In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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. Vancouver, BC, June 23, 2020--Burcon NutraScience Corporation(TSX: BU), a technology leader in the development of plant-based proteins, announced that its joint venture company, Merit Functional Foods Corporation has secured additional debt financing of $10 million in the form of a 10-year … Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. 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. 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. 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") … 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. Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. 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. The joint venture became Merit Functional Foods, which has an exclusive 20-year royalty-bearing license agreement with Burcon for the production, sale, and distribution of pea and canola proteins. Guru Organic Energy Corp. (TSX: ... “Coming out of the year, we have a strong balance sheet, we established the Merit Functional Foods joint venture and … 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. Plant protein, pure and simple. 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, British Columbia--(Newsfile Corp. - August 27, 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 Foods" or "Merit") has received a $30 million investment from a new equity partner, … The company has a 40 per cent investment in Merit Functional Foods Corporation. Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. GENERAL DEVELOPMENT OF THE BUSINESS Burcon was formed in November 1998 as a venture capital pool corporation whose principal business was to identify and evaluate assets, properties or businesses for acquisition. Founded in 1998, it has a market cap of C$ 226 million and a price to book ratio of 10, as per the data on the TSX. On October 8, 1999 Burcon acquired Burcon-MB. Burcon Joint Venture Company Merit Functional Foods Secures Additional $10 Million Funding. Burcon JV Company, Merit Functional Foods, Partners with Bunge to Bring Pea and Canola Protein to Market. News Release Burcon JV Company Merit Functional Foods Secures Additional $10 Million Funding. 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 Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. Since October 1999, Burcon has raised … Vancouver-based plant-based proteins manufacturer Burcon NutraScience (TSX: BU) has made a steady climb on the stock market through the pandemic. Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins.