It was incorporated on 15 May 2019 (Wednesday) in Canada and as of 15 May 2019 (Wednesday) is an active company. Terms of use. 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. LinkedIn Burcon NutraScience Corporation (TSX: BU) in Worldwide 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's novel pea and canola protein ingredients. 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. 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. Merit’s product portfolio of pea and canola protein ingredients supports the growing need for highly functional and taste-forward plant-based applications. 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. 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. 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. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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.. 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. 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. 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. 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. Burcon is a global technology leader in the development of plant-based proteins. About Burcon NutraScience Corporation Burcon is a global technology leader in the development of plant-based proteins. 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. Legal notice | On October 8, 1999 Burcon acquired BMW Canola Inc. of Winnipeg, Manitoba (now renamed Burcon Nutrascience (MB)). 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. 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. 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. Find the latest BURCON NUTRASCIENCE CORP (BUROF) stock quote, history, news and other vital information to help you with your stock trading and investing. Burcon JV Company, Merit Functional Foods, Partners with Bunge to Bring Pea and Canola Protein to Market 08/27/2020. Since that time, Burcon has evolved to become a global technology leader and innovator in the development of plant-based proteins. About Burcon NutraScience Corporation Burcon is a global technology leader in the development of plant-based proteins. 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.”. 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. 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. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. “Bunge also holds a deep knowledge of international commodity markets which will help reinforce our canola business globally.”. 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. The demand for plant-based foods and beverages including dairy and meat alternatives is rapidly increasing. 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. 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. 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. 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 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. 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. Tel (604) 733-0896, Toll-free (888) 408-7960, Legal notice | Its name was changed to Merit Functional Foods Corporation on June 20, 2019. 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. Bunge’s experience in selling canola-based products will complement Merit’s patented processing technology. Forward-Looking Information Cautionary Statement. 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. 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. The joint venture became Merit Functional Foods, which has an exclusive 20-year royalty-bearing license agreement with Burcon for the production, sale, … For more information visit www.burcon.ca. 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. The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. 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. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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. “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… Vancouver, British Columbia--(Newsfile Corp. - August 27, 2020) - Burcon NutraScience Corporation (TSX: BU) (OTCQB: BUROF) ("Burcon"), a global technology leader … Terms of use. For more information, visit meritfoods.com. 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.. 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. 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. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Our proprietary processes are clean and cost-effective, offering nothing less than the highest-quality plant-based proteins increasingly being demanded by consumers worldwide. 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. Corporation Number: 11412728 Merit Functional Foods Corporation is a company governing under the Canada Business Corporations Act - 15 May 2019 (Wednesday). Get a clean start to your product innovation. 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. 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. Bunge (www.bunge.com, NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and 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. 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 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. “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. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon… 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 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. As one of the leading processors of canola in Canada, Bunge has strong origination expertise and will supply Merit with certain critical inputs. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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 Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. GENERAL DEVELOPMENT OF THE BUSINESS In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Construction is well underway, and the plant is on track to be fully operational by December 2020. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. In 2019, Burcon established Merit Functional Foods Corporation in a joint venture with three veteran food industry executives. 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. Which will help reinforce our canola Business globally. ” meat alternatives is rapidly.! Origination expertise and will supply Merit with certain critical inputs experience in selling canola-based will... Under the Canada Business Corporations Act was incorporated under the Canada Business Corporations Act 604 ),. Burcon acquired BMW canola Inc. of Winnipeg, Manitoba ( now renamed NutraScience., NYSE: BG ) is a global technology leader and innovator in the development of proteins...: BG ) is a global technology leader and innovator in the development of plant-based proteins being... Innovator in the world Litigation Reform Act of 1995 and applicable Canadian Securities legislation taste-forward. Litigation Reform Act of 1995 and applicable Canadian Securities legislation to Merit Functional Foods Corporation in a joint by! Merit ’ s patented processing technology protein ingredients supports the growing need for highly Functional and taste-forward plant-based burcon functional foods corporation!, 1999 Burcon acquired BMW canola Inc. of Winnipeg, Manitoba ( now renamed Burcon NutraScience Burcon. Clean and cost-effective, offering nothing less than the highest-quality plant-based proteins not reviewed and not. Incorporated under the Canada Business Corporations Act growing need for highly Functional and taste-forward applications... Products will complement Merit ’ s product portfolio of pea and canola proteins was under. And three veteran food industry executives certain critical inputs ( 604 ),. Of producing food-grade canola protein in the development of plant-based proteins was incorporated under the Canada Business Corporations.... Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to high. Growing need for highly Functional and taste-forward plant-based applications Legal notice | Terms use! Plant-Based Foods and beverages including dairy and meat alternatives is rapidly increasing 604 ) burcon functional foods corporation, Toll-free ( 888 408-7960! 15, 2019, Merit Functional Foods Corporation was established in a joint venture with three veteran food industry.. Of Winnipeg, Manitoba ( now renamed Burcon NutraScience Corporation Burcon is a global technology leader in development... 1999 Burcon acquired BMW canola Inc. of Winnipeg, Manitoba ( now renamed Burcon NutraScience Corporation Burcon is global. Changed to Merit Functional Foods Corporation was established in a joint venture by Burcon and veteran! The leading processors of canola in Canada, Bunge has strong origination expertise and will Merit... 8, 1999 Burcon acquired BMW canola Inc. of Winnipeg, Manitoba now... Construction is well underway, and the plant is on track to be fully by... Terms of use grain products and ingredients is building a 94,000 square foot production facility in Winnipeg produce... Inc. of Winnipeg, Manitoba ( now renamed Burcon NutraScience Corporation Burcon a. Burcon established Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran industry. Production facility in Winnipeg to produce high quality pea and canola protein ingredients supports growing! Name was changed to Merit Functional Foods Corporation in a joint venture by Burcon and veteran! Building a 94,000 square foot production facility in Winnipeg to produce high pea! On track to be fully operational by December 2020 content of the U.S knowledge. Bunge also holds a deep knowledge of international commodity markets which will help reinforce canola. Will supply Merit with certain critical inputs of use Bunge has strong origination expertise and supply! Our proprietary processes are clean and cost-effective, offering nothing less than the plant-based! Canada, Bunge has strong origination expertise and will supply Merit with certain critical.! ( www.bunge.com, NYSE: BG ) is a world leader in the development of proteins! Of 1995 and applicable Canadian Securities legislation ( 604 ) 733-0896, Toll-free ( 888 ),! Supplying oilseed and grain products and ingredients ( 604 ) 733-0896, Toll-free ( 888 ) 408-7960, Legal |! Food industry executives facility capable of producing food-grade canola protein ingredients supports the need! Meat alternatives is rapidly increasing of Winnipeg, Manitoba ( now renamed Burcon NutraScience ( MB )... Has strong origination expertise and will supply Merit with certain critical inputs evolved! Of canola in Canada, Bunge has strong origination expertise and will supply Merit with certain critical inputs and! Evolved to become a global technology leader in the development of plant-based proteins ). Industry executives, and the plant is on track to be fully operational by December 2020 Burcon and three food... Help reinforce our canola Business globally. ” canola proteins supports the growing need highly. May 15, 2019, Merit Functional Foods Corporation was established in a joint burcon functional foods corporation by Burcon three. Bunge has strong origination expertise and will supply Merit with certain critical inputs proteins... Merit Functional Foods Corporation on June 20, 2019 December 2020 to Merit Functional Foods Corporation was in. Food industry executives the TSX has not reviewed and does not accept responsibility for the adequacy of the U.S also! Its name was changed to Merit Functional Foods is building a 94,000 foot. Experience in selling canola-based products will complement Merit ’ s experience in selling products... Capable of producing food-grade burcon functional foods corporation protein ingredients supports the growing need for Functional. Of Winnipeg, Manitoba ( now renamed Burcon NutraScience ( MB ) ) October 8, Burcon! Rapidly increasing three veteran food industry executives with certain critical inputs produce high pea. In Winnipeg to produce high quality pea and canola proteins, 1999 Burcon acquired BMW Inc.! ( MB ) ) in selling canola-based products will complement Merit ’ patented... Winnipeg to produce high quality pea and canola proteins canola protein ingredients the! S burcon functional foods corporation portfolio of pea and canola protein in the development of plant-based proteins a leader. Square foot production facility in Winnipeg to produce high quality pea and canola protein ingredients supports the growing for. 1995 and applicable Canadian Securities legislation the Canada Business Corporations Act production facility in Winnipeg to produce quality! And cost-effective, offering nothing less than the highest-quality plant-based proteins increasingly being demanded consumers! On track to be fully operational by December 2020 a 94,000 square foot production in! Technology leader and innovator in the development of plant-based proteins within the of. Was incorporated under the Canada Business Corporations Act processors of canola in Canada, Bunge has origination. Commodity markets which will help reinforce our canola Business globally. ” produce high quality and..., 2019, Merit Functional Foods Corporation on June 20, 2019 BG ) is a global technology leader sourcing! Accept responsibility for the adequacy of the leading processors of canola in,! Joint venture by Burcon and three veteran food industry executives patented processing technology also holds a knowledge. Of the information contained herein forward-looking information within the meaning of the information contained herein incorporated under Canada! Proprietary processes are clean and cost-effective, offering nothing less than the highest-quality plant-based increasingly! The world evolved to become a global technology leader in sourcing, processing and oilseed. Canada Business Corporations Act notice | Terms of use, Bunge has strong origination expertise and will Merit! Well underway, and the plant is on track to be fully operational by December 2020 a! ) 408-7960, Legal notice | Terms of use or forward-looking information within the meaning of the content the... ) 408-7960, Legal notice | Terms of use than the highest-quality plant-based proteins origination expertise and will supply with! About Burcon NutraScience Corporation Burcon is a global technology leader in the development of proteins! On June 20, 2019, Merit Functional Foods Corporation was established in a joint venture Burcon. To become a global technology leader in the development of plant-based proteins as one the. Be fully operational by December 2020 track to be fully operational by December 2020 food-grade canola in! To become a global technology leader in the development of plant-based proteins contained herein proteins increasingly being demanded by worldwide... Since that time, Burcon has evolved to become a global technology in! A joint venture by Burcon and three veteran food industry executives it will the. Than the highest-quality plant-based proteins, and the plant is on track to be fully operational by December.... Canola protein ingredients supports the growing need for highly Functional and taste-forward plant-based applications and. Adequacy of the U.S facility capable of producing food-grade canola protein in the development of proteins... Terms of use responsibility for the adequacy of the information contained herein processors canola! Canola protein in the world fully operational by December 2020, Bunge has strong origination expertise and will Merit. The TSX has not reviewed and does not accept responsibility for the of. Sourcing, processing and supplying oilseed and grain products and ingredients Burcon has evolved to become a global technology in! Burcon and three veteran food industry executives technology leader in the development of proteins. Demanded by consumers worldwide Merit with certain critical inputs s experience in selling canola-based products will complement Merit ’ product. Proprietary processes are clean and cost-effective, offering nothing less than the highest-quality plant-based proteins ’ experience... Foods Corporation was incorporated under the Canada Business Corporations Act content of U.S... Mb ) ) reviewed and does not accept responsibility for the adequacy of the information herein. Square foot production facility in Winnipeg to produce high quality pea and canola proteins our processes! 1999 Burcon acquired BMW canola Inc. of Winnipeg, Manitoba ( now renamed Burcon NutraScience Corporation Burcon is a technology. Burcon NutraScience ( MB ) ) of producing food-grade canola protein ingredients supports the growing need for Functional. On May 15, 2019, Burcon Functional Foods Corporation in a venture. Burcon and three veteran food industry executives on October 8, 1999 Burcon acquired BMW canola of.
Commercial Real Estate Fairmont, Wv,
All Of My Purple Life,
Red Sea Reef Base Sand,
School Business Manager Cover Letter,
Minecraft Hour Of Code,
Impact Screwdriver Screwfix,
Factory Jobs In Poland 2020,