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Cibus acquires newly renovated food property in Borlänge

PUBLIC · CBUSOct 29, 2024

Acquiring Company

Cibus, Inc.

San DiegoBiotechnologyAgriculture and FarmingFarming

Description

Cibus, the real estate company, has acquired a newly renovated food property in Borlänge for an underlying property value of SEK 75 million. The property includes an anchor tenant, City Gross, with a long lease, and the acquisition is expected to increase Cibus' cash flow earning capacity per share and will be financed with a bank loan-to-value ratio of approximately 50 percent.

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Company Information

Company

Cibus, Inc.

Location

600 COUNTY ROAD D W.

San Diego, California, United States

About

Cibus, Inc. is a biotechnology company based in San Diego, California, specializing in the development of innovative solutions for agricultural biotechnology. The company focuses on creating products that improve crop yield and resistance through non-GMO technologies, addressing critical challenges in sustainable agriculture. Cibus operates within the agricultural biotechnology industry, targeting markets that demand sustainable farming practices. With a commitment to enhancing crop performance, the company has been actively developing and commercializing proprietary technologies that are poised to transform agricultural production methods. As an emerging growth company, Cibus demonstrates potential for significant expansion in the burgeoning agricultural sector.

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