Burcon NutraScience Corp T.BU

Alternate Symbol(s): BRCNF

Chemicals Specialty Chemicals

Burcon NutraScience Corporation is a Canada-based technology company. The Company is engaged in the development of plant-based proteins for foods and beverages. The Company has a patent portfolio covering its specialty plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. The Company is involved in the production, sales, marketing and distribution of pulse protein ingredients, including Peazazz and Peazac pea proteins and its canola proteins, Supertein, Puratein and Nutratein (collectively, the Products). The Company's subsidiary is Burcon NutraScience (MB) Corp., which is engaged in the research and development.

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Burcon NutraScience Corp > earnings

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Comment by fundmanager1944on Nov 15, 2021 4:45pm

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Post# 34129126

RE:RE:earnings

imartin wrote:
What was the royalty share again? 20 %?
Burcon made CAD32,000 from royalties, so at 20 % that means that during Q2, Merit sold protein for CAD160,000. 90,000 in the quarter before.

I was expecting much more, although the company communicated recently that only now, after commissioning is completed, larger orders are being fullfilled. So those CAD160,000 likely are the result of many smaller orders by companies that are trying out Merit's proteins on a small scale.

One good thing I guess is the smaller loss of CAD1.4M compared to CAD3.2M in the quarter before.

Agreed - AND that there is plenty of money left - until mid 2023
and this is calculated WITHOUT coming royalties

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle