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Burcon Nutrascience ( (TSE:BU) ) has shared an announcement.
Burcon NutraScience’s alliance partner, RE ProMan, LLC, has signed an agreement to acquire a protein production facility in North America. This strategic move allows Burcon to gain control over commercial production, facilitating the market entry of their protein products by the first half of 2025. The acquisition reflects confidence in Burcon’s proprietary technologies and aligns with their capital-light strategy, potentially enhancing their market position and offering benefits to stakeholders through expanded production capabilities.
More about Burcon Nutrascience
Burcon NutraScience Corporation is a global technology leader specializing in the development of plant-based proteins for foods and beverages. Their proteins, known for superior functionality, taste, and nutrition, serve as ideal ingredients for food formulators. With over two decades of experience, Burcon has an extensive patent portfolio for novel plant-based proteins derived from sources like pea, canola, soy, hemp, and sunflower seeds. The company focuses on providing sustainable protein ingredients that support the growing trend towards plant-based diets, positioning itself as a key player in the expanding plant-based market.
YTD Price Performance: 26.00%
Average Trading Volume: 55,190
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $17.72M
For detailed information about BU stock, go to TipRanks’ Stock Analysis page.
