Amit Dayal

Anthony Vendetti

Hunter Diamond

Matthew Hewitt

Matt Hewitt

- BioHarvest Sciences Inc. fortified its balance sheet by **$14.7 million** through a combination of **$10.9 million** in gross proceeds and **$3.8 million** in debt reduction.  **[1723464_0001723464-25-000004_bhsc_ex991.htm:0]** 
- The **$10.9 million** in gross proceeds was raised from **$5.8 million** in warrant exercises and **$5.1 million** from new convertible notes that were subsequently converted into common shares.  **[1723464_0001723464-25-000004_bhsc_ex991.htm:0]** 
- The **$3.8 million** debt reduction included **$1.8 million** from converting pre-existing convertible notes, **$1.4 million** from long-term debt repayment, and **$0.6 million** from short-term debt repayment.  **[1723464_0001723464-25-000004_bhsc_ex991.htm:0]** 
- As a result of these transactions, the company's total debt now stands at approximately **$6.6 million**, comprising **$3.6 million** in short-term debt and **$3 million** in long-term debt.  **[1723464_0001723464-25-000004_bhsc_ex991.htm:0]** 
- The **$10.9 million** in gross proceeds will be utilized for capital expenditures related to new capacity, refinancing remaining debt, and general working capital.  **[1723464_0001723464-25-000004_bhsc_ex991.htm:0]**

BIOHARVEST SCIENCES (BHST)