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Vancouver, British Columbia and Rehovot, Israel - September 20, 2024 - BioHarvest Sciences Inc.

Key Takeaway: BioHarvest Sciences Inc. announced the resignation of David Ryan as a director to comply with Nasdaq requirements for independent directors. Ryan will continue to serve as Vice President of Investor Relations. The Board expressed gratitude for his founding contributions to the company. This strategic move supports BioHarvest's plans to apply for a listing on the Nasdaq Stock Market, reflecting its growth intentions.

Market Sentiment Analysis

POSITIVE FACTORS

  • David Ryan remains a key member of the management team as VP of Investor Relations.
  • The company is taking steps to comply with Nasdaq mandates, indicating growth ambitions.
  • The resignation reflects strategic decisions to enhance corporate governance.

Full Press Release Details

Vancouver, British Columbia and Rehovot, Israel - September 20, 2024 - BioHarvest Sciences Inc. ("BioHarvest" or the "Company") (CSE: BHSC) (OTCQB: CNVCF), announces the resignation of David Ryan as a director of the Company. Mr. Ryan will remain a key member of the Company's management team, continuing to serve as Vice President of Investor Relations of the Company.
Mr. Ryan resigned as a director of the Company in order for the Company to meet Nasdaq mandates to have a majority of independent directors in connection with its proposed application to list its common shares on the Nasdaq Stock Market.
"On behalf of the Board, we extend our deepest gratitude to David Ryan for his directorship which has been foundational to the development of the Company," said Zaki Rakib, Board Chair. "His cooperation is a testimony of his continued support and devotion to the Company's mission and belief."
About BioHarvest Sciences Inc.
BioHarvest Sciences Inc. (CSE: BHSC) (OTCQB: CNVCF) (FSE: 8MV) is a leader in Botanical Synthesis, leveraging its patented technology platform to grow plant-based molecules, without the need to grow the underlying plant. BioHarvest is leveraging its botanical synthesis technology to develop the next generation of science-based and clinically proven therapeutic solutions within two major business verticals; as a contract development and production organization (CDMO) on behalf of customers seeking complex molecules, and as a creator of proprietary nutraceutical health and wellness products, which includes dietary supplements. To learn more, please visit www.bioharvest.com.
Forward-Looking Statements
Information set forth in this news release might include forward-looking statements that are based on management's current estimates, beliefs, intentions, and expectations, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements are inherently uncertain and actual results may be affected by a number of material factors beyond our control. Readers should not place undue reliance on forward-looking statements. BHSC does not intend to update forward-looking statement disclosures other than through our regular management discussion and analysis disclosures.
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
This release has been reviewed and approved by Dave Ryan, VP Investor Relations, who accepts responsibilities for its contents.
BioHarvest Corporate Contact:
Dave Ryan, VP Investor Relations
Investor Relations Contact:
MZ Group - MZ North America

Frequently Asked Questions

Why did David Ryan resign from BioHarvest's board?

David Ryan resigned to help the Company meet Nasdaq requirements for independent directors.

What position will David Ryan continue to hold?

David Ryan will remain the Vice President of Investor Relations.

What does BioHarvest Sciences do?

BioHarvest specializes in Botanical Synthesis, producing plant-based molecules without the plants.

What are BioHarvest's main business focuses?

BioHarvest focuses on contract development and proprietary nutraceutical health products.

Who expressed gratitude for David Ryan's service?

Zaki Rakib, the Board Chair, expressed gratitude for David Ryan's contributions.

Last updated: Sep 20, 2024