Levi & Korsinsky notifies investors that it has commenced an investigation into Cibus, Inc. (NASDAQ: CBUS) concerning potential violations of the federal securities laws.
Bonitas Research ("Bonitas") issued a report on June 4, 2024, alleging that it had "found no evidence that Cibus' gene-editing technology brings desirable new crops to market." Bonitas asserted that it had found "farmer complaints of lower crop yields and lost revenues, along with multiple examples of large seed manufacturers and distributors walking away from joint ventures and partnerships with Cibus for a variety of seed types and seed traits." Following this news, Cibus's stock price dropped over 12% the same day.
If you suffered a loss on your Cibus, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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