980, is a multi-crop agricultural company that focuses on proprietary seed development, particularly in sorghum and alfalfa, to meet the growing demand for animal proteins and healthier diets [5]
Origin Agritech to Hold Business Update & First Half of Fiscal Year 2025 Earnings Conference Call on Friday, June 27th at 8 a.m. ET
Prnewswire· 2025-06-23 13:25
A webcast replay will be available for two weeks. About Origin Agritech Limited BEIJING, June 23, 2025 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), a leading Chinese agricultural technology company, will announce its financial results for the first half of fiscal year 2025 on Thursday, June 26th after the market closes. Origin will host a conference call on Friday, June 27th at 8 a.m. ET with the investment community to discuss the Company's financial results and provide ...
Water Ways Seeks Shareholder Approval for Potential Share Consolidation
Globenewswire· 2025-06-18 21:00
Core Viewpoint - Water Ways Technologies Inc. is proposing a share consolidation at a ratio of up to ten pre-Consolidation Common Shares for one post-Consolidation Common Share, subject to shareholder approval at a special meeting scheduled for July 14, 2025 [1][2]. Group 1: Share Consolidation Details - The Board seeks authority to implement the consolidation when deemed appropriate to enhance the capital structure and attract a broader pool of investors [2]. - Currently, there are 148,785,346 Common Shares outstanding, which would reduce to approximately 14,878,537 Common Shares post-Consolidation if approved [3]. - No fractional Common Shares will be issued, and no cash will be paid for fractional shares resulting from the consolidation [3]. Group 2: Trading and Adjustments - Post-Consolidation, the Common Shares will continue to trade on the TSX Venture Exchange under the symbol "WWT," and the company's name will remain unchanged [4]. - The exercise or conversion price and the number of Common Shares under outstanding warrants and stock options will be proportionately adjusted to reflect the consolidation [4]. Group 3: Previous Attempts and Regulatory Approval - The company had previously announced a proposed share consolidation in December 2024, which received shareholder approval but was not implemented, leading to the lapse of that approval [6]. - The consolidation is subject to prior approval from the Exchange and shareholders [5]. Group 4: Company Overview - Water Ways Technologies Inc. is a Canadian provider of Israeli-based agriculture technology, focusing on water irrigation solutions for agricultural producers in Canada and the USA [8]. - The company is capitalizing on opportunities in micro and smart irrigation, with projects including vineyards and fresh produce cooling rooms [8].
融资成果汇|金融服务“快准暖实”·杨凌金融监管支局融资协调工作机制观察
Sou Hu Cai Jing· 2025-06-13 08:27
Core Viewpoint - The establishment of a financing coordination mechanism for small and micro enterprises in Yangling has significantly improved access to loans and financial services, leading to a positive response from the business community [1][3][4]. Group 1: Financing Coordination Mechanism - A specialized working group for small and micro enterprise financing was established, focusing on optimizing loan processes and creating fast approval channels [1][3]. - As of May 2025, 24,913 enterprises have been visited, resulting in a total loan issuance of 1.166 billion yuan [3]. - The mechanism aims to enhance the financing experience for small enterprises, thereby boosting their development potential [4][12]. Group 2: Policy Implementation and Support - The Yangling Financial Regulatory Bureau has implemented a series of innovative service measures to expand coverage and improve the financing experience for small enterprises [4][13]. - A total of 27 financial products have been introduced to facilitate better access to loans, including credit and renewal products [12]. - The bureau has conducted multiple visits to banks and enterprises to understand their needs and challenges, ensuring timely support [12][18]. Group 3: Collaboration and Strategic Partnerships - The Yangling Agricultural Bank has strengthened partnerships with local universities to enhance financial and intellectual support for agricultural enterprises [16]. - Specific financing solutions have been tailored for various enterprises, including a notable loan of 1.8 million yuan for a specialized enterprise [16][18]. - The focus on social credit systems is seen as a key factor in improving the accessibility and convenience of financing for small enterprises [17]. Group 4: Future Outlook - The Yangling Financial Regulatory Bureau plans to continue promoting the financing coordination mechanism as a priority for inclusive finance, aiming for better financial services for small enterprises [18].
Above Food Ingredients Inc. Achieves Full Listing Compliance with NASDAQ
Newsfile· 2025-06-12 14:05
Core Viewpoint - Above Food Ingredients Inc. has achieved full compliance with NASDAQ listing rules, enabling the company to proceed with its strategic merger with Palm Global and accelerate growth plans [1][3][4]. Compliance Achievement - The company regained compliance with NASDAQ listing Rule 5450(b)(3)(C) regarding the minimum market value of publicly held shares on May 27, 2025, and with listing Rules 5450(a)(1) and 5810(c)(3)(A) regarding the minimum bid price on May 23, 2025 [2]. Strategic Merger - The full compliance determination allows the company to expedite the completion of its transformative merger with Palm Global, which is anticipated to finalize in the coming days [3][4]. Leadership Commentary - Lionel Kambeitz, Executive Chairman and CEO of Above Food, emphasized that achieving full compliance is a significant milestone that supports the company's restructuring and growth plans [4]. - Peter Knez, Chairman and CEO of Palm Global Technologies, noted the progress made by Above Food in restructuring and transitioning to profitability, expressing eagerness to finalize the merger [4]. Company Overview - Above Food Ingredients Inc. focuses on delivering nutritious ingredients with transparency and sustainability, leveraging advanced agricultural technologies and proprietary seed development capabilities [5]. - Palm Global operates as an innovator in financial products and AgTech, aiming to drive economic empowerment and financial inclusion through scalable solutions [6][7].