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About Burcon NutraScience Corp
Burcon NutraScience Corp (OTCQB: BRCNF) is a global technology leader in the development of plant-based proteins for the food and beverage industry. With over two decades of expertise, Burcon has established itself as a pioneer in creating high-purity, functional, and nutritionally complete protein ingredients derived from renewable plant sources such as canola, pea, hemp, soy, and sunflower seeds. The company’s innovative protein solutions cater to the rapidly growing demand for sustainable and plant-based diets, aligning with global trends in health, wellness, and environmental responsibility.
Core Business Model and Intellectual Property
Burcon operates a capital-light business model that emphasizes innovation, intellectual property (IP) development, and strategic commercialization. The company boasts an extensive patent portfolio, including over 100 issued patents and numerous pending applications across multiple jurisdictions. These patents cover proprietary processes for extracting and purifying plant proteins, ensuring Burcon's competitive edge in the industry. By licensing its technologies, engaging in contract manufacturing, and collaborating with strategic partners, Burcon efficiently scales its operations while maintaining a focus on R&D and innovation.
Product Portfolio
Burcon’s diverse product lineup includes groundbreaking protein isolates such as:
- Clarisoy™: A soy protein isolate offering clarity and complete nutrition for low pH beverage systems.
- Peazazz™: A clean-tasting pea protein with exceptional solubility and functionality.
- Puratein®, Supertein™, and Nutratein™: Canola protein isolates with unique functional and nutritional attributes.
- Solatein™: A high-purity sunflower protein isolate designed for clean-label applications.
- Hemp Protein: A 95% pure hempseed protein isolate offering superior taste and functionality.
These proteins are characterized by their high purity, neutral flavor profiles, and exceptional functionality, making them ideal ingredients for applications ranging from beverages and baked goods to nutritional supplements and meat alternatives.
Strategic Market Position
Burcon is strategically positioned to capitalize on the expanding multi-billion-dollar plant-based protein market. The company’s proprietary technologies and focus on sustainability resonate with food formulators and consumers alike. By leveraging partnerships and alliances, such as its collaboration with RE ProMan, LLC, Burcon is scaling its production capabilities to meet growing global demand. The company’s recent acquisition of a protein production facility further strengthens its ability to deliver consistent, high-quality protein ingredients to its customers.
Commitment to Sustainability
Environmental sustainability is at the core of Burcon’s mission. The company’s innovative processes upcycle agricultural by-products, such as canola and sunflower seed meal, into high-value protein ingredients. This approach reduces waste, minimizes environmental impact, and supports a circular economy, aligning with global efforts to combat climate change and promote sustainable food systems.
Competitive Landscape
In a competitive market that includes established players and emerging startups, Burcon differentiates itself through its robust IP portfolio, focus on high-purity proteins, and ability to address specific functional and nutritional needs. Its proteins are uniquely positioned to replace traditional animal-based proteins in a variety of applications, offering superior taste, texture, and nutritional profiles.
Future Outlook
As a key player in the plant-based protein revolution, Burcon is poised for growth. The company’s focus on innovation, strategic partnerships, and sustainable practices positions it to capture a significant share of the global protein ingredient market. With a strong pipeline of prospective customers and a growing portfolio of next-generation protein solutions, Burcon is well-equipped to meet the evolving needs of the food and beverage industry.
Burcon NutraScience has successfully completed a rights offering, raising $9.43 million through the issuance of 110,986,126 common shares at $0.085 per share. The offering received strong support from strategic investors, including management and board members.
A total of 77,198,140 shares were issued under basic subscription rights, with 19,061,806 shares going to insiders and 58,136,334 to other investors. Additional subscription privileges resulted in 33,787,986 shares being issued. Following the offering, Burcon has 253,761,444 common shares outstanding.
The Insider Group now owns 30.64% of outstanding shares. The proceeds will primarily fund Burcon's obligations under a recently announced Manufacturing Agreement with RE ProMan, , and support the commercialization and scaling of protein products.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) reported its fiscal 2025 Q3 results, marking a transformative period with several key developments. The company formed an alliance with ProMan to acquire and operate a protein production facility, which is in final due diligence phase. Burcon generated $62,000 in revenues and reported a net loss of $1.8 million ($0.01 per share), compared to $2.0 million loss in the same period last year.
The company successfully closed a rights offering raising $9.43 million, exceeding their $7 million target for production, marketing, and sales initiatives. Burcon launched new products including next-generation Peazazz® pea protein, Puratein® canola protein, and Solatein™ sunflower protein isolate. The company has over 100 customers evaluating their proteins and expects to begin commercial scale production in the first half of 2025.
Burcon NutraScience has successfully completed its rights offering, raising approximately $9.43 million through the issuance of 110,986,126 Common shares at $0.085 per share. The Rights Offering, which expired on February 12, 2025, exceeded the company's target of $7 million needed to execute its production plan and achieve positive cash flow by calendar 2026.
The company, a global technology leader in plant-based protein development, is currently working with its transfer agent to calculate the amounts exercised under the basic subscription privilege and additional subscription privilege. Further details, including information required by National Instrument 45-106, will be provided once available.
Burcon has registered the offer and sale of shares on a Form F-7 registration statement under the U.S. Securities Act of 1933. The company has also scheduled a virtual investor presentation for February 18, 2025, at 5:00 p.m. Eastern time.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF), a leader in plant-based protein technology, has announced a virtual Investor Presentation scheduled for February 18, 2025, at 5:00 p.m. Eastern time. The presentation will be led by CEO Kip Underwood to discuss recent company milestones.
The event will cover key topics including: the company's route to market through facility acquisition by alliance partner Re ProMan , plans to bring their entire protein portfolio to market with full operational control, details about their Rights Offering, and future plans. A live Q&A session will follow the presentation.
Investors can participate through a webcast available on Burcon's website under 'Presentations' or join via phone using toll-free number 1-800-717-1738 (North America) or 1-646-307-1865 (International) with Conference ID: 37581. Questions can be submitted in advance to plam@burcon.ca.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) has entered into an agreement with RE ProMan, for a protein production facility in North America. The deal includes a seven-year manufacturing agreement followed by a ten-year lease arrangement. Under the terms, ProMan will purchase the facility and grant Burcon exclusive access to 100% of manufacturing capacity for its plant protein portfolio.
The agreement includes an annual production fee with a fixed portion totaling US$19.8 million over seven years, plus variable costs. First-year sales are projected at $1-3 million, with double-digit revenue expected in year two. Gross margins are targeted to exceed 50% as capacity utilization increases, with profitability and positive cash flow anticipated in 2026.
Due to ProMan being controlled by Burcon director John Vassallo, the agreement requires disinterested shareholder approval. The deal is conditional on Burcon receiving regulatory approvals, ProMan completing the facility acquisition by April 30, 2025, and Burcon securing minimum financing of CAD$7 million.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) announced that its alliance partner, RE ProMan, , has signed a Purchase and Sale Agreement to acquire a protein production facility in North America. The agreement was signed by ProMan, led by John Vassallo, who is also a director and shareholder of Burcon.
The acquisition is subject to due diligence and approval by the parties. The facility was selected after reviewing several commercial locations capable of producing Burcon's entire protein portfolio. Burcon has prepared comprehensive plans for facility start-up, including raw material procurement, production ramp, and product launch.
Upon transaction closing, Burcon plans to install proprietary unit operations and begin commercial-scale production of its protein products during the first half of 2025. This acquisition will provide Burcon with direct market access for all its protein products and control over commercial production.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) has launched Solatein™, a groundbreaking high-purity sunflower protein isolate. The product features over 90% protein purity and is designed to meet growing consumer demand for protein supplements, particularly among GLP-1 weight management medication users.
Solatein™ offers unique characteristics including neutral flavor, off-white color, and exceptional functionality for food and beverage applications. The non-GMO, hypoallergenic protein is rich in sulfur-containing amino acids and is produced through an innovative process that upcycles sunflower seed oil production by-products.
According to Goldman Sachs Research, GLP-1 medication users are expected to increase significantly over the next five years, creating new opportunities in the protein supplement market. Burcon's expanded portfolio aims to address this growing demand with its highly differentiated plant-based protein solutions.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) has provided an update on its previously announced rights offering. The company has secured registration requirement exemptions in Arizona, Arkansas, Minnesota, and Wisconsin, allowing shareholders in these states to participate in the offering.
Each shareholder of record as of November 27, 2024, will receive one transferable right for each common share held, enabling them to purchase one common share at $0.085. The rights are trading on TSX under 'BU.RT' until February 12, 2025. Shareholders must complete a subscription form and submit payment by 5:00 p.m. Eastern time on that date.
Ineligible shareholders outside eligible jurisdictions must complete an Exempt Purchaser Status Certificate by February 5, 2025, to participate.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) has been granted three new patents by the United States Patent and Trademark Office (USPTO). Two patents cover the production process and consumer applications for Peazazz pea protein, while one patent is for the production process of their soy protein.
The specific patents granted are U.S. patents 12,102,100 and 12,108,774 for pea protein, and U.S. patent 12,089,614 for soy protein. These additions expand Burcon's intellectual property portfolio to over 100 issued patents globally, including 61 U.S. patents, with more than 80 pending patent applications (12 in the U.S.).
Burcon NutraScience has launched its next-generation Peazazz®C pea protein, featuring over 90% protein purity and low sodium content. The product, made from North American non-GMO field peas, is designed for various applications including beverages, dairy alternatives, baked goods, and nutrition products. The company has accelerated its launch timeline to expedite customer evaluation processes, with several prospective customers already familiar with Burcon's pea protein technology. The proprietary technology transforms yellow field peas into high-purity protein isolates with neutral flavor and light color.
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