The agtech firm delays its U.S. rice launch to 2029 and confirms liquidity through early 2027 following recent funding.
Cibus Inc. (CBUS) secured $37 million in gross proceeds from recent capital raises, extending its cash runway into late Q1 2027. The company cited execution as its focus during a Q1 2026 earnings call update.
Management previously outlined plans for a U.S. rice product launch but has now pushed the timeline to 2029. The delay aligns with a strategic shift to prioritize near-term liquidity and operational milestones.
No immediate market reaction was disclosed in the update.