Burcon Announces Results of Shareholder Meeting. TECH@CCOM-PR.COM, To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58255, Get the latest news and updates from Stockhouse on social media, Stockhouse.com use cookies on this site. So hard that big companies like Beyond Meat and Impossible Foods outsource it to plant protein suppliers. 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. 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. 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, … 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. Merit Foods aims to be the best local independent family owned full-line food Distribution Company in Arizona. David Shambrock. 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). Forward-Looking Information Cautionary Statement. Else Nutrition presently offers the only plant-based toddler milk formula in the North American market. Rachelle Catellier. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Senior Project Engineer at Merit Functional Foods 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. The New Daily 10X Stock Report: Dozens of triple-digit winners, peak gains as high as 926%… 1,326%… and 1,392%. 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. But, in 2019, Maple Leaf began an all-out blitz into the plant-based food category with two vegan food brands the company acquired back in 2017: Lightlife and Roast Fields. 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 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. 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 … But this is still just a $1.6 billion company in the early innings of disrupting the $55 billion U.S. frozen foods markets. Nasdaq The company’s product portfolio is basically the dream freezer of your typical health-conscious, eco-sensitive, time-constrained Millennial and Gen Z consumer. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Merit Functional Foods Corporation (Corporation Number: 11412728) was incorporated on 2019-05-15 in Canada. 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. https://www.newsfilecorp.com/release/58255, Stockhouse @ the Bell: TSX Jumps as Loonie Takes Flight, Stockhouse @ the Bell: TSX down, US Markets Mixed, Stockhouse @ the Bell: TSX Higher on Oil Rise, US Markets Climb, Axion Ventures Appoints Director on Behalf of True Corporation, Drone Delivery Canada Announces No Material Change. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … Indeed, I see Beyond Meat as the Tesla (NASDAQ:TSLA) of vegan meat. www.burcon.ca, Media Contact: In August, Else Nutrition brought to market, for the first time ever, a plant-based toddler milk formula, comprised of almonds, buckwheat and tapioca. The Very Good Food Company could be it. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. Manager, Business Development Invest in today, what is going to be big tomorrow. 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. 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. Dan Kraft Vice President Operations at Merit Functional Foods Winnipeg, MB. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Merit Functional Foods … | 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. Cookies are used to offer you a better browsing experience and to analyze our traffic. 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. Other fund raisings in Consumer Products and Services, in United States. 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. These are classic American meals that defined eating throughout the 20th Century. Producer of food based in Winnipeg, Canada. Stay on top of sector specific news, get industry leaders insights and our best content, delivered to your email. All rights reserved. Today, it is a $481 million company, making everything from vegan burgers and sausages to taco mix, steak and bacon, and selling those products under The Very Good Butcher brand. As the market gets “veganized” over the next five to ten years, TTCF stock will surge higher. Merit Functional Foods In 2019, Burcon established Merit Functional Foods Corporation in a joint venture with three veteran food industry executives. Unfortunately, the company is supply constrained. Merit Functional Foods General Information Description. And a YouGov poll found that one out of five young people believe that the future of eating is meat-free. Click here to sign up now. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … Is Burcon Nutrascience Corp. worth watching? 22, 2020 at 2:42 p.m. Dan Kraft. This facility will give Burcon the means and resources to start producing, at scale, plant protein for Nestle. 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. 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. Burcon JV Company, Merit Functional Foods, Partners with Bunge to Bring Pea and Canola Protein to MarketVancouver, August 27, 2020 - Burcon NutraScience Corporation ("Burcon") (TSX:BU, OTCQB:BUROF), a global technology leader in … Campbell & Company Public Relations Details on Merit Functional Foods Corp: funding history, funding news, description, investors (Bunge) and more. In other words, it’s time to buy vegan stocks — and the best vegan stocks to buy today are: The first entry on this list of vegan stocks to buy is the most well known vegan stock of them all: Beyond Meat. 40% of the issued and outstanding shares of Merit Functional Foods Corporation (formerly Burcon Functional Foods Corporation).

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