|"Burcon is providing notice to its holders of convertible debentures issued on December 10, 2019. Burcon completed a non-brokered private placement of unsecured convertible debentures to raise gross proceeds of $9.5 million in December 2019. The Convertible Debentures will be converted into Common Shares at a conversion price of $1.05 per Common Share, being a rate of 952.38 Common Shares for each $1,000 principal amount of the Convertible Debentures.|
|Burcon Nutrascience Corporation - BU.t is a leader in plant-based food technologies for feeding our growing world.|
The company specializes in high-quality, functionally and nutritionally superior plant-based proteins. The company is a world leader in plant protein extraction and purification technology. In 2019, Merit Functional Foods was established in a joint venture by Burcon and three veteran food industry executives. Merit Foods is building a state-of-the-art plant protein production facility in Manitoba
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|On August 27, 2020 the co released News|
Burcon NutraScience Corp.'s joint venture company, Merit Functional Foods Corp., has received a $30-million investment from a new equity partner, Bunge Ltd., a leading international agribusiness and food company. The partnership will expedite Merit's construction of its state-of-the-art plant-based protein production facility in Manitoba, Canada, where it will produce, under licence, Burcon's novel pea and canola protein ingredients. It will be the only commercial-scale facility capable of producing food-grade canola protein in the world. Construction is well under way, and the plant is on track to be fully operational by December, 2020.
Doug Cooper, MBA (416) 643-3863 firstname.lastname@example.org has put a $6.50 target on Burcon. - "When we add-up all of the above factors AND with an EV of ~$230 million, we believe the risk-return on the shares of BU is excellent. Furthermore, as we mentioned, plant-based proteins is one of the largest trends of our generation."
|On June 22, 2020 the co released News|
Burcon NutraScience Corporation (“Burcon”) (TSX:BU, OTCQB:BUROF), a global technology leader in the development of plant-based proteins, is pleased to announce that its joint venture company, Merit Functional Foods Corporation has secured additional debt financing of $10 million in the form of a 10-year interest free loan from Agriculture and Agri-Food Canada.