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Cibus Reports Second Quarter Financial Results and Provides Year-to-Date Business Update for 2025
Globenewswire· 2025-08-14 20:05
Core Insights - Cibus is focusing on the commercialization of Rice herbicide tolerance traits HT1 and HT3, with initial launches planned in Latin America in 2027 and the U.S. in 2028, potentially generating over $200 million in annual royalties [1][2][3] - The company aims to reduce annual cash usage to approximately $30 million by 2026 through operational streamlining [1][2] - Cibus raised $27.5 million in gross proceeds from a public offering, extending its cash runway as it approaches initial revenue generation [1][10] Financial Performance - For the quarter ended June 30, 2025, Cibus reported a net loss of $26.6 million, compared to a net loss of $28.5 million in the same period last year [20][27] - Revenue for the quarter was $933,000, an increase from $838,000 year-over-year [27] - Research and development expenses decreased to $12.2 million from $13.0 million, while selling, general, and administrative expenses fell to $6.6 million from $9.3 million, primarily due to cost reduction initiatives [13][27] Operational Updates - Cibus has signed a collaboration agreement with Colombian Rice producer Semillano and completed the delivery of three germplasm lines with the Cibus HT3 trait to an existing customer [1][3] - The company is on track for nominal revenues from its sustainable ingredients program in 2025, with targeted commercial expansion planned for 2026 [1][5][7] - The global regulatory environment for gene editing technologies remains supportive, with positive developments in various markets including the EU, Ecuador, India, and the U.S. [1][4][7] Strategic Focus - Cibus is concentrating on its core priorities: advancing Rice herbicide tolerance traits and partner-funded sustainable ingredients programs [2][3] - The company is expanding its trait pipeline and exploring additional opportunities for partner-funded programs [5][6] - Cibus is committed to operational efficiencies and building a foundation for sustainable growth to generate long-term shareholder value [2][3]
金融活水精准滴灌 激活乡村新动能
Ren Min Wang· 2025-08-06 09:49
Core Viewpoint - The Bank of China Ningbo Branch is actively supporting rural revitalization by providing targeted financial resources to key areas in agriculture and rural development, thereby injecting new momentum into the local economy [1][2]. Group 1: Financial Support for Agricultural Innovation - The Bank of China Ningbo Branch has provided a loan of 10 million yuan to a high-tech agricultural company focused on modern agricultural technology, enabling the company to enhance its market expansion and technological research [1]. - This financial backing is aimed at overcoming challenges such as high costs and financing difficulties, thus promoting efficiency in local agriculture and increasing farmers' income [1]. Group 2: Innovative Financial Products for Small Farmers - The "Merchant Convenience Loan" service was introduced to address the financing challenges faced by small agricultural entities, characterized by light assets and lack of collateral [1]. - A family farm in Xiangshan benefited from this service, receiving a credit line of 200,000 yuan without traditional collateral, which helped boost the online sales of local citrus products [2]. Group 3: Commitment to Rural Revitalization - Since 2025, the Bank of China Ningbo Branch has disbursed over 20 billion yuan in loans to more than 5,700 agricultural entities, demonstrating its commitment to rural revitalization [2]. - The branch plans to continue optimizing financial supply and providing precise financial support to enhance rural development [2].
中行宁波市分行:精准滴灌农业创活力 金融赋能农民创增收
Zhong Guo Jin Rong Xin Xi Wang· 2025-08-06 09:19
转自:新华财经 象山某家庭农场正是这一乡村普惠金融服务的受益者。家庭农场负责人罗师傅在象山定塘镇上承包了近 20亩土地,用于象山"红美人"柑橘种植,除自身种植销售外,罗师傅还收购镇上村民的柑橘进行网上销 售,带动当地柑橘产业的健康发展。然而,自身种植和收购当地村民柑橘给罗师傅带来了一定的资金压 力。中行宁波象山支行基于其良好的经营状况和线上销售潜力,通过"商户便利贷"金融服务方案,在缺 乏传统抵押物的情况下,迅速提供20万元纯信用授信支持,为农场插上了"云翅膀",让象山定塘镇 的"红美人"柑橘通过网络畅销四方,显著提升了农场和当地柑橘种植农民的经营效益。 从支持前沿农业科技企业打造核心竞争力,到金融赋能家庭农场拥抱数字经济拓宽增收渠道,中行宁波 市分行以灵活多样的金融产品和精准高效的服务模式,展现了金融助力乡村振兴的深度与温度。今年以 来,该行已为5700余家涉农经营主体累计投放超200亿元贷款。未来,中行宁波市分行将继续坚守服 务"三农"初心,持续优化金融供给,引金融"活水"精准滴灌乡村沃土,书写普惠金融服务乡村振兴新篇 章。(葛宁杰、谢可馨) 编辑:赵鼎 宁波某农业科技公司是一家致力于现代农业科技研发与应 ...
Cibus to Report Second Quarter 2025 Financial Results on August 14, 2025 After the Market Close and Host Conference Call
Globenewswire· 2025-08-05 11:00
Core Insights - Cibus, Inc. will report its second quarter 2025 financial results on August 14, 2025, with a conference call scheduled for 4:30 p.m. ET to discuss these results and other updates [1][2]. Company Overview - Cibus is a leading agricultural technology company focused on developing and licensing plant traits to seed companies, utilizing proprietary high-throughput gene editing technology [4]. - The company addresses critical productivity and sustainability challenges for farmers, particularly diseases and pests, which the United Nations estimates cost the global economy approximately $300 billion annually [4]. - Cibus is not a seed company but a technology company that licenses its innovations to seed companies in exchange for royalties on seed sales [4].
TrustBIX Inc. Announces Changes to Board of Directors
Newsfile· 2025-07-31 13:15
Core Points - TrustBIX Inc. has announced changes to its Board of Directors, appointing Nathaniel M. Mison as Chair of the Board and Lap Shing (Andrew) Kao as Chair of the Audit Committee [1][4]. - Nathaniel M. Mison has been an independent director since April 14, 2023, and succeeds Edward (Ted) Power, who served as Chair since September 1, 2019 [2][4]. - Mison is a Founding Partner of Diplomat Consulting and has a background in regulatory frameworks and public affairs, holding a B.A. in Political Science and Philosophy from the University of Alberta [3]. - Mison expressed commitment to supporting TrustBIX's mission in sustainable agriculture and food security [4]. - Lap Shing (Andrew) Kao, the new Chair of the Audit Committee, has extensive experience in auditing and accounting, and previously served as Chair of the Audit Committee from May 20, 2022, to April 14, 2023 [4][5]. - Edward (Ted) Power will remain a director of TrustBIX and is recognized for his significant contributions to the company [6]. - TrustBIX is an agricultural technology company focused on providing Gate to Plate® solutions aimed at enhancing trust and sustainability in the agri-food sector [7].
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]