Successful Integration and Commercial Production
The Galesburg facility has successfully integrated Burcon's technology, leading to the first commercial production of Peazazz pea protein and subsequent commercial production of fava protein.
Customer Response Exceeds Expectations
Customer response to Burcon's plant proteins has exceeded expectations, with a robust customer funnel and strong interest in pea and fava proteins.
Multiyear Production Agreement
Burcon entered into a $6.8 million multiyear production agreement, providing a steady revenue stream and helping optimize facility operations.
Trade Show Success
At the IFT trade show, Burcon demonstrated the wow factor of their products, especially in plant-based cheese, attracting significant customer interest.
Financial Targets Reaffirmed
Burcon reaffirmed its financial targets of $1 million to $3 million in revenue for 2025, with expectations for double-digit revenue and positive cash flow in 2026.