This facility will give Burcon the means and resources to start producing, at scale, plant protein for Nestle. 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. 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 Functional Foods Corp. plans to have its new 94,000-square-foot production plant at Winnipeg's Centreport running by the end of the year. As the market gets “veganized” over the next five to ten years, TTCF stock will surge higher. Meanwhile, a survey from The Food Institute found that 65% of Generation Z Americans want a more “plant-forward” diet, while 79% choose to go meatless one or two times a week. Get the latest stock price for Burcon Nutrascience Corporation (BU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. Please enter your password to sign in. About Merit Functional Foods. Merit Functional Foods Corporation. The report also analyzes the global functional foods and beverages market in terms of source, ingredient, function and regions. In addition, you can sign up for Luke’s free Hypergrowth Investing newsletter. "With today's announcement, Merit has further strengthened its financial position as it drives forward to complete its state-of-the-art plant protein production facility in Winnipeg," said Johann F. Tergesen, Burcon's president and chief executive officer, adding, "Merit fully anticipates future increases in demand and is well positioned to increase planned capacity when the time is right.". The first entry on this list of vegan stocks to buy is the most well known vegan stock of them all: Beyond Meat. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. ImagineAR Brings Augmented Reality to Liquid Avatar’s Verified Self Sovereign Identity Users, Vanadium One’s Mont Sorcier Project Diamond Drilling Completed Ahead of Schedule in Q4 2020. Last, but not least, on this list of vegan stocks to buy is freshly public Laird Superfood. The New Daily 10X Stock Report: Dozens of triple-digit winners, peak gains as high as 926%… 1,326%… and 1,392%. Copyright © Is Burcon Nutrascience Corp. worth watching? Other fund raisings in Consumer Products and Services, in United States. 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. 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. In late 2020, the company — alongside its JV, Merit Functional Foods — will bring online a massive pea and canola protein production facility in Canada. 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. 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") … In the last year. 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). 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. Applied to the food world, this philosophy has one straightforward takeaway: Buy vegan stocks. Maple Leaf is a Canadian packaged foods company with an assortment of frozen and refrigerated meats products under various brands, like Maple Leaf sausages, Schenider’s salami plates, or Swift’s chicken pot pies. Cookies are used to offer you a better browsing experience and to analyze our traffic. My investment philosophy is simple. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. As an alternative to the large national food distributors, we aim to enhance your business through strong personal relationships, competitive pricing, and … The interest free loan, repayable over 10 years, was approved under Agriculture and Agri-Food Canada's AgriInnovate Program. Vancouver, British Columbia--(Newsfile Corp. - June 22, 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 Functional Foods" or "Merit") has secured additional debt financing of $10 million in the form of a 10-year interest free loan from Agriculture and Agri-Food Canada (the "AIP Loan"). You are already a member! In 2019, Maple Leaf’s newly established Plant Protein Group reported 27% sales growth. The Fintech Co. that’s Making a Real Difference in the Wake of COVID, AgraFlora Expects to Enter Edibles Market in Q1 of 2021. 1125 N. Charles St, Baltimore, MD 21201. Indeed, I see Beyond Meat as the Tesla (NASDAQ:TSLA) of vegan meat. The Very Good Food Company could be it. 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. News links about this funding. 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 … In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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 … By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. MERIT FUNCTIONAL FOODS In 2019, Burcon established Merit Functional Foods Corporation in a joint venture with three veteran food industry executives. Twitter; Facebook; LinkedIn; GooglePlus; Pinterest; Jun 23 2020 13:00 BST Source: EQS. CLARISOY is a trademark of Archer Daniels Midland Company. This financing will further support Merit Functional Foods' growth plans and allow for expansion of their pea and canola protein capacity. Producer of food based in Winnipeg, Canada. Rachelle Catellier Regulatory and Logistics Specialist St-Pierre-Jolys, MB. Burcon has now funded its share of the initial capital contribution to Merit Functional Foods Corporation ("Merit Foods" or "Merit") by using a portion of the net proceeds from the over-subscribed rights offering, which closed on June 25th. Campbell & Company Public Relations Details on Merit Functional Foods Corp: funding history, funding news, description, investors (Bunge) and more. Find the latest BURCON NUTRASCIENCE CORP (BUROF) stock quote, history, news and other vital information to help you with your stock trading and investing. Manager, Business Development Nestlé has entered into a joint collaboration with Merit Functional Foods and its technology partner Burcon NutraScience to utilise their plant-based proteins. Buzz on the Bullboards: The Return of Crypto? 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. Now, for a limited time, you can get in for just $19. Tel (604) 888-5267 NAI500 Special Report: EV Battery Tech Went Up 487.5% in One Week! Read more: * Nestle's news release * Merit's news release About Merit Functional Foods Corporation Established in 2019, Merit Functional Foods is … The sources covered are … That means that while the company is killing it on the west coast of Canada, they have limited presence elsewhere. 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, … 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. Merit Functional Foods General Information Description. 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. 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. 22, 2020 at 2:42 p.m. So far in 2020, sales are up more than 30%. Very Good Food Company Inc. (CSE:VERY)(OTC:VRYYF) is pleased to announce that the Victoria Facility has met its production target of 20,000 lbs. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … The company offers pea-protein and canola-protein products. And a YouGov poll found that one out of five young people believe that the future of eating is meat-free. Burcon NutraScience Corp. DGAP-News: Burcon JV Company Merit Functional Foods Secures Additional $10 Million Funding. On 2021-01-08, Burcon Nutrascience Corp. (BU-T) stock … 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. When I first recommended The Very Good Food Company, it was a relatively unknown $80 million Canadian vegan meat company. … DGAP-News: Burcon NutraScience Corp. / Key word(s): Alliance Burcon JV Company, Merit Functional Foods, Partners with Bunge to Bring Pea and Canola Protein to Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … Vancouver, British Columbia--(Newsfile Corp. - September 18, 2020) - Burcon NutraScience Corporation (TSX: BU) (OTCQB: BUROF) a global technology leader in the development of plant-based proteins, is pleased to announce the results from its 2020 annual meeting of shareholders (the "Meeting") held on September 17, 2020. What is Burcon Nutrascience Corp. stock price? Producer of food based in Winnipeg, Canada. In other words, the Very Good Food Company is a high-quality supplier for vegan meat — and maybe even the highest-quality supplier out there. ST. LOUIS — Bunge Ltd. has made a $300 million capital investment in Merit Functional Foods, giving the ingredient supplier a minority interest in the Canadian-based company. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … Many view it as a refreshing break from the tired, old and often highly processed Nestle creamers that dominate the market. 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. Burcon JV Company, Merit Functional Foods, Partners with Bunge to Bring Pea and Canola Protein to Market Newsfile Thu, Aug. 27, 2020 Burcon Agrees … The company’s best sellers include organic acai bowls, cauliflower pizza, Mexican street corn, cauliflower stir-fry, zucchini spirals, organic mac and cheese, so on and so forth. 40% of the issued and outstanding shares of Merit Functional Foods Corporation (formerly Burcon Functional Foods Corporation). A much smaller name in the vegan revolution, Else Nutrition is specialized on the plant-based food transition in the infant nutrition market. President To that extent, LSF stocks looks like a long-term winner. Another way to play the vegan revolution in frozen foods is by buying Maple Leaf Foods. 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. The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. Competition will arrive over the next few years. 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. 2021 InvestorPlace Media, LLC. Please go to the link in the email message to retrieve your password. The company’s product portfolio is basically the dream freezer of your typical health-conscious, eco-sensitive, time-constrained Millennial and Gen Z consumer. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … Rachelle Catellier. 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. This growth narrative acceleration will persist for the foreseeable future. As that happens, tiny BUROF stock could soar, starting what could be a multi-year ramp in the stock as its presence continues to expand across the vegan food markets. But those sales sit at a little more than $20 million today, and the creamer market in the U.S. alone measures around $3 billion. Burcon JV Company, Merit Functional Foods, Partners with Bunge to Bring Pea and Canola Protein to Market. Stockhouse.com is owned by Stockhouse Publishing Ltd. © 2019 Stockhouse Publishing Ltd. All rights reserved. Laird Superfood’s signature product — the Original Superfood Creamer — has been very well received by the public for its clean label, solid energy-boost and authentic flavor which integrates seamlessly with coffee. We will not release or resell your information to third parties without your permission. As it does, MLFNF stock will keep pushing higher. These two new products should see enormous uptake over the next several years, mostly because the generation of young consumers born post-1995 who are exceptionally plant-forward, are also the generation of consumers that are becoming or will become parents over the next decade. Many customers view these products as some of the best vegan meat products in the market, with superior taste and texture compared to even products made by Beyond Meat. Find out at Ore Day on Jan 22. Merit Functional Foods … 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. Financial Market Data powered by QuoteMedia. The community is currently still undecided about Burcon Nutrascience Corp. with 2 Buy predictions and 0 Sell predictions. On May 15, 2019, Burcon Functional Foods Corporation was incorporated under the Canada Business Corporations Act. Click here to find out how. www.burcon.ca, Media Contact: 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. Although the consumer-facing brands get all the love and attention in the vegan stocks revolution, this revolution is actually built on the back of something consumers don’t see: the complex scientific process of turning plants into faux meat – and at the heart of that process is extracting protein from plants. Because they look at animal-based meat through this entirely different lens, they’ve shunned meat-eating. Burcon has been in the plant protein extraction game for over 20 years, and throughout its many years, the company has developed a patented extraction process which produces functionally superior pea and canola proteins. But Else should be able to leverage first-mover’s advantage, purpose-driven branding and specialization in this space to forever remain an important player in the market — meaning that small-cap BABYF stock could soar between now and 2025. 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 … Burcon Announces Results of Shareholder Meeting. View the. Forward-Looking Information Cautionary Statement. 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 Expanding Production Capacity Arranges $85 Million Debt Financing PackageVancouver, May 4, 2020 / - Burcon NutraScience Corporation ("Burcon") (TSX:BU, OTCQB:BUROF), a global technology leader in the … So, if you’re looking for a picks-and-shovels play on the vegan revolution, plant protein suppliers are your answer, and in this space, the best pick is Burcon NutraScience. 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. 1125 N. Charles St, Baltimore, MD 21201. 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. For years, Americans have been obsessed with their meat. 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. The joint venture became Merit Functional Foods, which has an exclusive 20-year royalty-bearing license agreement with Burcon for the production, sale, … In other words, Laird’s hyper-growth narrative is far from over, and over the next several years, this company will sustain 20%-plus revenue growth as the $3 billion creamer market is entirely uprooted by vegan creamers — of which, Laird’s Superfood Creamer should stand out given its brand, superfood ingredients and affordable price point. We also use them to share usage information with our. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … So hard that big companies like Beyond Meat and Impossible Foods outsource it to plant protein suppliers. Their business is recorded as Not available. According to a Utopia survey of 18 to 24 year-olds in Germany, more than half of those surveyed have given up eating meat. plam@burcon.ca All rights reserved. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … They make all of their meat in a 4,000 square foot production facility in Victoria. Details on Merit Functional Foods Corp raising funds on Friday, August 28th from Bunge. Nasdaq Burcon JV Company Merit Functional Foods Secures Additional $10 Million Funding Burcon JV Company Merit Functional Foods Secures Additional $10 Million Funding Jun. 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. Investor Contact Invest in today, what is going to be big tomorrow. | 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. 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. At Merit Functional Foods, we’re making plant protein, pure and simple. It is a trending stock that is worth watching. 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. In August, Else Nutrition brought to market, for the first time ever, a plant-based toddler milk formula, comprised of almonds, buckwheat and tapioca. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … From dairy alternatives to free-from supplements, to functional snacks, beverages, foods, and beyond – our researchers and developers at Merit see countless application possibilities and treat each one as an opportunity to serve our partners and their customers better. Least 20 minutes © 2019 Stockhouse Publishing Ltd. all rights reserved Burcon Nutrascience Corp of content..., this philosophy has one straightforward takeaway: Buy vegan stocks to Buy is the well! Foot production facility in Victoria of this plant-based blitz are in the North market. Indeed, I see Beyond meat and Impossible Foods outsource it to plant protein, pure and simple Based..., Else Nutrition presently offers the only plant-based toddler milk formula in the numbers our best content, to. 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