who owns merit functional foods?

Although Burcon believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and accordingly, investors should not rely on such statements. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. 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. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon… overflow: none; Burcon is a global technology leader in the development of plant-based proteins. Company Profile Changes and Updates Vancouver, BC Merit Functional Foods Corporation Corporation Number: 11412728 Merit Functional Foods Corporation is a company governing under the Canada Business Corporations Act - 15 May 2019 (Wednesday). Senior Project Engineer at Merit Functional Foods Canada. Canadian plant-based company Merit Functional Foods is partnering with Bunge Limited. Article Sidebar. 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. 06/22/2020. The partnership will expedite Merit's construction of its state-of-the-art plant-based protein production facility in Manitoba, Canada, where it will produce, under license, Burcon's novel pea and canola protein ingredients. white-space: -moz-pre-wrap; /* Mozilla */ As one of the leading processors of canola in Canada, Bunge has strong origination expertise and will supply Merit with certain critical inputs. Indeed may be compensated by these employers, helping keep Indeed free for job seekers. Displayed here are job ads that match your query. Sort by: relevance - date. | Copyright | Terms of Use | Contact T-Net | Site Map. | https://www.bctechnology.com, © 2021 T-Net. In addition to purchasing equity directly from Merit, Bunge purchased additional shares and debt from existing Merit shareholders who are Burcon's joint venture partners. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. 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. Terms of use. Forward-Looking Information Cautionary Statement. width: 190px; padding-left: 0px; word-wrap: break-word; /* IE */ 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. Forward-Looking Information Cautionary Statement. All Rights Reserved. 1 2 3, Burcon NutraScience Corporation For more information visit www.burcon.ca. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Dan Kraft Vice President Operations at Merit Functional Foods Winnipeg, MB. 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. With this transaction, Burcon is aligned with a leader in the global food ingredients industry, expanding Merit's reach to new customers and consumers in Canada, North America and worldwide.". The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. As part of the transactions announced today, Bunge, Burcon and Merit's other shareholders have agreed to certain contractual rights, including a right, but not an obligation, of Burcon, in certain circumstances, to participate in a sale of all but not less than all of its shares in Merit, and that in certain circumstances, Merit will have the right to buyout from Burcon the May 2019 license and production agreement for an amount representing the discounted future royalties over the life of the license agreement. white-space: pre-line; /* CSS 3 (and 2.1) */ Founded: 1999 | Revenues: $0.01 Million, New Job Listings Posted By This Company Vancouver (Biotech/Life Sciences) 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. Rachelle Catellier Regulatory and Logistics Specialist St-Pierre-Jolys, MB. Merit Functional Foods is a joint venture (JV) between Burcon NutraScience and an investor group comprising Hemp Oil Canada founder Shaun Crew, former Manitoba Harvest COO Barry Tomiski and former Manitoba Harvest vice-president Ryan Bracken. Please Send me an Email Alert (With All of My Company Updates) On The Following Dates: .wrapme3 { CLARISOY is a trademark of Archer Daniels Midland Company. Vancouver, June 22, 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 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”). Founded: 1999 | Revenues: $0.01 Million Merit Functional Foods is building a new processing facility in Winnipeg that will derive protein from both canola and peas resulting in up to 17,000 metric tonnes of canola being purchased from Manitoba producers in its first year of operation and 10,000 metric tons of peas at an estimated value of $14 million. The state-of-the-art facility, which is scheduled to be completed in the first quarter of 2021, will be the only commercial facility in … About Merit Functional Foods 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. ST. LOUIS — Bunge Ltd. has made a $30 million capital investment in Merit Functional Foods, giving the ingredient supplier a minority interest in the Canadian-based company. Merit's product portfolio of pea and canola protein ingredients supports the growing need for highly functional and taste-forward plant-based applications. Personnel Changes At This Company. Bunge, an international agribusiness and food company headquartered in Missouri, US, has made a C$30m (US$22.9m) capital investment in Merit, giving the global ingredient supplier a … WINNIPEG, Manitoba--(BUSINESS WIRE)--Merit Functional Foods announces today a new partnership with Bunge Limited that will bolster its mission … Forward looking statements or forward-looking information can be identified by words such as "anticipate," "intend," "plan," "goal," "project," "estimate," "expect," "believe", "future," "likely," "may," "should," "could", "will" and similar references to future periods. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. "Bunge also holds a deep knowledge of international commodity markets which will help reinforce our canola business globally.". 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 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. 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. Photo by Postmedia files. Protein production plant breaks ground in Centreport. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Canada-based Merit Functional Foods - a joint venture between plant protein tech specialist Burcon NutraScience and three veteran food industry executives – has … 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. 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. | Vancouver, BC, September 2, 2020--(T-Net)--Burcon NutraScience Corporation (TSX:BU), a technology leader in the development of plant-based proteins, announced that its joint venture company, Merit Functional Foods Corporation has received a $30 million investment from a new equity partner, Bunge Limited (NYSE: BG) ("Bunge"), a leading international agribusiness and food company. white-space: pre-wrap; /* CSS 2.1 */ In 2019, Burcon established Merit Functional Foods Corporation in a joint venture with three veteran food industry executives. Follow Company, Burcon JV Company, Merit Functional Foods, Partners with Bunge to Bring Pea and Canola Protein to Market. By Martin Cash. Rachelle Catellier. It will be the only commercial-scale facility capable of producing food-grade canola protein in the world. white-space: -hp-pre-wrap; /* HP printers */ 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. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Founded in 1818, Bunge's expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. As a result of these transactions, Bunge is a 25% shareholder in Merit, and Burcon is now Merit Foods largest shareholder owning 33.3% of the plant-based protein producer. Its entire portfolio aligns with a number of consumer label preferences, including allergen-free, gluten-free, non-dairy, non-GMO, non-soy and vegan. 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. Burcon Agrees to Terminate Clarisoy License Agreement with ADM, Burcon Announces Appointment of Debora Fang to Its Board of Directors, Want More Burcon NutraScience Corporation News? Burcon seeks to improve the health and wellness of global consumers through the discovery and development of sustainable, functional and renewable plant-based products for the global food and beverage industries. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 733-0896, Toll-free ( 888 ) 408-7960, Legal notice | Terms of |. 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