One of the founding partners in Merit Functional Foods says it is joining forces with a group of investors on a plan to purchase an existing plant protein production facility in early 2025. Burcon NutraScience Corporation — a B.C.-based publicly-traded company that owns a patented plant protein extraction process — isn’t saying which facility it… Read More
Tag: Burcon Nutrascience
Update: Merit Functional Foods was placed in receivership on March 1. Read more here. Creditors for Merit Functional Foods are asking the Court of King’s Bench in Manitoba to appoint a receiver for the plant protein processing company. Export Development Canada and Farm Credit Canada have filed an application for the appointment of a receiver,… Read More
Prime Minister Justin Trudeau announced $90 million in government financing — mostly loans — for the Merit Functional Foods plant protein facility that’s being built at Winnipeg, Man. as part of his morning address on Monday (June 22). Merit Functional Foods is building a commercial-scale protein extraction plant that will process peas and canola into… Read More