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BioHarvest signs $1.2M contract to develop rare fragrance plant, aiming for production in late 2027.

Company Fundamentals
12 May 2026
Newsfile Corp
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Bullish
pluang ai news

BioHarvest Sciences has secured a $1.2 million Stage 2 contract to develop a rare scent-producing plant used in the luxury fragrance market, following successful Stage 1 completion. This plant's extract is highly valuable, with premium grades fetching tens of thousands of dollars per kilogram, and demand is growing globally. The contract includes BioHarvest retaining 20% ownership of the developed compositions and positions the company to begin commercial trials within 6-9 months, targeting production readiness by the second half of 2027. This milestone advances BioHarvest's entry into the $23 billion premium fragrance segment and supports its long-term royalty-driven growth strategy.

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