RE:Burcon is still looking goodFull approval. BU share prices are ridiculously low due to the current corona crisis, although the prospects remain excellent. Consider that Nestl, a giant in the food sector, has just entered into a comprehensive partnership that offers incredible opportunities for Burcon. The agreement covers both research and development on a broad portfolio of Nestl vegetable products, including vegetable alternatives for meat and dairy products, and the production of special pea and canola proteins in Merit Food's production plant in Winnipeg, which is currently under construction.
A big player like Nestl only selects the most potential partners for collaboration, that's for sure. So Burcon's partnership with the world's largest food company confirms the great expertise Burcon Nutrascience has built up over more than 20 years in food business.
Anyway, I've loaded my boat and will use every further dip down again. I firmly believe that at the slightest sign of recovery the stock rate will very quickly return to the old level or higher (C$ 2 + x). This should be clear to most investors who are still hesitating. Therefore, investors should take advantage of the market weakness in these days and buy the share now.
As a reminder: Last month BU closed a bought deal financing with gross proceeds of approximately C$ 11.5 million. "We are pleased to have completed this bought deal financing," said Johann F. Tergesen, Burcon's president and chief executive officer, adding, "The funds will enable Burcon to further accelerate our key opportunities and the development of our nutritious and great-tasting plant-based proteins."
Keep the faith
goodspeed