burcon functional foods corporation

About Burcon NutraScience Corporation Burcon is a global technology leader in the development of plant-based proteins. Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. Bunge’s experience in selling canola-based products will complement Merit’s patented processing technology. Our proprietary processes are clean and cost-effective, offering nothing less than the highest-quality plant-based proteins increasingly being demanded by consumers worldwide. Bunge (www.bunge.com, NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Terms of use. Founded in 1818, Bunge’s expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. Merit is building a state-of-the-art production facility in Winnipeg, where it will produce a portfolio of pea and canola protein ingredients with exceptional functional and nutritional values. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon… For more information visit www.burcon.ca. Any forward-looking statement or information only speaks as of the date on which it was made and, except as may be required by applicable securities laws, Burcon disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. With over 285 issued patents and more than 250 additional patent applications, that have been developed over a span of more than twenty years, Burcon has grown an extensive portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed and more. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon's novel pea and canola protein ingredients. With this transaction, Burcon is aligned with a leader in the global food ingredients industry, expanding Merit’s reach to new customers and consumers in Canada, North America and worldwide.”. The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. It was incorporated on 15 May 2019 (Wednesday) in Canada and as of 15 May 2019 (Wednesday) is an active company. As one of the leading processors of canola in Canada, Bunge has strong origination expertise and will supply Merit with certain critical inputs. Get the latest stock price for Burcon Nutrascience Corporation (BU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Tel (604) 733-0896, Toll-free (888) 408-7960, Legal notice | Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Merit’s product portfolio of pea and canola protein ingredients supports the growing need for highly functional and taste-forward plant-based applications. It will be the only commercial-scale facility capable of producing food-grade canola protein in the world. Building on our unique environmentally friendly and clean-label extraction and purification technologies, the company now boasts an extensive portfolio of innovative composition, application, and process patents. “Bunge also holds a deep knowledge of international commodity markets which will help reinforce our canola business globally.”. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Burcon is a global technology leader in the development of plant-based proteins. Burcon NutraScience Corporation, a leader in plant proteins, announces that its joint venture company, Merit Functional Foods Corp, has secured a debt financing package up to $85 million of capital from a syndicate of lenders including Export Development Canada, Farm Credit Canada and the Canadian Imperial Bank of Commerce. 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