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Burcon NutraScience has announced that its common shares have begun trading on the OTCQB Venture Market under the symbol BRCNF, effective May 8, 2024. This move aims to enhance accessibility for US investors and support the company’s focus areas for 2024, which include increasing production to meet hempseed protein demand and introducing new plant-based proteins via a capital-light business model. CEO Kip Underwood emphasized that this development provides more investors with the opportunity to participate in Burcon's growth and its path towards profitability through innovation in plant proteins.
Burcon NutraScience and HPS Food and Ingredients Inc. have achieved the first commercial sales of the world's first hemp protein isolate. This milestone marks a significant partnership in the rapidly growing market for plant-based proteins. Burcon's capital-light approach has allowed them to establish a route-to-market for their high purity hemp protein, enabling speed and influence over production. The company is ramping up production to meet increasing demand, with consumer product launches expected later in 2024.