The lone financials stock recommended is ONEX Corp. with a ... Burcon licensed its pea and canola proteins to Merit Functional Foods, a JV [joint venture] of … Nevada Based Integrated Cannabis Producer Reports a 61% Revenue Increase; Full Details Here! Although Burcon believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and accordingly, investors should not rely on such statements. Merit Foods is building a 94,000 square foot production facility in Manitoba, Canada to produce, under license, Burcon’s novel pea and canola protein ingredients. MERIT FUNCTIONAL FOODS In 2019, Burcon established Merit Functional Foods Corporation in a joint venture with three veteran food industry executives. As that happens, tiny BUROF stock could soar, starting what could be a multi-year ramp in the stock as its presence continues to expand across the vegan food markets. It is regularly updated to include the most relevant information. You are already a member! News links about this funding. Cookies are used to offer you a better browsing experience and to analyze our traffic. The sources covered are … InvestorPlace’s bold new initiative delivers one breakthrough stock recommendation every trading day, targeting gains of 5X… 10X… even 15X and beyond. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … But those sales sit at a little more than $20 million today, and the creamer market in the U.S. alone measures around $3 billion. Burcon has been in the plant protein extraction game for over 20 years, and throughout its many years, the company has developed a patented extraction process which produces functionally superior pea and canola proteins. That means that while the company is killing it on the west coast of Canada, they have limited presence elsewhere. As it does, MLFNF stock will keep pushing higher. Burcon is a global technology leader in the development of plant-based proteins. It is a trending stock that is worth watching. Rachelle Catellier Regulatory and Logistics Specialist St-Pierre-Jolys, MB. Tel (604) 888-5267 Its name was changed to Merit Functional Foods Corporation on June 20, 2019. … In late 2020, the company — alongside its JV, Merit Functional Foods — will bring online a massive pea and canola protein production facility in Canada. Specifically, in 2019, Maple Leaf created a separate subdivision for those brands – called Greenleaf, with its own reporting segment, Plant Protein Group – and aggressively upped marketing and advertising spend for those brands, while committing to broader distribution deals and building out a huge 230,000 square foot manufacturing facility in Indiana dedicated entirely to plant-based food processing and packaging. DGAP-News: Burcon NutraScience Corp. / Key word(s): Alliance 28.08.2020 / 12:10 The issuer is solely responsible for the content of this announcement. Plant-based food is the future of eating — and over the next decade, the enormous legacy animal-based foods industry is going to be entirely disrupted by emerging plant-based foods companies that are winning over the hearts (and wallets) of young consumers (who, for what its worth, are becoming the driving force of the global consumer economy). In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Oat protein. And a YouGov poll found that one out of five young people believe that the future of eating is meat-free. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … Merit has now secured a combined $95 million debt financing package from a consortium of lenders including Export Development Canada, Farm Credit Canada, Agriculture and Agri-Food Canada, and the Canadian Imperial Bank of Commerce. 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. Many view it as a refreshing break from the tired, old and often highly processed Nestle creamers that dominate the market. So hard that big companies like Beyond Meat and Impossible Foods outsource it to plant protein suppliers. Vancouver, British Columbia--(Newsfile Corp. - June 22, 2020) - Burcon NutraScience Corporation (TSX: BU) (OTCQB: BUROF) ("Burcon"), a global technology leader in the development of plant-based proteins, is pleased to announce that its joint venture company, Merit Functional Foods Corporation ("Merit Functional Foods" or "Merit") has secured additional debt financing of $10 million in the form of a 10-year interest free loan from Agriculture and Agri-Food Canada (the "AIP Loan"). In his many years of taking on some of the biggest waves in the world, legendary surfer Laird Hamilton came up with a special, superfood creamer that, when added to his daily coffee, would deliver him sustained and healthy functional energy. 1125 N. Charles St, Baltimore, MD 21201. Forward-Looking Information Cautionary Statement. Senior Project Engineer at Merit Functional Foods Canada. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … At Merit Functional Foods, we’re making plant protein, pure and simple. Financial Market Data powered by QuoteMedia. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Merit Functional Foods … Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … 40% of the issued and outstanding shares of Merit Functional Foods Corporation (formerly Burcon Functional Foods Corporation). The Very Good Food Company could be it. All rights reserved. Established in 2019, Merit Functional Foods is committed to exceeding expectations for plant-based protein, providing the market with the highest quality protein ingredients and blends that offer unmatched purity, exceptional taste, and excellent solubility. That special concoction — which includes a mix of coconut, plant-based fats and a mineral-rich, superfood algae called Aquamin — has given birth to Laird’s own vegan foods company, Laird Superfood. plam@burcon.ca In other words, the Very Good Food Company is a high-quality supplier for vegan meat — and maybe even the highest-quality supplier out there. Manager, Business Development Important factors that could cause actual results to differ materially from Burcon's plans and expectations include the actual results of business negotiations, marketing activities, adverse general economic, market or business conditions, regulatory changes and other risks and factors detailed herein and from time to time in the filings made by Burcon with securities regulators and stock exchanges, including in the section entitled "Risk Factors" in Burcon's annual information form dated June 28, 2019 filed with the Canadian securities administrators on www.sedar.com. Paul Lam It’s no wonder that as these consumers have become more plant-forward and garnered more purchasing power, Tattooed Chef’s sales have soared — by 47% in 2018, 77% in 2019 and another 101% so far in 2020. ImagineAR Brings Augmented Reality to Liquid Avatar’s Verified Self Sovereign Identity Users, Vanadium One’s Mont Sorcier Project Diamond Drilling Completed Ahead of Schedule in Q4 2020. www.burcon.ca, Media Contact: Find out at Ore Day on Jan 22. Burcon NutraScience Corporation CLARISOY is a trademark of Archer Daniels Midland Company. The company offers pea-protein and canola-protein products. Twitter; Facebook; LinkedIn; GooglePlus; Pinterest; Jun 23 2020 13:00 BST Source: EQS. Merit Foods is building a 94,000 square foot production facility in Manitoba, Canada to produce, under license, Burcon’s novel pea and canola protein ingredients. Steak and potatoes; burgers; hot dogs. Another food vertical primed for disruption thanks to the vegan revolution is the frozen foods market, and the best way to play this particular disruption is by buying  Tattooed Chef stock — one of the leaders in the frozen plant-based foods category. But Else should be able to leverage first-mover’s advantage, purpose-driven branding and specialization in this space to forever remain an important player in the market — meaning that small-cap BABYF stock could soar between now and 2025. 7 Vegan Stocks to Buy Now for the Future of Food, driving force of the global consumer economy, Beyond Meat’s Partnership With Taco Bell Underscores Why BYND Stock Is a Buy, 17 Stocks to Buy to Play the Shift to Transportation 2.0, Intel CEO Switch Means Better Days Ahead for INTC Stock, 3 Psychedelic Stocks to Buy for HUGE Gains in the Shroom Boom, 7 Explosive Cryptocurrencies to Buy After the Bitcoin Halvening, Here’s Why Shopify Stock Is a Great Buy Right Now, It’s Best to Leave Sundial Stock for the Gamblers, The Very Good Food Company Is a 10X Stock in the Making. As they do, these health-conscious parents who are already eating a plant-forward diet, will very likely choose a plant-forward diet for their little ones as well. Read more: * Nestle's news release * Merit's news release About Merit Functional Foods Corporation Established in 2019, Merit Functional Foods is … All just to produce a piece of meat that is actually pretty bad for your heart and liver. Merit's product portfolio currently consists of three product family offerings: pea protein, non-GMO canola protein, and MeritPro™, a unique lineup of nutritionally complete protein blends. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Burcon JV Company, Merit Functional Foods, Partners with Bunge to Bring Pea and Canola Protein to Market. So, if you’re looking for a picks-and-shovels play on the vegan revolution, plant protein suppliers are your answer, and in this space, the best pick is Burcon NutraScience. These are classic American meals that defined eating throughout the 20th Century. WHICH METAL WILL SHINE IN 2021? The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. Because they look at animal-based meat through this entirely different lens, they’ve shunned meat-eating. Vancouver, British Columbia--(Newsfile Corp. - September 18, 2020) - Burcon NutraScience Corporation (TSX: BU) (OTCQB: BUROF) a global technology leader in the development of plant-based proteins, is pleased to announce the results from its 2020 annual meeting of shareholders (the "Meeting") held on September 17, 2020. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … Dan Kraft Vice President Operations at Merit Functional Foods Winnipeg, MB. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. They don’t see fancy steak dinners and juicy burgers — they see lines of cows, packed into hardly livable conditions, emitting tons of methane gas every year and contributing significantly to global warming. Burcon NutraScience Corp. DGAP-News: Burcon JV Company Merit Functional Foods Secures Additional $10 Million Funding. InvestmentPitch Media Video Discusses ProStar Holdings, whose Software has... Record Cryptocurrency Orders Processes & Two News Partnerships - MUST SEE V.BNXA, Global Leader in Swiss Hosted Software Co Readies Latin America Launch of SekurMessenger; Aims to Replace WhatsApp for Business, Newly Listed and New Discovery in Quebec: 29.08m at 8.47g/t Au including 11.13m @ 18.43g/t Au, Nevada Based Gold Explorer Announces Positive Drill Results Towards Another Potential Discovery, Producer of 4% of Worlds Tin Achieves Record Production; Provides Update on Growth Initiatives, Our Mill Will Reduce Processing Costs by ~33% and Trucking Costs by ~75% - Full 2021 Update HERE. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. So far in 2020, sales are up more than 30%. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. Merit Foods aims to be the best local independent family owned full-line food Distribution Company in Arizona. Producer of food based in Winnipeg, Canada. Meanwhile, a survey from The Food Institute found that 65% of Generation Z Americans want a more “plant-forward” diet, while 79% choose to go meatless one or two times a week. Plant protein, pure and simple. Steve Campbell, APR Merit Functional Foods Corporation Corporation Number: 11412728 Merit Functional Foods Corporation is a company governing under the Canada Business Corporations Act - 15 May 2019 (Wednesday). Indeed, I see Beyond Meat as the Tesla (NASDAQ:TSLA) of vegan meat. Of course, this has led to an acceleration in the company’s overall growth narrative, where sales have gone from rising 6% over three years between 2015 and 2018, to soaring 13% in one year in 2019. Vancouver, British Columbia--(Newsfile Corp. - June 22, 2020) - Burcon NutraScience Corporation (TSX: BU) (OTCQB: BUROF) ("Burcon"), a global technology leader in the development of plant-based proteins, is pleased to announce that its joint venture company, Merit Functional Foods Corporation ("Merit Functional Foods" or "Merit") has secured additional debt financing of $10 million … In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. On May 15, 2019, Burcon Functional Foods Corporation was incorporated under the Canada Business Corporations Act. Please go to the link in the email message to retrieve your password. Copyright © By providing my email, I consent to receiving messages from Stockhouse. Established in 2019, Merit Functional Foods is committed to exceeding expectations for plant-based protein, providing the market with the highest quality protein ingredients and blends that offer unmatched purity, exceptional taste, and excellent solubility. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 0 stock analysts on Stockchase covered Burcon Nutrascience Corp. quotes delayed at least 15 minutes, all others at least 20 minutes. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements or information. Merit Functional Foods Corporation. Burcon expects that the $4 million guarantee Burcon previously provided to help facilitate Merit's debt financing, will be released in stages over time as Merit draws down on the $10 million AIP Loan announced today. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Merit Functional Foods In 2019, Burcon established Merit Functional Foods Corporation in a joint venture with three veteran food industry executives. According to a Utopia survey of 18 to 24 year-olds in Germany, more than half of those surveyed have given up eating meat. Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. In 2019, Maple Leaf’s newly established Plant Protein Group reported 27% sales growth. The company’s best sellers include organic acai bowls, cauliflower pizza, Mexican street corn, cauliflower stir-fry, zucchini spirals, organic mac and cheese, so on and so forth. Maple Leaf is a Canadian packaged foods company with an assortment of frozen and refrigerated meats products under various brands, like Maple Leaf sausages, Schenider’s salami plates, or Swift’s chicken pot pies. Investor Contact The state-of-the-art facility, which is scheduled to be completed in Q4 2020 will be the only commercial facility in the world with the capability to produce food grade canola proteins. Because of this, the company has signed a big partnership with the world’s largest food and beverage company, Nestle. Beyond Meat should be able to leverage its first-mover’s advantage, strong brand equity and awareness, advanced faux meat construction process, robust production capabilities and widespread fast-food and grocery store distribution to sustain leadership in the vegan meat market over the next several years. As the market gets “veganized” over the next five to ten years, TTCF stock will surge higher. We will not release or resell your information to third parties without your permission. What is Burcon Nutrascience Corp. stock price? This facility will give Burcon the means and resources to start producing, at scale, plant protein for Nestle. Applied to the food world, this philosophy has one straightforward takeaway: Buy vegan stocks. Is Burcon Nutrascience Corp. worth watching? Buzz on the Bullboards: The Return of Crypto? Another way to play the vegan revolution in frozen foods is by buying Maple Leaf Foods. Merit Functional Foods General Information Description. An email was sent with password retrieval instructions. Burcon Nutrascience Corp. took a tumble today and lost -€0.086 (-5.770%). In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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