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Bullboard - Stock Discussion Forum Burcon NutraScience Corp T.BU

Alternate Symbol(s):  BRCNF

Burcon NutraScience Corporation is a Canada-based global technology company focused on the development of plant-based proteins for foods and beverages. The Company has an extensive patent portfolio covering its novel plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. The Company is engaged in the production of hemp protein isolate and... see more

TSX:BU - Post Discussion

Burcon NutraScience Corp > 3 big points in the numbers //Progress with NESTLE
View:
Post by fundmanager1944 on Jun 30, 2021 8:36am

3 big points in the numbers //Progress with NESTLE

royalty income up 700%

258,646     31,134

loss per share nearly ZERO
down from 6 cent to ONE

and NO other expenses as

       
414,005     721,851
785,957     846,137
Expenses        
Research and development 414,005     721,851
Intellectual property 785,957     846,137
General and administrative 3,654,142     2,186,273
  4,854,104     3,754,261


so no capaital costs for borrowed mony


+++++

In addition, Burcon's team of scientists and engineers continued to develop and tailor Merit's pea and canola proteins for use in Nestl's plant-based food and beverage offerings. Our team made significant progress in our development work for Nestl, the largest food and beverage company in the world, with the goal of Merit supplying Nestl with its innovative pea and canola protein ingredients. The collaboration between Nestl and Burcon/Merit Foods was designed to provide Nestl access to Burcon's unique expertise and a new range of high-quality plant-based protein ingredients.
Comment by Transat500 on Jun 30, 2021 8:43am
To your points, I would like to add : Management believes it has sufficient resources to fund its expected level of operations and working capital requirements to September 2023.  This estimate does not take into account potential proceeds from outstanding convertible securities or royalty revenues from its license agreement.
Comment by fundmanager1944 on Jun 30, 2021 9:16am
THX  - i agree 100%