This announcement comes on the heels of the company’s debut at the 2019 SupplySide West trade show. It was incorporated on 15 May 2019 (Wednesday) in Canada and as of 15 May 2019 (Wednesday) is an active company. 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. Construction is well underway, and the plant is on track to be fully operational by December 2020. . A partnership agreement has been made by Burcon, Nestlé and Merit Functional Foods Corporation to tailor Burcon and Merit’s novel plant-based proteins for use in Nestlé food and beverage applications.. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … 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. Merit Functional Foods Corporation. 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. Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. Vancouver, British Columbia--(Newsfile Corp. - August 27, 2020) -  Burcon NutraScience Corporation (TSX:BU.TO) (OTCQB:BUROF) ("Burcon"), 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 Foods" or "Merit") has received a $30 million investment from a new equity partner, Bunge Limited (NYSE:BG) ("Bunge"), a leading international agribusiness and food company. It will be the only commercial-scale facility capable of producing food-grade canola protein in the world. All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2021. Merit Functional Foods | 4,080 followers on LinkedIn. Mar 2013 – Jun 2019 6 years 4 months. 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. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … For exchange delays and terms of use, please read disclaimer (will open in new tab). 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. Burcon NutraScience Corporation, a leader in plant proteins, announces that its joint venture company, Merit Functional Foods Corp, has secured a debt financing package up to $85 million of capital from a syndicate of lenders including Export Development Canada, Farm Credit Canada and the Canadian Imperial Bank of Commerce. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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 corporation record status is : Active In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Learn more at www.burcon.ca. 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. Established in 2019, Merit Functional Foods is … Merit Functional Foods has started construction of its $80 million 88,000 square foot canola and pea protein production facility near the airport in Winnipeg.Burcon NutraScience Corporation, a Canadian company and global technology leader in the development of plant-based proteins, is … 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. Learn more at www.burcon.ca. c/o Taylor McCaffrey LLP 900 - 400 St. Mary Avenue Winnipeg MB R3C 4K5 Canada. Corporation Number: 11412728. 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. Learn more at www.burcon.ca. (Submitted/Raymond S.C. Wan Architect Inc.) Plant protein, pure and simple. Winnipeg, Canada Area. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. | 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. Certificate of Incorporation    2019-05-14, Care of: In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Merit Functional Foods Corporation has been running for 1 years 8 months, and 1 days since it incoporated. Learn more at www.burcon.ca. Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. Burcon is a global technology leader in the development of plant-based proteins. For more information, visit meritfoods.com . The demand for plant-based foods and beverages including dairy and meat alternatives is rapidly increasing. "Bunge also holds a deep knowledge of international commodity markets which will help reinforce our canola business globally.". Merit's product portfolio of pea and canola protein ingredients supports the growing need for highly functional and taste-forward plant-based applications. Buyer; Buyer Organic; Consumer Sales; Processor; Processor Organic; Pulse Crops. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Bunge's experience in selling canola-based products will complement Merit's patented processing technology. 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 has said the joint agreement commences what is intended to be a long-term relationship among the parties covering ongoing innovation and the future supply of Burcon and Merit… In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Merit Functional Foods Corp. Winnipeg plant gets $100M in federal financing to pull protein from peas, canola. 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. A partnership agreement has been made by Burcon, Nestlé and Merit Functional Foods Corporation to tailor Burcon and Merit’s novel plant-based proteins for use in Nestlé food and beverage applications.. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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. Read more: * Nestle's news release * Merit's news release About Merit Functional Foods Corporation Established in 2019, Merit Functional Foods is … Investor Contact Paul Lam Manager, Business Development Burcon NutraScience Corporation Tel (604) 733-0896, Toll-free (888) 408-7960 plam@burcon.ca www.burcon.ca, Media Contact: Steve Campbell, APR President Campbell & Company Public Relations Tel (604) 888-5267 TECH@CCOM-PR.COM, To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62685. Merit Functional Foods Corporation has broken ground on its 88,000 square foot pea and canola protein extraction facility in Winnipeg, Manitoba that is expected to be completed by Q4 2020. There are 2 directors of this company. © Copyright 2021 The Globe and Mail Inc. All rights reserved. The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. DGAP-News: Burcon NutraScience Corporation / Key word(s): Miscellaneous Burcon: Merit Functional Foods Expanding Production Capacity 04.05.2020 / 14:10 The issuer is … The Company's current operating status is Active Merit Functional Foods Corporation has broken ground on its 88,000 square foot pea and canola protein extraction facility in Winnipeg, Manitoba that is expected to be completed by Q4 2020. Merit Functional Foods Corporation is a Not available corporation type , which located at Care of: Winnipeg, Manitoba, Canada. The company is headquartered in St. Louis, Missouri and has almost 25,000 employees worldwide who stand behind more than 350 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world. The Globe and Mail Inc. all rights reserved 1 years 8 months, and 1 since. 26 Merit Functional Foods was formed as a joint venture by Burcon and three veteran food executives. 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