Cibus Raises $1.2M

8/19/10

San Diego’s Cibus Global, which says it uses environmentally friendly biotechnology to develop crops with desired traits, has closed an equity and rights offering after raising almost $1.2 million, according to a recent regulatory filing. The agricultural biotech company founded in 2001 had targeted $2.6 million. Cibus has raised much of its recent capital through two strategic partnerships. Cibus formed a partnership with the Flax Council of Canada earlier this year, and another with Israel’s Makhteshim-Agan in 2009.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @

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