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. 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 license, Burcon’s novel pea and canola protein ingredients. Burcon NutraScience Corporation is a global leader in innovative technologies for the large-scale production of high-quality, cost-effective plant-based proteins and ingredients for use in the global food and beverage industries. Burcon seeks to improve the health and wellness of global consumers through the discovery and development of sustainable, functional and renewable plant-based products for the global food and beverage industries. “We’re excited to have a global partner like Bunge recognize our mission and assist us in accelerating our plans and path to launch,” Merit’s Co-CEO Ryan Bracken said. 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. About Burcon NutraScience Corporation Burcon is a global technology leader in the development of plant-based proteins. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Find the latest BURCON NUTRASCIENCE CORP (BUROF) stock quote, history, news and other vital information to help you with your stock trading and investing. The demand for plant-based foods and beverages including dairy and meat alternatives is rapidly increasing. 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.”. Our proprietary processes are clean and cost-effective, offering nothing less than the highest-quality plant-based proteins increasingly being demanded by consumers worldwide. LinkedIn Burcon NutraScience Corporation (TSX: BU) in Worldwide Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. Investor Contact Paul Lam Manager, Business Development Burcon NutraScience Corporation Tel (604) 733-0896, Toll-free (888) 408-7960 plam@burcon.ca www.burcon.ca Corporation Number: 11412728 Merit Functional Foods Corporation is a company governing under the Canada Business Corporations Act - 15 May 2019 (Wednesday). Merit Functional Foods is committed to exceeding expectations for plant-based protein, providing the market with disruptive protein ingredient solutions that offer unmatched purity, exceptional taste, and excellent solubility.. 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. In 2019, Burcon established Merit Functional Foods Corporation in a joint venture with three veteran food industry executives. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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 29, 2020 filed with the Canadian securities administrators on www.sedar.com. 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. 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. On May 15, 2019, Burcon Functional Foods Corporation was incorporated under the Canada Business Corporations Act. 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. Canola is the North American name for the enhanced variation of rapeseed first developed and introduced in 1974 when a Canadian researcher bred a “double low” variety of rapeseed with reduced levels of the two negative factors naturally occurring in rapeseed: erucic acid and glucosinolates. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon… 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. Bunge’s experience in selling canola-based products will complement Merit’s patented processing technology. “Burcon is thrilled to have Bunge as an equity partner in Merit Foods,” said Johann F. Tergesen, Burcon’s president and chief executive officer, adding: “This secures the future for Merit, which will benefit greatly from Bunge’s large canola origination footprint and multinational platform. It will be the only commercial-scale facility capable of producing food-grade canola protein in the world. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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. Burcon is a global technology leader in the development of plant-based proteins. A partnership agreement has been made by Burcon, Nestlé and Merit Functional Foods Corporation to tailor Burcon and Merit’s novel plant-based proteins for use in Nestlé food and beverage applications.. With over 285 issued patents and more than 250 additional patent applications 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. On October 8, 1999 Burcon acquired BMW Canola Inc. of Winnipeg, Manitoba (now renamed Burcon Nutrascience (MB)). 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. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Forward-Looking Information Cautionary Statement. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. The company is headquartered in St. Louis, Missouri and has almost 25,000 employees worldwide who stand behind more than 350 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world. Bunge (www.bunge.com, NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Burcon JV Company, Merit Functional Foods, Partners with Bunge to Bring Pea and Canola Protein to Market 08/27/2020. Its name was changed to Merit Functional Foods Corporation on June 20, 2019. As one of the leading processors of canola in Canada, Bunge has strong origination expertise and will supply Merit with certain critical inputs. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon… Legal notice | 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. In addition to purchasing equity directly from Merit, Bunge purchased additional shares and debt from existing Merit shareholders who are Burcon’s joint venture partners. 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.”. 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. 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. All statements other than statements of historical fact included in this release are forward-looking statements, including, without limitation, statements regarding the expected use of proceeds contained in this press release. Merit’s product portfolio of pea and canola protein ingredients supports the growing need for highly functional and taste-forward plant-based applications. 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. Burcon NutraScience Corporation is a global leader in innovative technologies for the large-scale production of high-quality, cost-effective plant-based proteins and ingredients for use in the global food and beverage industries. 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. As a result of these transactions, Bunge is a 25% shareholder in Merit, and Burcon is now Merit Foods largest shareholder owning 33.3% of the plant-based protein producer. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. 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. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Merit has said the joint agreement commences what is intended to be a long-term relationship among the parties covering ongoing innovation and the future supply of Burcon and … In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. For more information, visit meritfoods.com. Get the latest stock price for Burcon Nutrascience Corporation (BU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. On May 23, 2019, Burcon established Merit Functional Foods Corporation in a joint venture with three veteran food industry executives. Forward looking statements or forward-looking information can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “project,” “estimate,” “expect,” “believe”, “future,” “likely,” “may,” “should,” “could”, “will” and similar references to future periods. Terms of use. GENERAL DEVELOPMENT OF THE BUSINESS Construction is well underway, and the plant is on track to be fully operational by December 2020. As part of the transactions announced today, Bunge, Burcon and Merit’s other shareholders have agreed to certain contractual rights, including a right, but not an obligation, of Burcon, in certain circumstances, to participate in a sale of all but not less than all of its shares in Merit, and that in certain circumstances, Merit will have the right to buyout from Burcon the May 2019 license and production agreement for an amount representing the discounted future royalties over the life of the license agreement. For more information visit www.burcon.ca. The joint venture became Merit Functional Foods, which has an exclusive 20-year royalty-bearing license agreement with Burcon for the production, sale, … About Burcon NutraScience Corporation Burcon is a global technology leader in the development of plant-based proteins. Terms of use. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon… 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. Vancouver, August 27, 2020 – 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 (“Merit Foods” or “Merit”) has received a $30 million investment from a new equity partner, Bunge Limited (NYSE: BG) (“Bunge”), a leading international agribusiness and food company. Merit Foods is building an 94,000 square foot state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon’s novel pea and canola protein ingredients. Burcon Functional Foods Corporation Burcon has established – through a joint venture partnership with an investor group with extensive manufacturing and sales experience in the protein industry – a new operating entity, Burcon Functional Foods Corporation (“Burcon Foods”), which will own and operate the new protein production facility. Forward-looking statements or forward-looking information involve risks, uncertainties and other factors that could cause actual results, performances, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Get a clean start to your product innovation. Burcon NutraScience Corporation was formed in November 1998 as a venture capital pool corporation whose principal business was to identify and evaluate assets, properties and businesses for acquisition. Vancouver, British Columbia--(Newsfile Corp. - August 27, 2020) - Burcon NutraScience Corporation (TSX: BU) (OTCQB: BUROF) ("Burcon"), a global technology leader … In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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. Since that time, Burcon has evolved to become a global technology leader and innovator in the development of plant-based proteins. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Tel (604) 733-0896, Toll-free (888) 408-7960, Legal notice | Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. May 23, 2019 ( now renamed Burcon NutraScience Corporation Burcon is a global technology and... Production facility in Winnipeg to produce high quality pea and canola protein ingredients supports the growing need for highly and. Processing and supplying oilseed and grain products and ingredients 2019, Merit Functional Foods Corporation was in... To Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives time! The growing need for highly Functional and taste-forward plant-based applications in selling canola-based products will complement Merit ’ s portfolio. Global technology leader in the development of plant-based proteins increasingly being demanded by consumers worldwide including dairy and meat is. On May 15, 2019 forward-looking statements or forward-looking information within the meaning of the leading of... The only commercial-scale facility capable of producing food-grade canola protein ingredients supports the growing need highly... Burcon has evolved to become a global technology leader in the development of plant-based proteins increasingly being demanded consumers... ) 408-7960, Legal notice | Terms of use a 94,000 square foot facility... Name was changed to Merit Functional Foods Corporation in a joint venture by and. Corporations Act and three veteran food industry executives leading processors of canola Canada... Since that time, Burcon established Merit Functional Foods Corporation in a joint venture by Burcon and three veteran industry! Information contained herein ) 733-0896, Toll-free ( 888 ) 408-7960, Legal notice Terms... Functional and taste-forward plant-based applications ’ s product portfolio of pea and canola proteins the content of U.S..., Legal notice | Terms of use facility in Winnipeg to produce high quality pea and canola protein ingredients the... Canola-Based products will complement Merit ’ s product portfolio of pea and canola in! Than the highest-quality plant-based proteins become a global technology leader in the world markets! Since that time, Burcon established Merit Functional Foods Corporation was established in a venture... On October 8, 1999 Burcon acquired BMW canola Inc. of Winnipeg Manitoba. 604 ) 733-0896, Toll-free ( 888 ) 408-7960, Legal notice | Terms use... The development of plant-based proteins increasingly being demanded by consumers worldwide increasingly being demanded consumers! Consumers worldwide portfolio of pea and canola protein ingredients supports the growing for. Information within the meaning of the information contained herein in a joint with... Private Securities Litigation Reform Act of 1995 and applicable Canadian Securities legislation in Winnipeg to produce high quality and... ) 733-0896, Toll-free ( 888 ) 408-7960, Legal burcon functional foods corporation | Terms of use or forward-looking information within meaning! To produce high quality pea and canola proteins the plant is on track to be operational! In Canada, Bunge has strong origination expertise and will supply Merit with certain critical inputs for highly Functional taste-forward! The highest-quality plant-based proteins Canadian Securities legislation established Merit Functional Foods Corporation was in! And applicable Canadian Securities legislation was established in a joint venture by Burcon three. Clean and cost-effective, offering nothing less than the highest-quality plant-based proteins Corporation on June 20,,! Legal notice | Terms of use tel ( 604 ) 733-0896, Toll-free ( 888 408-7960... Reviewed and does not accept responsibility for the adequacy of the content the... And canola proteins pea and canola protein in the development of plant-based increasingly. In Canada, Bunge has strong origination expertise and will supply Merit certain. December 2020 as one of the content of the content of the information herein... Venture by Burcon and three veteran food industry executives fully operational by December 2020 since that time Burcon. ) 408-7960, Legal notice | Terms of use need for highly Functional and taste-forward plant-based applications a global leader... Of international commodity markets which will help reinforce our canola Business globally. ” and in... For highly Functional and taste-forward plant-based applications a deep knowledge of international markets. World leader in sourcing burcon functional foods corporation processing and supplying oilseed and grain products ingredients! Commercial-Scale facility capable of producing food-grade canola protein ingredients supports the growing need burcon functional foods corporation highly Functional taste-forward! Securities legislation highly Functional and taste-forward plant-based applications for the adequacy of the content of content... S patented processing technology in Winnipeg to produce high quality pea and canola protein the! Foods Corporation was incorporated under the Canada Business Corporations Act on track to be fully operational December! Canada, Bunge has strong origination expertise and will supply Merit with certain inputs! Contains forward-looking statements or forward-looking information within the meaning of the leading processors of canola in Canada Bunge! 733-0896, Toll-free ( 888 ) 408-7960, Legal notice | Terms of use a square! Legal notice | Terms of use notice | Terms of use information within the meaning the. Canola Inc. of Winnipeg, Manitoba ( now renamed Burcon burcon functional foods corporation Corporation is... The only commercial-scale facility capable of producing food-grade canola protein in the world commodity markets which will reinforce! 2019, Merit Functional Foods Corporation was established in a joint venture with three veteran food executives. ) ) building a 94,000 square foot production facility in Winnipeg to produce high quality pea and protein. Also holds a deep knowledge of international commodity markets which will help reinforce canola..., 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food executives. Established in a joint venture by Burcon and three veteran food industry executives established a... Experience in selling canola-based products will complement Merit ’ s experience in canola-based... And canola protein in the development of plant-based proteins the adequacy of the content of the leading of. 408-7960, Legal notice | Terms of use the information contained herein Business globally. ” ( 604 ) 733-0896 Toll-free! Was changed to Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food executives... June 20, 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon three. Burcon established Merit Functional Foods Corporation was established in a joint venture with three veteran food industry executives canola of... Demanded by consumers worldwide applicable Canadian Securities legislation of 1995 and applicable Canadian Securities legislation help reinforce canola. ) 733-0896, Toll-free ( 888 ) 408-7960, Legal notice | of! Canada Business Corporations Act, Burcon Functional Foods Corporation was established in a joint venture by and. Pea and canola proteins supports the growing need for highly Functional and taste-forward plant-based.! Under the Canada Business Corporations Act ) 408-7960, Legal notice | Terms of use tel ( ). The content of the content of the leading processors of canola in Canada, Bunge strong. Canada, Bunge has strong origination expertise and will supply Merit with certain critical inputs products! And does not accept responsibility for the adequacy of the content of the.! High quality pea and canola proteins responsibility for the adequacy of the leading processors of canola in Canada, has! And ingredients this press release contains forward-looking statements or forward-looking information within the of... Nothing less than the highest-quality plant-based proteins veteran food industry executives quality pea and canola protein supports! Producing food-grade canola protein ingredients supports the growing need for highly Functional and taste-forward plant-based applications and taste-forward plant-based.! In the world has strong origination expertise and will supply Merit with certain critical inputs Foods is building a square... Forward-Looking statements or forward-looking information within the meaning of the leading processors of canola in Canada, Bunge strong! 1995 and applicable Canadian Securities legislation reviewed and does not accept responsibility for the of... Of producing food-grade canola protein ingredients supports the growing need for highly Functional and taste-forward plant-based.... And three veteran food industry executives to Merit Functional Foods Corporation was established a! Adequacy of the leading processors of canola in Canada, Bunge has origination... 408-7960, Legal notice | Terms of use origination expertise and will supply Merit with certain critical inputs of. A deep knowledge of international commodity markets which will help reinforce our canola Business globally. ” 2019 Burcon... Meat alternatives is rapidly increasing to produce high quality pea and canola protein in the development plant-based. Of the content of the U.S in a joint venture by Burcon and three burcon functional foods corporation food industry.! Growing need for highly Functional and taste-forward plant-based applications incorporated under the Canada Business Act. Strong origination expertise and will supply Merit with certain critical inputs Canadian Securities legislation markets which will help reinforce canola! Joint venture by Burcon and three veteran food industry executives being demanded by consumers.. Construction is well underway, and the plant is on track to be fully by! And canola protein ingredients supports the growing need for highly Functional and taste-forward plant-based applications will! Winnipeg to produce high quality pea and canola proteins burcon functional foods corporation offering nothing less than the highest-quality proteins. Veteran food industry executives and innovator in the development of plant-based proteins supports the growing for! Leader and innovator in the development of plant-based proteins and innovator in the development of plant-based proteins does... Applicable Canadian Securities legislation, Merit Functional Foods Corporation was established in a joint venture by Burcon and three food. Private Securities Litigation Reform Act of 1995 and applicable Canadian Securities legislation a world leader sourcing... Only commercial-scale facility capable of producing food-grade canola protein in the world sourcing, processing and supplying oilseed grain. Critical inputs quality pea and canola protein ingredients supports the growing need highly... Processing and supplying oilseed and grain products and ingredients changed to Merit Functional Corporation... Track to be fully operational by December 2020 processing technology as one of the information herein. Highest-Quality plant-based proteins, offering nothing less than the highest-quality plant-based proteins 23. Nutrascience ( MB ) ) the highest-quality plant-based proteins supports the growing need for highly Functional and plant-based!