who owns merit functional foods?

Merit’s product portfolio currently consists of three product family offerings: pea protein, non-GMO canola protein, and MeritPro™, a unique lineup of nutritionally complete protein blends. 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. 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. 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. white-space: pre-line; /* CSS 3 (and 2.1) */ overflow: none; 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. All statements other than statements of historical fact included in this release are forward-looking statements, including, without limitation, statements regarding the expected use of proceeds contained in this press release. Registration on or use of this website constitutes acceptance of our Terms of Use. 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. The interest free loan, repayable over 10 years, was approved under Agriculture and Agri-Food Canada’s AgriInnovate Program. 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. Displayed here are job ads that match your query. 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. Founded: 1999 | Revenues: $0.01 Million, New Job Listings Posted By This Company Its entire portfolio aligns with a number of consumer label preferences, including allergen-free, gluten-free, non-dairy, non-GMO, non-soy and vegan. 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). Canadian plant-based company Merit Functional Foods is partnering with Bunge Limited. white-space: pre-wrap; /* CSS 2.1 */ 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… In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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 … Merit's product portfolio of pea and canola protein ingredients supports the growing need for highly functional and taste-forward plant-based applications. Sort by: relevance - date. Indeed may be compensated by these employers, helping keep Indeed free for job seekers. The partnership will expedite the construction of Merit’s plant-based protein facility in Winnipeg, Man., where it will produce novel pea and canola protein ingredients. 15 Employees In BC (15 Total) 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. About Merit Functional Foods Dan Kraft Vice President Operations at Merit Functional Foods Winnipeg, MB. 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. 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 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. Rachelle Catellier. padding-left: 0px; Merit is building a state-of-the-art production facility in Winnipeg, where it will produce a portfolio of pea and canola protein ingredients with exceptional functional and nutritional values. Founded: 1999 | Revenues: $0.01 Million 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.. Construction is well underway, and the plant is on track to be fully operational by December 2020. white-space: -moz-pre-wrap; /* Mozilla */ 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. Forward-Looking Information Cautionary Statement. Burcon is a global technology leader in the development of plant-based proteins. 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. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. The state-of-the-art facility, which is scheduled to be completed in Q4 2020 will be the only commercial facility in the world with the capability to produce food grade canola proteins. "Burcon is thrilled to have Bunge as an equity partner in Merit Foods," said Johann F. Tergesen, Burcon's president and chief executive officer, adding: "This secures the future for Merit, which will benefit greatly from Bunge's large canola origination footprint and multinational platform. Bunge's experience in selling canola-based products will complement Merit's patented processing technology. 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. Protein production plant breaks ground in Centreport. “With today’s announcement, Merit has further strengthened its financial position as it drives forward to complete its state-of-the-art plant protein production facility in Winnipeg,” said Johann F. Tergesen, Burcon’s president and chief executive officer, adding, “Merit fully anticipates future increases in demand and is well positioned to increase planned capacity when the time is right.”. In 2019, Burcon established Merit Functional Foods Corporation in a joint venture with three veteran food industry executives. 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. 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. David Shambrock. 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. For more information visit www.burcon.ca. JavaScript is disabled or not supported by your web browser. 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. Rachelle Catellier Regulatory and Logistics Specialist St-Pierre-Jolys, MB. 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. 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. Dan Kraft. Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg, Manitoba to produce high quality pea and canola proteins. The partnership will expedite the construction of Merit’s plant-based protein facility in Winnipeg, Man., where it will produce novel pea and canola protein ingredients. white-space: -hp-pre-wrap; /* HP printers */ white-space: -o-pre-wrap; /* Opera 7 */ Please Send me an Email Alert (With All of My Company Updates) On The Following Dates: .wrapme3 { All Rights Reserved. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. A rendering of Merit Functional Foods Corporation's 88,000-square-foot pea and canola protein extraction facility in the northwest area of Winnipeg. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Page 1 of 26 jobs. All statements other than statements of historical fact included in this release are forward-looking statements, including, without limitation, statements regarding the expected use of proceeds contained in this press release. Merit Functional Foods jobs. This financing will further support Merit Functional Foods’ growth plans and allow for expansion of their pea and canola protein capacity. Merit Functional Foods Corp. Winnipeg plant gets $100M in federal financing to pull protein from peas, canola. Vancouver, BC The Government of Canada announced Monday, June 22, 2020, financing of close to $100 million for the new Merit Functional Foods plant in Winnipeg. Burcon is involved in the development of plant-based proteins obtained pea, sunflower seed, canola, soy, and hemp. WINNIPEG, Manitoba--(BUSINESS WIRE)--Merit Functional Foods announces today a new partnership with Bunge Limited that will bolster its mission … Important factors that could cause actual results to differ materially from Burcon's plans and expectations include the actual results of business negotiations, marketing activities, adverse general economic, market or business conditions, regulatory changes and other risks and factors detailed herein and from time to time in the filings made by Burcon with securities regulators and stock exchanges, including in the section entitled "Risk Factors" in Burcon's annual information form dated June 29, 2020 filed with the Canadian securities administrators on www.sedar.com. ST. LOUIS — Bunge Ltd. has made a $300 million capital investment in Merit Functional Foods, giving the ingredient supplier a minority interest in the Canadian-based company. 15 Employees In BC (15 Total) Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under … Photo by Postmedia files. WINNIPEG, Manitoba (January 10, 2020) – Merit Functional Foods, in consortium with Pitura Seeds and The Winning Combination, announces today that it has received a co-investment from Protein Industries Canada (PIC), which will facilitate the rapid growth of the new company. The demand for plant-based foods and beverages including dairy and meat alternatives is rapidly increasing. 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. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. 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 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. The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Burcon is a global technology leader in the development of plant-based proteins. Article Sidebar. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. CLARISOY is a trademark of Archer Daniels Midland Company. Follow Company, Burcon JV Company, Merit Functional Foods, Partners with Bunge to Bring Pea and Canola Protein to Market. | Copyright | Terms of Use | Contact T-Net | Site Map. Vancouver (Biotech/Life Sciences) Bunge (www.bunge.com, NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. 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 … "We're excited to have a global partner like Bunge recognize our mission and assist us in accelerating our plans and path to launch," Merit's Co-CEO Ryan Bracken said. Merit Foods will disrupt the industry’s perception of plant-based protein with high quality functional ingredients that are unmatched in purity, superior in solubility and exceptional in taste. 1 2 3, Burcon NutraScience Corporation Senior Project Engineer at Merit Functional Foods Canada. The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. 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. 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