BioHarvest Sciences (TSE:BHSC) has released an update.
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BioHarvest Sciences Inc. has launched a private placement aiming to raise up to $5 million, which includes the sale of units bundled with common shares and warrants. The funds will be directed towards expanding the company’s manufacturing capabilities, particularly for its Contract Development and Manufacturing Organization (CDMO) unit, and for general corporate uses. Additionally, the company has successfully converted over 90% of its outstanding convertible debt notes into common shares.
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