Bioharvest Sciences Inc. Appoints Highly Acclaimed Advocate, Mr. Roberto Chait, to Company Advisory Board

Vancouver, BC / October 29, 2020 / BioHarvest Sciences Inc. (“BioHarvest” or the “Company”) (CSE: BHSC) announces that it has added Advocate Roberto Chait to the Company’s Advisory Board.

Adv. Chait brings to the Company a wealth of experience in corporate and international trade law, intellectual property law, and cross border international transactions. His knowledge and expertise in these areas have been acquired representing major global clients across highly relevant industries for the Company including the Food and Beverage, Food Tech, and International Media industries.

“Roberto’s expertise in international law combined with his vast experience in assisting companies to consummate significant strategic transactions bring a critical dimension for BioHarvest’s ability to enter new international markets via partnerships. With his significant network and the worldwide appreciation and respect he commands for his depth and breadth of legal and commercial knowledge, Roberto has already proven his abilities in connecting the company with investors, manufacturing partners, and distribution partners. I welcome Roberto to BioHarvest’s Advisory Board. Along with Eitan Popper and Dr. David Brady, Bioharvest has now an invaluable set of complementary skills in its Advisory Board to support the Company’s growth and prospects” said Ilan Sobel, BHSC’s CEO.

Roberto Chait has been practicing law for over twenty years. He graduated (cum laude) from the Hebrew University Law School (LL.B).  After completing his legal clerkship at the chambers of the President of Israel’s Supreme Court (President Meir Shamgar) he pursued his Masters’ degree at the London School of Economics (LL.M.) specializing in International Business Law with an emphasis on International Financing and International Trade. Upon returning to Israel, he worked for several years at the office of Prof. Joseph Gross, specializing mainly in Corporate Law, Tax Law, and Securities Law. Roberto Chait was admitted to the Israeli Bar Association in 1991. He taught law at the Tel Aviv branch of the University of London and at the Haifa University. 

About BioHarvest Sciences Inc.

Based in Vancouver BC, BioHarvest Sciences Inc. is the developer and exclusive owner of the proprietary and patent-protected BioFarming technology. It is the first and only industrial-scale plant cell technology capable of producing the active plant ingredients without the necessity to grow the plant itself. The Company’s technology is non-GMO and has already been validated by VINIA®, the red grapes cells functional food/dietary supplement produced and sold by BioHarvest Sciences Inc. The Company plans to generate significant revenue within the global nutraceutical ingredients and dietary supplements market with VINIA® and other Super Fruit Nutraceutical products. Further, by adapting this technology to the Cannabis plant, and building adequate production capacity, BioHarvest Sciences Inc.’s objective is to become a leading supplier of Cannabis for both medicinal and legal recreational purposes. Visit:

BioHarvest Sciences Inc.
Ilan Sobel, Chief Executive Officer

For further information, please contact:

Dave Ryan, VP Investor Relations & Director
Phone: 1 (604) 622-1186


Forward-Looking Statements 

Information set forth in this news release includes 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. There is no assurance that strong sales metrics experienced to date will result in future demand or that proposed additional marketing expenditures will result in increased sales. Markets for nutraceuticals are unpredictable and subject to changes in consumer tastes and trends as well as economic factors beyond our control.  Delays and cost overruns may result in delays achieving our objectives obtaining market acceptance, and regulatory approvals for geographic expansion is subject to risk and cannot be guaranteed. There is no assurance that the Company sales revenue for 2022 will reach USD 5 to 7 million and there is no assurance that the Company cash flow breaking point will be achieved in 2023. There is no assurance of commercial availability of our Cannabis product in 2022 or that the Company achieves the conversion of the two tons VINIA® facility to Cannabis production in 2022. These things are subject to construction and approval delays and uncertainties that may be beyond the control of BioHarvest. Projected sales of Cannabis will require the Company to obtain production and/or export licensing which cannot be assured.

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. 

Readers are cautioned that revenue alone do not give an accurate picture of the financial position of the Company and should be read in the context of the Company’s annual and quarterly financial statements.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.