Cibus Global LLC (CBUS)CBUS

Cibus Global LLC: A Comprehensive Overview

Company Profile:

Detailed history and background of Cibus Global LLC:

Cibus Global LLC is a plant breeding and agricultural biotechnology company headquartered in San Diego, California. Founded in 2007, the company focuses on developing and commercializing non-transgenic, non-GMO seeds and novel traits for major agricultural crops like soybean, canola, and corn.

Cibus Global has a unique approach to plant breeding. Instead of using genetic engineering, the company utilizes new gene editing technologies like Cas9, TALENs, and CRISPR to create non-GMO plants with improved traits. These traits can include higher yields, pest resistance, better nutrient composition, and increased disease resistance.

Description of the company's core business areas:

Cibus Global operates in two core business areas:

• Seed development and breeding: The company develops high-performing, non-GMO seeds for major crops using gene editing and advanced breeding techniques. They focus on improving key traits like yield, nutrient composition, stress resistance, and disease resistance.
• Licensing of gene editing technology: Cibus Global licenses its proprietary gene editing technologies like the Cibus Gene Editing Toolkit (CGET) to other plant breeding companies, enabling them to develop non-GMO crops with improved traits.

Overview of the company's leadership team and corporate structure:

The Cibus Global leadership team includes:

• Peter Beetham, Ph.D. (President & CEO): Dr. Beetham has extensive experience in the agricultural biotechnology industry, with a background in genomics, breeding, and plant engineering.
• David R. Voss (Chief Commercial Officer): Voss brings decades of experience in commercializing agricultural technologies and products.
• David Mezzapelle (Chief Operating Officer): Mezzapelle has a strong track record in operations management and supply chain optimization within the agriculture industry.
• Robert L. Reiter (Executive Vice President & Chief Financial Officer): Reiter possesses significant experience in corporate finance and strategic planning within biotechnology and technology companies.
• David J. Chitwood, Ph.D. (Executive Vice President, R&D): Dr. Chitwood leads Cibus Global's research and development efforts, bringing expertise in crop breeding and genetics.
• David F. Kvamme (Chairman of the Board): Kvamme has extensive experience in leading and shaping technology-driven companies.

Cibus Global also has a strong advisory board with significant expertise in plant breeding, biotechnology, agronomy, and business strategy.

Top Products and Market Share:

Identification and description of Cibus Global LLC's top products and offerings:

Cibus Global's top products are its non-GMO trait lines for major crops:

• High oleic soybean trait: This trait increases the oleic acid content in soybean oil, resulting in a healthier oil with improved stability and oxidation resistance.
• Low linolenic soybean trait: This trait reduces the linolenic acid content in soybean oil, enhancing its shelf life and performance in food applications.
• Cibus Herculex RC (herbicide resistance trait): This trait provides resistance to the popular herbicide dicamba in soybean crops.
• Corn with increased digestibility trait: This trait improves the digestibility of starch in corn, benefitting livestock and feed production.

Analysis of the market share of these products in the global and US markets:

Cibus Global is a relatively young company that is still expanding its market presence. However, its non-GMO traits have gained substantial market share in specific segments:

• Soybean: Cibus Global holds a market share of around 25% for non-GMO, high oleic soybeans in the US.
• Canola: The company is a leader in the non-GMO, low linolenic canola segment, with a significant market share in North America.

Comparison of product performance and market reception against competitors:

Cibus Global's non-GMO products are positioned differently than competing GMO products in the market. They offer an alternative for consumers and food companies seeking non-GMO solutions while providing improved performance attributes like higher yields, better oil quality, and increased digestibility.

Total Addressable Market:

Cibus Global operates in a substantial and growing market. The global market for non-GMO food is estimated to reach over $3 trillion by 2027, fueled by the increasing consumer demand for healthy and sustainable food options. The market for gene-edited crops is also