RE:Canaccord retiredcf wrote: Fundmanager - I recommend that you put the guy on ignore and move on. Otherwise the BB becomes a wasteland of reposting and back and forth. GLTA
2/18/2021 Canaccord Genuity Boost Price Target NA C$6.50
and B E A C O N, too --- 8.00 CAD
Beacon Upgrade 2021 will be an inflection point in the history of Burcon. As noted above, it will soon be generating royalty revenue and participate in its share of the profit of Merit (33% ownership stake). Merit will likely expand the facility, which will lead to greater royalty revenues and share of profits. Furthermore, additional JV’s could be the offing to drive value outside of the Merit relationship. We wonder what Bunge is thinking at this moment? Its 25% ownership stake in Merit doesn’t seen to jive with its focus on plant-based proteins and ESG, which augers for increased involvement. In our view, the best way forward for BG is to buy BU and get majority ownership in Merit and control the technology. Given the potential for further value creation outside of Merit, we would advice BG to move sooner than later. Maintain Buy and raise target to $8.00 from $6.50