RE:what an outlookfundmanager1944 wrote:
https://www.foodbusinessnews.net/articles/19347-global-plant-protein-market-could-hit-162-billion-by-2030
from the cc transcript
Merit began to fulfill commercial sales orders to customers on three continents towards best-in-class pea and canola protein ingredients. This marks yet another significant milestone in Burcon’s development, as Merit is now the world's first and only supplier of these novel protein ingredients for the global food and beverage ingredient market. These developments constitute a true watershed moment for canola protein. We're thrilled that Merit is now introducing canola protein to the world, an entirely new class of plant-based proteins that offer high nutritional value, neutral flavor and valuable functional capabilities.
As we discussed in our previous conference call, Merit is currently focused on a process of optimizing the processing conditions at its new state-of-the-art facility for the production of both its pea and canola protein and Burcon team members are directly involved in supporting there in this optimization process.
We expect this process of refinement and process improvement to continue throughout Merit’s ramp up phase. And as Merit works to fine tune the production facility to maximize output and yield. It is appropriate to say that from a production and sales perspective, Merit is now out of the starting gate and we anticipate production levels and sales volumes will increase on a quarter-over-quarter basis going forward from here. Amongst all the exciting developments of the past quarter, including Merit’s first end-to-end canola protein production and then first protein product sales were most thrilled by the knowledge that Merit’s protein ingredients are just now starting to be formulated into consumer food and beverage products.
And in fact, those consumer products are starting to appear on store shelves and those same products are now being purchased and taken home and enjoyed by consumers. Over the coming quarters, as Merit continues to ramp up and rollout their pea and canola protein ingredients, we’re excited to look forward to seeing more and more consumed products formulated with Merit’s best-in-class proteins, hitting store shelves.