BYND - Burcon NutraScience: Compelling Pure-Play On Large And Expanding Plant-Protein Megatrend

• Burcon’s best-in-class plant-protein technology has attracted heavyweights including world’s largest food company as a customer (Nestlé) and a global leader in agricultural processing as a JV equity partner (Bunge).
• Evolution from technology play into technology and production play via Merit JV represents major turning point in Burcon’s history. Potential sales from Merit impressive, and Burcon has multiple additional opportunities.
• Expect upcoming launch of Merit’s commercial plant to be catalyst; plant will be the first to deliver high-purity protein from canola and will provide purest pea-based protein on the market.
• Merit JV has a collaboration with Symrise to create “best-in-class meat alternative concepts” for “next-generation meat alternatives”.
• Potential beneficiary of rising ESG-driven investment trend: “It's rare that an idea or solution comes along that solves a variety of problems facing the world. Plant-based proteins is one of those.”.

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