<SEC-DOCUMENT>0001139020-25-000016.txt : 20250401
<SEC-HEADER>0001139020-25-000016.hdr.sgml : 20250401
<ACCEPTANCE-DATETIME>20250331184932
ACCESSION NUMBER:		0001139020-25-000016
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250331
FILED AS OF DATE:		20250401
DATE AS OF CHANGE:		20250331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BIOHARVEST SCIENCES INC.
		CENTRAL INDEX KEY:			0001723464
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		ORGANIZATION NAME:           	03 Life Sciences
		EIN:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42389
		FILM NUMBER:		25795863

	BUSINESS ADDRESS:	
		STREET 1:		1140 - 625 HOWE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2T6
		BUSINESS PHONE:		6046221186

	MAIL ADDRESS:	
		STREET 1:		1140 - 625 HOWE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2T6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CANNA-V-CELL SCIENCES INC.
		DATE OF NAME CHANGE:	20191008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Midnight Star Ventures Corp.
		DATE OF NAME CHANGE:	20171121
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>bhsc_6k.htm
<DESCRIPTION>REPORT
<TEXT>
<HTML>
<!-- Produced by EDGARsuite software, Advanced Computer Innovations, Inc., Copyright (C) 2008-2025 [PPXC4Y912124VEM54XX9]. www.edgarsuite.com -->
<HEAD>
<TITLE>Report</TITLE>
</HEAD>
<BODY>
<DIV style=margin-left:72pt;width:468pt><TABLE align=center style='border-collapse:collapse;width:100%;border-bottom:1.5pt solid #000000'><TR><TD valign=top style=width:467.5pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>UNITED STATES</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>WASHINGTON, DC 20549</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:14pt Times New Roman;margin:0'><B>FORM 6-K</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>For the month of <B>March 2025</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>Commission file number: <B>001-42389</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:16pt Times New Roman;margin:0'><B>BIOHARVEST SCIENCES INC.</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>(Exact name of Registrant as specified in its charter)</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Not applicable</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>(Translation of Registrant&#8217;s name into English)</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>1140-625 Howe Street, Vancouver, British Columbia V6C 2T6, Canada</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>(Address of principal executive offices)</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='font-family:Segoe UI Symbol'>&#9744;</FONT> Form 20-F&nbsp;<FONT style='font-family:Segoe UI Symbol'>&#9746;</FONT> Form 40-F</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <FONT style='font-family:Segoe UI Symbol'>&#9744;</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <FONT style='font-family:Segoe UI Symbol'>&#9744;</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style='border-collapse:collapse;width:100%;border-bottom:1.5pt solid #000000'><TR><TD valign=top style=width:468pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><A name=_PART_III /><A name=_ITEM_19._EXHIBITS /><B>SUBMITTED HEREWITH</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Exhibits:</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse;width:100%><TR><TD valign=bottom style=width:71.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>Exhibit</B></P>
</TD><TD valign=bottom style=width:396.15pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>Description</B></P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:71.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><FONT style='color:#215E99;border-bottom:1px solid #215E99'><A href=bhsc_ex991.htm style=text-decoration:none>99.1</A></FONT></P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:396.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>News Release dated March 31, 2025</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><A name=_SIGNATURES /><A name=_Toc169189235 /><A name=_Toc172699253 /><B>SIGNATURES</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:233.75pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:233.75pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>BIOHARVEST SCIENCES INC.</B></P>
</TD></TR>
<TR><TD valign=top style=width:233.75pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:233.75pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>(Registrant)</P>
</TD></TR>
<TR><TD valign=top style=width:233.75pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:233.75pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:233.75pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Date: March 31, 2025</P>
</TD><TD valign=top style='width:233.75pt;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><I>/s/ David Ryan</I></P>
</TD></TR>
<TR><TD valign=top style=width:233.75pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='width:233.75pt;padding-left:5.4pt;padding-right:5.4pt;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>Name: David Ryan</P>
</TD></TR>
<TR><TD valign=top style=width:233.75pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:233.75pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Title: Vice-President, Investor Relations &amp; Secretary</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>bhsc_ex991.htm
<DESCRIPTION>NEWS RELEASE DATED MARCH 31, 2025
<TEXT>
<HTML>
<!-- Produced by EDGARsuite software, Advanced Computer Innovations, Inc., Copyright (C) 2008-2025 [PPXC4Y912124VEM54XX9]. www.edgarsuite.com -->
<HEAD>
<TITLE>News Release dated March 31, 2025</TITLE>
</HEAD>
<BODY>
<DIV style=margin-left:72pt;width:468pt><P align=center style='font:18pt Times New Roman;margin:0'><B>BioHarvest Sciences Reports Fourth Quarter and Full Year 2024 Financial Results</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><I>Fourth Quarter Revenues Grew 62% to $7.3 Million, Exceeding Prior Management Guidance, with Full Year Revenues Increasing 99% Year-Over-Year to $25.2 Million</I></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><I>CDMO Division Secures Anchor Partnership with Tate &amp; Lyle to Develop Next Generation of Plant-Based Sweeteners</I></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'><B>Rehovot, Israel &#8211; March 31, 2025 -</B> <FONT style='color:#467886;border-bottom:1px solid #467886'>BioHarvest Sciences Inc.</FONT> (NASDAQ: BHST) (FSE: 8MV0) (&#8220;BioHarvest&#8221; or the &#8220;Company&#8221;), <FONT style=background-color:#FFFFFF>a company pioneering its patented Botanical Synthesis technology platform,</FONT> today reported its financial and operational results for the fourth quarter and full year ended December 31, 2024.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><B>Fourth Quarter 2024 &amp; Subsequent Operational Highlights</B></P>
<P style='font:11pt Times New Roman;margin:0'><I>All figures stated in this news release are in U.S. dollars unless stated otherwise. </I></P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;margin-left:36pt;color:#000000'><KBD style='position:absolute;font:11pt Symbol;margin-left:-18pt'>&#183;</KBD>Total revenues for the fourth quarter of 2024 increased 62% year-over-year to $7.3 million, exceeding prior management guidance, with gross margins expanding by 600 basis points to 57% of revenue.&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;margin-left:36pt;color:#000000'><KBD style='position:absolute;font:11pt Symbol;margin-left:-18pt'>&#183;</KBD>Full Year 2024 revenues increased 99% year-over-year to $25.2 million, with gross margins expanding by 1,000 basis points to 55% of revenue.&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;margin-left:36pt;color:#000000'><KBD style='position:absolute;font:11pt Symbol;margin-left:-18pt'>&#183;</KBD>Continued to realize a high degree of operating leverage in the fourth quarter, with general and administrative expenses falling 4% year-over-year and marketing expenses decreasing to 40.4% of revenue, as compared to 50.0% in the same year-ago quarter.&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;margin-left:36pt;color:#000000'><KBD style='position:absolute;font:11pt Symbol;margin-left:-18pt'>&#183;</KBD>Management expects first quarter 2025 revenues of at least $7.8 million and expects to reach adj. EBITDA breakeven in the second half of 2025.&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:11pt Symbol;margin-left:-18pt'>&#183;</KBD>Announced CDMO partnership with Tate &amp; Lyle, a world-leader in ingredient solutions, to develop the next-generation of plant-based sweeteners.&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:11pt Symbol;margin-left:-18pt'>&#183;</KBD>Successfully uplisted to the Nasdaq Global Market on Tuesday, November 12, 2024.&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:11pt Symbol;margin-left:-18pt'>&#183;</KBD>Total VINIA&#174; subscribers increased surpassed 50,000 as of February 2025, with $50M of cumulative revenue realized since launch.&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:11pt Symbol;margin-left:-18pt'>&#183;</KBD>Launched functional VINIA&#174; SuperFood tea line, leveraging the success of the Company&#8217;s &#8220;VINIA&#174; Inside&#8221; strategy following the launch of VINIA&#174; SuperFood Coffee in December 2023.&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:11pt Symbol;margin-left:-18pt'>&#183;</KBD>Announced that in vitro testing shows the Company&#8217;s proprietary olive cell compound reduces fat accumulation in liver cells.&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:11pt Symbol;margin-left:-18pt'>&#183;</KBD>Presented at leading small-cap investor conferences including the 37<SUP>th</SUP> Annual ROTH Conference, WeBull Consumer Stocks Webinar, and the LD Micro Main Event XVII Conference.&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><B>Management Commentary</B></P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>Ilan Sobel, CEO of BioHarvest Sciences, said: &#8220;The fourth quarter of 2024 marked another period of strong execution across both our Products and CDMO business units, highlighted by 99% year-over-year revenue growth that consistently exceeded guidance. Our VINIA&#174; product lines continued to outperform, surpassing 50,000 active subscribers and benefiting from the successful rollout of VINIA&#174; Functional Coffee line, which has sold $2.3 million in aggregate since launching in December 2023. Our recently launched VINIA&#174; SuperFood Tea line is extremely promising as well, building upon our proven &#8216;VINIA&#174; </P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:11pt Times New Roman;margin:0'>Inside&#8217; strategy to drive incremental consumer adoption by diversifying our product portfolio into coffees, teas and chews, while concurrently positioning us to capture a growing share of the plant-based nutraceuticals market. </P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&#8220;We also made meaningful strides in our CDMO Services division, leveraging our proven technology capabilities, a robust lab infrastructure and custom AI tools that optimize R&amp;D processes to create a compelling value proposition to develop plant-based non-GMO biologic compounds for pharma, nutraceutical, nutrition and cosmetics companies. This new offering ultimately led to a landmark partnership with Tate &amp; Lyle to co-develop next-generation plant-based sweeteners, a major validation of our Botanical Synthesis platform. This agreement lays the groundwork for future expansion into additional high-value molecule categories, leveraging our ability to produce plant-derived compounds sustainably and at scale. Our CDMO contract pipeline remains robust, and we are actively advancing discussions with additional strategic partners in other targeted industry verticals, where we expect to sign several additional CDMO clients through year-end. </P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&#8220;Our focus on operational efficiency continues to drive robust gross margin improvement, with gross margins increasing due to higher production scale, improved manufacturing yields due to digitization of all key processes, and cost optimization measures. Despite temporary headwinds from increased logistics costs, our initiatives&#8212;including the digitization of our production processes, the operationalizing of larger bioreactors with 22% increased capacity, and the upcoming consolidation of operations into our new Yavneh campus&#8212;are expected to further enhance our profitability in 2025. We remain on track to achieve adjusted EBITDA breakeven in the second half of the year.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&#8220;With our successful Nasdaq uplisting now complete, we are well-positioned to accelerate our growth strategy and further engage with both institutional and retail investors who recognize the disruptive commercial applications of Botanical Synthesis. As we look ahead to 2025, we are committed to continued aggressive growth in both our Products and Services business units - growing our &#8220;VINIA&#174; inside&#8221; product lines and subscriber bases, adding new CDMO partners, and delivering long-term shareholder value through a diversified and high-margin business model,&#8221; concluded Sobel.<B> </B></P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><B>Fourth Quarter 2024 Financial Results</B></P>
<P style='font:11pt Times New Roman;margin:0'><I>All figures stated in this news release are in U.S. dollars unless stated otherwise.</I></P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>Revenues for the fourth quarter of 2024 increased 62% to $7.3 million &#8211;&nbsp;which exceeded management&#8217;s prior revenue guidance &#8211;&nbsp;as compared to $4.5 million in the fourth quarter of 2023. The increase was largely attributable to growth in VINIA&#174;, which exceeded 50,000 active subscribers as of February 2025.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>Gross profit increased 80% to $4.1 million, or 56.7% of total revenue, in the fourth quarter of 2024, as compared to $2.3 million, or 50.7% of total revenue, in the same year-ago quarter. The increase in gross margin was primarily attributable to the benefits of increased manufacturing scale, improved manufacturing yields, and cost reductions in downstream packaging and delivery costs.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>Total operating expenses for the fourth quarter totaled $5.8 million, as compared to $4.8 million in the same year-ago quarter. The increase in operating expenses was primarily due to increased marketing spend &#8211; which shrunk on a percent of revenue basis to 40.4% of revenue, as compared to 50.0% in the same year ago quarter &#8211; and higher expenses from the CDMO services division. General and administrative expenses decreased 4% in the fourth quarter, reflecting increasing operating leverage as the Company continues to scale.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>Net loss for the fourth quarter of 2024 totaled $3.0 million, or $0.17 per basic and diluted share, as compared to a net loss of $7.2 million, or $0.53 per basic and diluted share, in the same year-ago quarter.</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>Adjusted EBITDA loss &#8211;&nbsp;a non-IFRS measure &#8211;&nbsp;totaled $1.8 million, as compared to an adjusted EBITDA loss of $2.4 million in the same year-ago quarter. </P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>Cash and cash equivalents as of December 31, 2024, totaled $2.4 million, as compared to $5.4 million as of December 31, 2023. Subsequent to quarter end, the Company raised $3.9 million in attractive debt financing, primarily from existing investors.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><B>Earnings Conference Call </B></P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>Management will host an investor conference call and webcast at 4:30 p.m. Eastern time today to discuss the Company&#8217;s fourth quarter 2024 financial results, provide a corporate update, and conclude with a question-and-answer session from telephone participants. To participate, please use the following information:</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'><B>Fourth Quarter FY2024 Results Conference Call </B></P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>Date: Monday, March 31, 2025</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>Time: 4:30 p.m. Eastern time</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>U.S./Canada Dial-in: 1-844-825-9789</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>International Dial-in: 1-412-317-5180</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>Conference ID: 10197712</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>Webcast: <FONT style='color:#467886;border-bottom:1px solid #467886'>BHST Q4 FY2024 Earnings Conference Call</FONT></P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>Please dial in at least 10 minutes before the start of the call to ensure timely participation.</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>A telephone playback of the call will be available through Monday, April 14, 2025. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 10197712. A webcast replay will also be available at the webcast link above. </P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><B>About BioHarvest Sciences Inc.</B></P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>BioHarvest Sciences Inc. (NASDAQ: BHST) (FSE: 8MV0) 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 <FONT style='color:#467886;border-bottom:1px solid #467886'>www.bioharvest.com</FONT>. </P>
<P align=justify style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin:0'><B>Use of Non-IFRS Financial Measures</B></P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>This press release includes the following non-IFRS measure &#8211;&nbsp;Adjusted EBITDA, which is not a measure of financial performance under IFRS and should not be considered as an alternative to net income as a measure of financial performance. Adjusted EBITDA represents net income (loss) before interest, taxes, depreciation and amortization adjusted for stock-based compensation and fair value adjustment of convertible loan and or warrants as well as issuance of warrants. The company believes this non-IFRS measure, when considered together with the corresponding IFRS measures, provides useful information to investors and management regarding financial and business trends relating to the company&#8217;s results of operations. However, this non-IFRS measure has significant limitations in that it does not reflect all the </P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>costs and other items associated with the operation of the company&#8217;s business as determined in accordance with IFRS. In addition, the company&#8217;s non-IFRS measures may be calculated differently and are therefore not comparable to similar measures by other companies. Therefore, investors should consider non-IFRS measures in addition to, and not as a substitute for, or superior to, measures of financial performance in accordance with IFRS. A reconciliation of Adjusted EBITDA to net income, its corresponding IFRS measure, is shown below.</P>
<P align=justify style='font:11pt Times New Roman;margin:0;color:#0E101A'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>IFRS NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>(Unaudited)</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>(U.S dollars in thousands)</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:99%><TR><TD valign=top style=width:325.8pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=3 valign=top style=width:137.5pt><P align=center style='font:11pt Times New Roman;margin:0;color:#000000'><B>THREE MONTHS</B></P>
<P align=center style='font:11pt Times New Roman;margin:0;color:#000000'><B>ENDED</B></P>
</TD></TR>
<TR><TD valign=top><P align=center style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=3 valign=top style='width:137.5pt;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0;color:#000000'><B>31-Dec-24</B></P>
</TD></TR>
<TR><TD valign=top><P align=center style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top style='width:61.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'><B>2024</B></P>
</TD><TD valign=top style='width:13.5pt;border-top:0.5pt solid #000000'><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top style='width:62.8pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'><B>2023</B></P>
</TD></TR>
<TR><TD valign=top bgcolor=#DBE5F1 style=width:325.8pt><P style='font:11pt Times New Roman;margin:0;color:#000000'>Net Income (Loss)</P>
</TD><TD valign=top bgcolor=#DBE5F1 style='width:61.2pt;border-top:0.5pt solid #000000'><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>($2,956) </P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:13.5pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style='width:62.8pt;border-top:0.5pt solid #000000'><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>($7,235)</P>
</TD></TR>
<TR><TD valign=top style=width:325.8pt><P style='font:11pt Times New Roman;margin:0;margin-left:17.25pt;color:#000000'>Depreciation and Amortization</P>
</TD><TD valign=top style=width:61.2pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>341</P>
</TD><TD valign=top style=width:13.5pt><P align=center style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top style=width:62.8pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>216</P>
</TD></TR>
<TR><TD valign=top bgcolor=#DBE5F1 style=width:325.8pt><P style='font:11pt Times New Roman;margin:0;margin-left:17.25pt;color:#000000'>Taxes<SUP> </SUP></P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:61.2pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>8</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:13.5pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:62.8pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>-</P>
</TD></TR>
<TR><TD valign=top style=width:325.8pt><P style='font:11pt Times New Roman;margin:0;margin-left:17.25pt;color:#000000'>Interest, net</P>
</TD><TD valign=top style=width:61.2pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>609</P>
</TD><TD valign=top style=width:13.5pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top style=width:62.8pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>554</P>
</TD></TR>
<TR><TD valign=top bgcolor=#DBE5F1 style=width:325.8pt><P style='font:11pt Times New Roman;margin:0;margin-left:17.25pt;color:#000000'>Fair Value adjustment of derivative liability &#8211;&nbsp;Convertible loan</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:61.2pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>21</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:13.5pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:62.8pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>3,447</P>
</TD></TR>
<TR><TD valign=top style=width:325.8pt><P style='font:11pt Times New Roman;margin:0;margin-left:17.25pt;color:#000000'>Fair Value adjustment of derivative liability &#8211;&nbsp;Warrants </P>
</TD><TD valign=top style=width:61.2pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=top style=width:13.5pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top style=width:62.8pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>526</P>
</TD></TR>
<TR><TD valign=top bgcolor=#DBE5F1 style=width:325.8pt><P style='font:11pt Times New Roman;margin:0;margin-left:17.25pt;color:#000000'>Share Based Compensation</P>
</TD><TD valign=top bgcolor=#DBE5F1 style='width:61.2pt;border-bottom:0.5pt solid #000000'><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>146</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:13.5pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style='width:62.8pt;border-bottom:0.5pt solid #000000'><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>133</P>
</TD></TR>
<TR><TD valign=top style=width:325.8pt><P style='font:11pt Times New Roman;margin:0;color:#000000'>Adjusted EBITDA (Non-IFRS)</P>
</TD><TD valign=top style='width:61.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>($1,831)</P>
</TD><TD valign=top style=width:13.5pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top style='width:62.8pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>($2,359)</P>
</TD></TR>
</TABLE>
<P style='font:11pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>Forward-Looking Statements</B></P>
<P align=justify style='font:11pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>Information set forth in this news release might include forward-looking statements that are based on management&#8217;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. Launching new products is subject to risks and uncertainties including the risk that the market will not accept the product or that government approvals required for sale or import of the products will not be obtained. There is never an assurance that any product set will successfully disrupt established product categories. There is no assurance that the Company will maintain or improve current financial performance, as revenues and margins are dependent on a combination of factors such as supply chain efficiencies, input cost stability, marketing efficiencies and uncertain consumer preferences. Revenue projections are estimates and there is no assurance will occur when estimated as the timing is dependent on consumer acceptance and cost stability and other factors beyond company control. For the CDMO Services Business Unit, there is no assurance of additional future contracts, and readers are cautioned that increased revenue is not necessarily an increase in net income or profitability as costs will likely increase as well. &nbsp;There is no assurance that our initiatives such as digitization of production processes, increased capacity bioreactors, and consolidation of operations will enhance profitability which is subject to risks and uncertainties including changes in consumer demand, unexpected cost increases, unanticipated production disruptions and a myriad of other unpredictable factors that may impact profitability. 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.</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><B>BioHarvest Corporate Contact:</B><BR>Dave Ryan, VP Investor Relations<BR>+1 (604) 622-1186<BR><FONT style='color:#467886;border-bottom:1px solid #467886'>info@bioharvest.com</FONT></P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><B>Investor Relations Contact:</B><BR>Lucas A. Zimmerman<BR>Managing Director<BR>MZ Group &#8211; MZ North America<BR>+1 (949) 259-4987<BR><FONT style='color:#467886;border-bottom:1px solid #467886'>BHST@mzgroup.us</FONT> </P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'> &nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:8pt'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>BioHarvest Sciences Inc.</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>Consolidated Statements of Financial Position</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>U.S. dollars in thousands</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD colspan=3 valign=bottom style=width:163pt><P align=center style='font:9pt Times New Roman;margin:0;margin-right:2.85pt'><B>As of December 31,</B></P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:42.5pt;border-bottom:1.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;margin-left:2.85pt'><B>Note</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-bottom:1.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;margin-right:2.85pt'><B>2024</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-bottom:1.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;margin-right:2.85pt'><B>2023</B></P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Assets</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:42.5pt;border-top:1.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;color:#000000'><B> Current assets</B></P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Cash and cash equivalents</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'><B>$ 2,390</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>$ 5,355</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Trade accounts receivable</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'><B>4</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'><B>1,116</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>808</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Other accounts receivable</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'><B>5</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'><B>695</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>423</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Inventory</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'><B>6</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'><B>3,655</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>2,466</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Total current assets</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>7,856</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>9,052</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Non-current assets</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Restricted cash</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>371</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>179</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Property, plant and equipment, net</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'><B>7</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>7,750</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'> (*)3,926</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Right-of-use assets, net</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'><B>8</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'><B>9,024</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'> (*)1,845</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Total non-current assets</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>17,145</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>5,950</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Total assets</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-bottom:1.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>$ 25,001</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-bottom:1.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>$ 15,002</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Liabilities</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-left:7.1pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Current liabilities</B></P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-left:7.1pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:7.1pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>Trade accounts payable</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'><B>$ 3,525</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>$ 1,778</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>Other accounts payable</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt;color:#000000'>11</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'><B>3,609</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-left:17pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'> (*)2,072</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt'>Deferred revenue</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt'><B>906</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-left:17pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt'> (*)718</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt'>Lease liabilities</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt'>8</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt'><B>772</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-left:17pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt'>382 (*)</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>Derivative liability - Warrants</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt;color:#000000'>9</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>-</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>526</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt'>Loans</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt'>10</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt'><B>3,905</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt'><B>-</B></P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>Convertible loans</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt;color:#000000'>14</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>-</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-right:17pt;color:#000000'>20,533</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt'>Liability for Agricultural Research Organization</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt;color:#000000'>25</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'><B>1,140</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-left:17pt;margin-right:-0.3pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'><B>-</B></P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>Accrued liabilities</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'><B>401</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-left:17pt;margin-right:-0.3pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>458</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Total current liabilities</B></P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>14,258</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>26,467</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Non-current liabilities</B></P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>Lease liabilities</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt;color:#000000'>8</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:17pt;color:#000000'><B>9,141</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:17pt;color:#000000'>1,425</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>Liability for Agricultural Research Organization</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt;color:#000000'>25</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:17pt;color:#000000'><B>272</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:17pt;color:#000000'> (*)1,963</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;color:#000000'><B> Total non-current liabilities</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>9,413</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>3,388</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;text-indent:-5.65pt;margin-left:8.5pt;color:#000000'><B>Shareholders&#8217; equity (deficit)</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:0.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:8.5pt;color:#000000'>Share capital and contributed surplus</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:0.15pt;color:#000000'>1<B>2</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>97,748</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:17pt;color:#000000'>68,652</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:8.5pt;color:#000000'>Accumulated deficit</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>(96,418)</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-right:-0.3pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:77.95pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-1.4pt;margin-left:8.5pt;margin-right:17pt;color:#000000'>(83,505)</P>
</TD></TR>
<TR><TD valign=middle style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Total Shareholders&#8217; equity (deficit</B>)</P>
</TD><TD valign=bottom style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>1,330</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;text-indent:-6.9pt;margin-left:17pt;margin-right:17pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>(14,853)</P>
</TD></TR>
<TR><TD valign=middle bgcolor=#DBE5F1 style=width:269.35pt><P style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'><B>Total liabilities and shareholders&#8217; equity (deficit</B>)</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:42.5pt><P align=center style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'><B>$ 25,001</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:9pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:77.95pt;border-top:1pt solid #000000;border-bottom:1.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;margin-left:17pt;margin-right:17pt;color:#000000'>$ 15,002</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>(*) Certain comparative amounts have been reclassified to conform to the current year presentation (Note 2b)</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>BioHarvest Sciences Inc.</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>Consolidated Statements of Loss and Other Comprehensive Loss</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>U.S. dollars in thousands, except per share data</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse;width:481.95pt><TR style=height:2.2pt><TD valign=bottom style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=top style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0;margin-right:2.85pt'>&nbsp;</P>
</TD><TD colspan=3 valign=bottom style=width:177.15pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0;margin-right:2.85pt'><B>Year Ended December 31</B></P>
</TD></TR>
<TR style=height:2.2pt><TD valign=bottom style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:35.45pt;padding-left:1.4pt;padding-right:1.4pt;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;margin-left:2.85pt'><B>Note</B></P>
</TD><TD valign=top style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0;margin-right:2.85pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;margin-right:2.85pt'><B>2024</B></P>
</TD><TD valign=top style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0;margin-right:2.85pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;margin-right:2.85pt'><B>2023</B></P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom bgcolor=#DBE5F1 style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;color:#000000'>Revenues</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:35.45pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>18</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>$ 25,188</B></P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>$ 12,672</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;color:#000000'>Cost of revenues</P>
</TD><TD valign=bottom style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>19</P>
</TD><TD valign=top style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-bottom:1pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>11,246</B></P>
</TD><TD valign=top style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-bottom:1pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>7,039</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom bgcolor=#DBE5F1 style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0'><B> Gross profit</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>13,942</B></P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>5,633</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><B> Operating expenses</B></P>
</TD><TD valign=bottom style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=top style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom bgcolor=#DBE5F1 style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;color:#000000'>Research and development</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>20</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>4,797</B></P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>3,369</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;color:#000000'>Sales and marketing</P>
</TD><TD valign=bottom style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>21</P>
</TD><TD valign=top style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>11,733</B></P>
</TD><TD valign=top style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>7,748</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom bgcolor=#DBE5F1 style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;color:#000000'>General and administrative</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>22</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>4,401</B></P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>4,482</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0'><B> Total operating expenses</B></P>
</TD><TD valign=bottom style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>(20,931)</B></P>
</TD><TD valign=top style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>(15,599)</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom bgcolor=#DBE5F1 style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0'><B> Operating loss</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>(6,989)</B></P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>(9,966)</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;color:#000000'>Finance income</P>
</TD><TD valign=bottom style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>24</P>
</TD><TD valign=top style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>-</P>
</TD><TD valign=top style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>26</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom bgcolor=#DBE5F1 style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;color:#000000'>Finance expenses</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>23</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>5,916</B></P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>2,624</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0'><B> Net loss before tax</B></P>
</TD><TD valign=bottom style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>(12,905)</B></P>
</TD><TD valign=top style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>(12,564)</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom bgcolor=#DBE5F1 style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;color:#000000'>Taxes on income</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>15</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>8</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>-</B></P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0'><B> Net loss and comprehensive loss</B></P>
</TD><TD valign=bottom style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1pt solid #000000;border-bottom:1.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'><B>$ (12,913)</B></P>
</TD><TD valign=top style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:85.05pt;padding-left:1.4pt;padding-right:1.4pt;border-top:1pt solid #000000;border-bottom:1.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:8.5pt;margin-right:8.5pt;color:#000000'>$ (12,564)</P>
</TD></TR>
<TR style=height:1.05pt><TD valign=bottom bgcolor=#DBE5F1 style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0'>Basic and Diluted loss per share</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:28.35pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:28.35pt'> (0.80)</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0'>(*) (0.93)</P>
</TD></TR>
<TR style=height:3.5pt><TD valign=bottom style=width:262.25pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0'>Weighted Average Number of Shares Outstanding</P>
</TD><TD valign=bottom style=width:35.45pt;padding-left:1.4pt;padding-right:1.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:7.1pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0'>16,193,787</P>
</TD><TD valign=top style=width:7.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:85.05pt;padding-left:1.4pt;padding-right:1.4pt><P align=right style='font:10pt Times New Roman;margin:0'>(*) 13,533,160</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>(*) After giving effect to the share consolidation indicated in (Note 12b)</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000'> &nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>BioHarvest Sciences Inc.</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>Consolidated Statements of Cash Flows</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>U.S. dollars in thousands</B></P>
<P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=3 valign=middle style=width:134.65pt><P align=center style='font:10pt Times New Roman;margin:0;margin-left:2.85pt'><B>Year ended December 31,</B></P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:63.8pt;border-bottom:1.5pt solid #000000'><P align=justify style='font:10pt Times New Roman;margin:0;text-indent:18.35pt;margin-left:2.85pt'><B>2024</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=justify style='font:10pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:63.75pt;border-bottom:1.5pt solid #000000'><P align=justify style='font:10pt Times New Roman;margin:0;text-indent:18.35pt;margin-left:2.85pt'><B>2023</B></P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'><B>Cash flows from operating activities:</B></P>
</TD><TD valign=top bgcolor=#DBE5F1 style='width:63.8pt;border-top:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.1pt><P align=center style='font:10pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style='width:63.75pt;border-top:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;margin-left:2.85pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt'>Net loss</P>
</TD><TD valign=top style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:7.15pt;color:#000000'><B>$ (12,913)</B></P>
</TD><TD valign=top style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=top style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:7.15pt;color:#000000'>$ (12,564)</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt'>Adjustments to reconcile net loss to net cash used in operating activities:</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:63.8pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:7.1pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:63.75pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt'>Depreciation and Amortization</P>
</TD><TD valign=bottom style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'><B>1,251</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>840</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Fair value adjustments of Convertible loans</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>3,503</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>1,024</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Fair value adjustments of derivative liability - Warrants</P>
</TD><TD valign=bottom style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'><B>408</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>526</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Re-assessment of Liability for Agricultural Research Organization</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'><B>(205)</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>96</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Interest over Agricultural Research Organization liability</P>
</TD><TD valign=bottom style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>403</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>402</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Finance expense (income), net</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>823</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>368</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Share based compensation (including cash-settled share-based payment)</P>
</TD><TD valign=bottom style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>601</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>563</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt'>Changes in assets and liabilities items:</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Change in trade accounts receivable </P>
</TD><TD valign=top style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'><B>(308)</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=top style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>(262)</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Change in other accounts receivable </P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'><B>(286)</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>240</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Change in inventory</P>
</TD><TD valign=top style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'><B>(1,189)</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=top style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>(1,088)</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Changes in trade accounts payable, other accounts payable and accrued liabilities</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'><B>1,040</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>  (*)1,511</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>Changes in deferred revenue</P>
</TD><TD valign=top style='width:63.8pt;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'><B>188</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=top style='width:63.75pt;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'> (*)354</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:14.2pt;color:#000000'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style='width:63.8pt;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style='width:63.75pt;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'><B>Cash used in operations</B></P>
</TD><TD valign=middle style='width:63.8pt;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>(6,684)</B></P>
</TD><TD valign=middle style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle style='width:63.75pt;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>(7,990)</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt'>Interest paid</P>
</TD><TD valign=top bgcolor=#DBE5F1 style='width:63.8pt;border-bottom:1.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>-</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:17pt;margin-right:14.2pt'>&nbsp;</P>
</TD><TD valign=top bgcolor=#DBE5F1 style='width:63.75pt;border-bottom:1.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>(532)</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'><B>Net cash used in operating activities</B></P>
</TD><TD valign=middle style='width:63.8pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>(6,684)</B></P>
</TD><TD valign=middle style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:17pt;margin-right:14.2pt'>&nbsp;</P>
</TD><TD valign=middle style='width:63.75pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>(8,522)</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.8pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:17pt;margin-right:14.2pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.75pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>Cash flow from investing activities:</B></P>
</TD><TD valign=bottom style='width:63.8pt;border-top:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:13.85pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:63.75pt;border-top:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:13.85pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Purchase of property and equipment</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>(2,835)</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>(1,474)</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Deposit of restricted cash for bank guarantee, net of drawing</P>
</TD><TD valign=middle style='width:63.8pt;border-bottom:1.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'><B>(192)</B></P>
</TD><TD valign=middle style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle style='width:63.75pt;border-bottom:1.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>-</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'><B>Net cash used in investing activities</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.8pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>(3,027)</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.75pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>(1,474)</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style='width:63.8pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>&nbsp;</P>
</TD><TD valign=middle style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle style='width:63.75pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;text-indent:-8.5pt;margin-left:11.35pt'><B>Cash flow from financing activities</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.8pt;border-top:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:13.85pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.75pt;border-top:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:13.85pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Repayments of lease liabilities</P>
</TD><TD valign=middle style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>(579)</B></P>
</TD><TD valign=middle style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>(364)</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Proceeds from drawing loans, net of repayments</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>3,314</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>-</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Exercise of options and warrants by employees and consultants</P>
</TD><TD valign=middle style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>408</B></P>
</TD><TD valign=middle style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>403</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Proceeds from issuance of units of securities</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>4,330</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>-</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Proceeds from issuance of convertible loans</P>
</TD><TD valign=middle style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>-</B></P>
</TD><TD valign=middle style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>13,517</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt;color:#000000'>Repayments of principal and interest of convertible loans</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.8pt;border-bottom:1.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>(693)</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.75pt;border-bottom:1.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>-</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;text-indent:-8.5pt;margin-left:11.35pt'><B>Net cash provided by financing activities</B></P>
</TD><TD valign=middle style='width:63.8pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>6,780</B></P>
</TD><TD valign=middle style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style='width:63.75pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>13,556</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;text-indent:-8.5pt;margin-left:11.35pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.8pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt;color:#000000'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.75pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt'>Exchange rate differences on cash and cash equivalents &nbsp;</P>
</TD><TD valign=bottom style='width:63.8pt;border-top:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'><B>(34)</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:63.75pt;border-top:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt'>59</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;text-indent:-4.25pt;margin-left:11.35pt'>Increase (decrease) in cash and cash equivalents</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>(2,931)</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.7pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>3,560</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;margin-left:7.1pt'>Cash and cash equivalents at the beginning of the year</P>
</TD><TD valign=middle style='width:63.8pt;border-bottom:1.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>5,355</B></P>
</TD><TD valign=middle style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:22.35pt;margin-right:14.1pt'>&nbsp;</P>
</TD><TD valign=middle style='width:63.75pt;border-bottom:1.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>1,736</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'><B>Cash and cash equivalents at the end of the year</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.8pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>$ 2,390</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.75pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>$ 5,355</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style='width:63.8pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style='width:63.75pt;border-top:1.5pt solid #000000;border-bottom:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0'><B>Significant non-cash transactions:</B></P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.8pt;border-top:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=middle bgcolor=#DBE5F1 style='width:63.75pt;border-top:2.25pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;text-indent:-4.25pt;margin-left:11.35pt'>Conversion of Convertible loans into shares</P>
</TD><TD valign=bottom style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>20,527</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>2,557</P>
</TD></TR>
<TR><TD valign=bottom bgcolor=#DBE5F1 style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;text-indent:-4.25pt;margin-left:11.35pt'>Purchase a property in installment agreement</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>1,440</B></P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom bgcolor=#DBE5F1 style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>-</P>
</TD></TR>
<TR><TD valign=bottom style=width:347.3pt><P style='font:10pt Times New Roman;margin:0;text-indent:-4.25pt;margin-left:11.35pt'>Recognition of Right of use assets and Lease liabilities</P>
</TD><TD valign=bottom style=width:63.8pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'><B>8,351</B></P>
</TD><TD valign=bottom style=width:7.1pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:2.85pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:63.75pt><P align=right style='font:10pt Times New Roman;margin:0;margin-left:7.2pt;margin-right:7.15pt;color:#000000'>229</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:9pt Times New Roman;margin:0'><FONT style=font-size:10pt>(*) Certain comparative amounts have been reclassified to conform to the current year presentation (Note 2b)</FONT></P>
</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
