San Diego, California, USA
July 23, 2025

• Previously Announced Strategy Focus Prioritizes Opportunities in Rice and Biofragrance Products and Sustainable Ingredients with Initiatives Expected to Reduce Annual Net Cash Usage to Approximately $30M by 2026
• Cibus Well Situated to Pursue Partner Funding to Support its Advanced Productivity Trait Portfolio

Cibus, Inc. (Nasdaq: CBUS) (the "Company"), a leading agricultural technology company that develops plant traits to license to seed companies for royalties, announced a reduction in force (“RIF”) as a pivotal step in implementing its previously announced streamlined business focus, prioritizing its nearest-term and currently funded commercial opportunities. The RIF is expected to result in related one-time charges of approximately $0.5 million in the third quarter of 2025.

Cibus expects the RIF, along with other initiatives, to reduce its annual net cash usage to approximately $30 million by 2026. The Company’s streamlined priorities and resulting restructuring initiatives are intended to optimize Cibus’ Trait MachineTM gene editing processes with a focus on the commercial advancement of its HT1, HT3 and other trait combinations for weed management traits in Rice, while continuing advancement of its customer-funded and supported crop-based sustainable ingredients programs and bio-based fermentation fragrance products.

Dr. Peter Beetham, Co-Founder and Interim CEO of Cibus stated, “The whole Cibus team has made incredible contributions to advance the burgeoning gene edited trait industry. We are proud of the leadership this team has shown in the development of value-added crop traits. As in many industries, we also see a natural evolution in our markets that drives our commercial focus and development efforts. While we are streamlining to prioritize our efforts on weed management in Rice, sustainable ingredients and biofragrance products, I believe we have significant opportunities to capitalize on our remaining portfolio of developed and advanced traits through industry partnerships in areas such as disease resistance in Canola, WOSR, and Soybean.”

Website: http://www.seedquest.com/yellowpages/americas/usa/c/cibus/default.htm

Published: July 23, 2025