Replenish Nutrients Holding Corp (CSE:ERTH, OTC:VVIVF, FRA:7KE) said on Tuesday it has closed the final tranche of a non-brokered private placement, raising total gross proceeds of about C$4.8 million and settling a portion of its outstanding debt.
The regenerative agriculture company issued a total of 40.85 million units at C$0.12 each across three tranches of the offering.
Proceeds from the final tranche amounted to roughly C$449,480, following earlier raises of about C$919,000 and C$2.19 million.
As part of the financing, Replenish issued 11.24 million units to certain directors and trade creditors to settle approximately C$1.35 million in debt.
Each unit consists of one common share and one warrant, with each warrant exercisable at C$0.18 per share for a period of two years.
CEO Neil Wiens said the financing strengthens the company’s working capital as it scales production at its Beiseker facility and advances licensing partnerships with MJ Ag and Farmers Union.
“With Beiseker moving toward steady-state operations and our partners progressing toward initial commissioning, we believe Replenish is well positioned to execute on the next phase of growth in 2026,” Wiens said. “Our focus remains on increasing production volumes, supporting our licensing partners, and expanding adoption of our regenerative fertilizer platform across key agricultural markets."
Separately, Replenish secured a strategic investment from Sorbie Bornholm LP as part of the second tranche, issuing 17.55 million units. The investment includes a structured payment mechanism tied to the company’s share price performance over a 24-month period, with monthly payments adjusted based on the difference between a benchmark price and the stock’s volume-weighted average price.