07:21 AM EST, 01/16/2025 (MT Newswires) -- Replenish Nutrients ( VVIVF ) , a regenerative agriculture company, overnight Wednesday said it raised $1.15 million through key debt financings to fund the final upgrades to the Beiseker granulation facility.

The debt financing includes a $750,000 revolving credit facility and $4000,000 in loans. The company issued 3.1 million share purchase warrants at $0.08 conversion price, expiring Jan. 1, 2027, in connection with the debt financing.

The company said this financing will help the Beiseker facility to achieve full operational capacity, producing between 20,000 and 25,000 metric tonnes of granulated fertilizer annually. These upgrades, expected to be completed by early second quarter of 2025, coincide with the spring fertilizer season, a key revenue-driving period.

Replenish added that it has already secured purchase orders for the first 6,000 metric tonnes of production at an average price of $575 per metric tonne, delivering strong gross margins of 25%-35% in line with previous disclosures.

"With consistent demand from long-time customers and distributors, Replenish anticipates selling the facility's full production capacity, unlocking positive EBITDA and operating cash flow on an annualized run-rate basis," the company said in a statement.

Shares of the company closed flat at $0.040 on Wednesday on the Canadian Securities Exchange.