Hunter Diamond's questions to Bioharvest Sciences Inc (BHST) leadership • Q2 2025
Question
Hunter Diamond of Diamond Equity Research LLC asked about the timeline for the CDMO division to begin contributing more meaningfully to revenue. He also inquired about the composition of the CDMO pipeline, specifically the breakdown between early-stage and later-stage assets.
Answer
CEO Ilan Sobel projected that meaningful revenue contributions from the CDMO division will begin in early 2026 as current projects advance and new ones enter the pipeline. He emphasized the high value of current projects, including a multi-billion dollar fragrance opportunity and the Tate and Lyle partnership. Sobel also explained that the new 'Discovery Phase' service is designed to accelerate the intake of new high-value projects into stage one, thereby strengthening the future revenue stream.