BioHarvest Sciences Inc. (CSE:BHSC, OTC:CNVCF) said it has appointed experienced investment banking executive Gavriel Lambert to its board of advisors with immediate effect.
Lambert, who has held positions at Barclays, Solomon Smith Barney, JP Morgan and UBS Securities, has 27 years of experience covering the consumer and retail sectors, and he has worked on numerous IPOs, financings and M&A deals, noted BioHarvest.
The appointment continues to demonstrate the company's resolve to "partner with top life science and cannabis companies", according to a statement.
"Gavriel's extensive experience in banking comes at an important junction of the company's evolution as it seeks new partnerships with several US and international entities that would accelerate the market reach of BHSC's products and technology," said Ilan Sobel, CEO of BioHarvest.
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"Not only will he help introduce us to the right strategic partners but he will also assist us in the process of achieving the best possible agreements. Furthermore, his capital markets experience will offer us valuable advice as a public company."
Lambert added in the statement: "I strongly believe in the power of the Bio-Plant CELLicitation technology that BioHarvest brought to the world.
"This proprietary technology is set to make a significant impact in the life science-based businesses and as such is attractive to a large array of US and international companies covering multiple multi-billion dollars' verticals including Cannabis, Food, Nutraceuticals, Biotech and Pharma.
"The Cannabis vertical in particular is very promising given the fundamental difference BioHarvest can make in this industry. I look forward to working with my fellow advisors and senior management."
BioHarvest has developed a patented bio-cell growth platform technology capable of growing the active and beneficial ingredients in fruit and plants, at industrial scale, without the need to grow the plant itself.
It says the technology is economical, ensures consistency, and avoids the negative environmental impacts associated with traditional agriculture.
Contact the writer at giles@proactiveinvestors.com