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TrustBIX Inc. Announces Closing of Previously Announced Private Placement
Newsfile· 2025-09-02 23:30
Core Points - TrustBIX Inc. has successfully closed a non-brokered private placement, issuing 10,000,000 units at a price of $0.04 per unit, resulting in gross proceeds of $400,000, pending final acceptance by the TSX Venture Exchange [1][3] Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.08 for two years [2] - If the closing price of common shares reaches or exceeds $0.12 for twenty consecutive trading days, TrustBIX can accelerate the expiry date of the warrants [2] - The proceeds from the private placement will be used for general working capital, including acquiring inventory to support ongoing operations [3] Group 2: Regulatory and Compliance Information - The securities issued are subject to a statutory hold period of four months and one day following the closing [3] - No finder's fees or other compensation were paid in connection with the private placement, and the shares were sold under prospectus exemptions [3] Group 3: Company Overview - TrustBIX is an agricultural technology company focused on providing Gate to Plate® solutions aimed at enhancing trust, reducing waste, and promoting sustainable practices within the agri-food sector [4]
Cibus Enters into Agreement with the Latin American Rice Hybrid Consortium to Provide Cibus’ Herbicide Tolerance Trait
Globenewswire· 2025-08-28 11:00
Core Viewpoint - Cibus has entered into a material transfer agreement with Centro Internacional de Agricultura Tropical (CIAT) to introduce its proprietary herbicide tolerance trait into elite rice germplasm for Latin America, aiming to enhance weed management solutions for rice growers in the region [1][2][3] Group 1: Agreement Details - The agreement allows Cibus to provide its HT3 clethodim herbicide tolerance trait to HIAAL's elite rice germplasm, which has shown strong performance in field trials in the United States [2][4] - This initiative is part of a broader effort to develop high-performance rice hybrids that can tackle challenges posed by herbicide-resistant weeds, including weedy rice [2][4] Group 2: Strategic Importance - Cibus views rice as a strategic focus with potential for near-term revenue generation, as the herbicide tolerance trait is critical for improving yield potential and addressing agronomic challenges [4] - The partnership with CIAT and FLAR leverages regional expertise and an extensive germplasm bank, supporting the development of climate-resilient, high-yielding rice varieties [4][6] Group 3: Organizational Goals - The mission of FLAR is to enhance rice productivity and sustainability in Latin America by providing growers access to superior genetics and technology [3] - Cibus aims to expand its market access in Latin America through this agreement, aligning with its strategy to deliver gene-edited traits that enhance productivity and sustainability for rice farmers [3][5]
TrustBIX Inc. Announces June 30, 2025 Third Quarter Financial Results
Newsfile· 2025-08-26 02:00
TrustBIX Inc. Announces June 30, 2025 Third Quarter Financial ResultsAugust 25, 2025 10:00 PM EDT | Source: TrustBIX Inc.Edmonton, Alberta--(Newsfile Corp. - August 25, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the third quarter ended June 30, 2025, and the related Management's Discussion and Analysis ("MD&A"). For the three and nine months ended June 30, 2025, compared to the same periods in 2024, the Company continued to manage its ...
TrustBIX Inc. Announces Extension to Private Placement
Newsfile· 2025-08-20 20:35
Core Points - TrustBIX Inc. has announced an extension for its non-brokered private placement, allowing it to complete the offering by September 2, 2025, with a maximum of 10,000,000 units priced at $0.04 each, aiming for gross proceeds of up to $400,000 [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at $0.08 for two years [3]. - If the closing price of the common shares exceeds $0.12 for 20 consecutive trading days, TrustBIX can accelerate the expiry date of the warrants [3]. - The proceeds from the private placement will be utilized for general working capital, including inventory acquisition to support ongoing operations [4]. Group 2: Regulatory and Compliance Information - The common shares will be sold under prospectus exemptions available under National Instrument 45-106, targeting accredited investors, employees, executives, directors, consultants, and existing security holders [5]. - The securities issued will be subject to a statutory hold period of four months and one day following the closing of the private placement [4]. Group 3: Company Overview - TrustBIX is an agricultural technology company focused on providing Gate to Plate® solutions aimed at enhancing trust, reducing waste, and promoting sustainable practices within the agri-food sector [6].
Water Ways Announces Effective Date of Share Consolidation and Provides Corporate Update
GlobeNewswire News Room· 2025-08-15 21:00
Core Points - Water Ways Technologies Inc. has received final acceptance from the TSX Venture Exchange for the consolidation of its outstanding common shares at a ratio of one post-consolidation share for every ten pre-consolidation shares [1][2] - The total number of issued and outstanding common shares will decrease from approximately 148,785,346 to about 14,878,537 following the consolidation, effective August 21, 2025 [2] - The company will continue to trade under the symbol "WWT" on the TSXV, with new CUSIP and ISIN numbers assigned [3] Shareholder Information - Shareholders of record as of the effective date will receive a letter of transmittal from Computershare Trust Company with instructions for exchanging their existing certificates for post-consolidation shares [4] - Beneficial shareholders holding shares through intermediaries should contact their brokers or financial institutions for information on the consolidation process [5] Strategic Update - Water Ways is undergoing a strategic shift towards the Canadian market, having filed an application to cease operations of its Israeli subsidiary, Irri-Al-Tal Ltd., which is not expected to impact the company's revenues significantly [6] - The liquidation process for Irri-Al-Tal Ltd. is anticipated to take approximately three years, longer than the initially expected five to twelve months due to delays in collecting amounts owed by international customers [7] 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, blueberries, and fresh produce cooling rooms [8]
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
该公司是一家致力于现代农业科技研发与应用的高新技术企业,以奉化特色水蜜桃为核心,先后推出蜜 桃白兰地、桃花醉等多款高附加值畅销产品,曾被评为省级科技型中小企业。随着产能的不断扩大,融 资难、成本高成了制约企业产业升级的"拦路虎"。中行宁波奉化支行深入企业,摸底调研技术优势和发 展前景,一笔1000万元的信贷支持迅速"到账",为培育农业领域新质生产力提供了坚实的金融后盾,有 力推动奉化本土农业增效与农民增收。 "商户便利贷"解农忧,信用赋能电商销路广 近年来,中国银行宁波市分行积极发挥金融优势,扛起服务"三农"的使命担当,将金融资源精准配置到 农业农村发展的重点领域和薄弱环节,以实际行动为甬城乡村振兴发展注入新动能。 精准浇灌新质生产力,助力农业科技腾飞 "有了这笔资金,我们技术研发、拓展市场更有底气了!"宁波某农业科技公司负责人说。 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。2025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。中行宁波市分行相关负责人表示 ...
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
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
SAN DIEGO, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Cibus, Inc. (Nasdaq: CBUS), a leading agricultural technology company that develops and licenses plant traits to seed companies, today announced that the company will report second quarter 2025 financial results on Thursday, August 14, 2025. Cibus' management team will host a conference call and audio webcast at 4:30 p.m. ET on that day to discuss the financial results and other company updates. Title: Cibus, Inc. Second Quarter 2025 Results Conference Call Event ...
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].