Plant-based protein stock ramps up path to profitability
Burcon NutraScience (TSX:BU), a plant-based protein stock, signed a C$6.8 million multi-year production agreement with a top provider of clean label, plant-based ingredients
Burcon's record for annual revenue over the past five years stands at C$360,000
Burcon NutraScience stock has added 76.8 per cent year-to-date but remains down by 27.2 per cent year-over-year
Burcon NutraScience (TSX:BU), a plant-based protein stock, signed a C$6.8 million multi-year production agreement with a top provider of clean label, plant-based ingredients.
Burcon expects production during the first year, which began in Q2 2025, to generate a minimum of C$1.4 million in revenue, with this figure set to rise as production ramps up through the end of the year.
The agreement represents a significant increase in revenue for Burcon, following the beginning of commercial production announced earlier this month, with the company achieving a 5-year annual high of C$360,000 for all of 2023.
According to Tuesday's news release, management estimates that operations will generate C$1 million to C$3 million in revenue in calendar 2025, surpassing C$10 million in 2026 while reaching positive cash flow, thanks to the benefits of scale and a robust supply agreement pipeline. Leadership insights
'We're pleased to secure a significant revenue stream using the production capabilities of the Galesburg facility,' Kip Underwood, Burcon's chief executive officer, said in a statement. 'This agreement represents a major step in Burcon's road to profitability and supports our revenue target for calendar 2025. We look forward to building a long and successful relationship with this customer.' About Burcon NutraScience
Burcon is a global technology company specializing in plant-based proteins for the food and beverage industry. The company's patent portfolio includes proteins derived from pea, canola, soy, hemp and sunflower, among other plant sources.
The plant-based protein stock (TSX:BU) is up by 8.02 per cent trading at C$2.83 as of 10:18 am ET. The stock has added 76.8 per cent year-to-date but remains down by 27.2 per cent year-over-year.
Join the discussion: Find out what everybody's saying about this plant-based protein stock on the Burcon NutraScience Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
2 days ago
- Cision Canada
Parkland Corporation Announces Execution of Supplemental Indentures for Senior Notes in Connection with the Consent Solicitations
CALGARY, AB, June 20, 2025 /CNW/ - Parkland Corporation (TSX: PKI) ("Parkland") today announced that in connection with the successful completion of its previously announced consent solicitations, Parkland, the applicable Guarantors and the applicable trustees have executed supplemental indentures (the "Supplemental Indentures") to amend the indentures (the "Indentures") governing the notes listed below (the "Notes"). The consent solicitations were made in connection with Parkland's definitive agreement whereby Sunoco LP ("Sunoco") will acquire the issued and outstanding common shares of Parkland (the "Transaction"), which was previously announced on May 5, 2025. The Supplemental Indentures amended the Indentures by (collectively, the "COC Amendments"): (a) eliminating Parkland's potential obligation under such Indenture to make a "Change of Control Offer" (as defined in such Indenture) as a result of the Transaction; and (b) amending the defined term "Change of Control" in such Indenture to provide that Sunoco and its affiliates will be "Qualified Owners" of Parkland. The Supplemental Indentures became effective upon their execution and are binding on all Holders, as defined in that certain consent solicitation statement issued on May 27, 2025 (the "Consent Solicitation Statement"), including those who did not deliver a consent at or prior to the Expiration Date, as defined in the Consent Solicitation Statement. The COC Amendments will cease to become operative if the Transaction is not consummated or if the applicable consent fees are not paid to the applicable depositary or tabulation agent. This press release is for informational purposes only and does not amend the consent solicitations, which have expired and were made solely on the terms and subject to the conditions set forth in the consent solicitation statement. Further, this press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities. Please refer to the earlier press releases dated May 27, 2025 and June 10, 2025, in connection with the consent solicitations for more information. Forward-Looking Statements Certain statements contained herein constitute forward-looking information and statements (collectively, "forward-looking statements"). When used in this news release, the words "believes", "expects", "expected", "will", "plan", "intends", "target", "would", "seek", "could", "projects", "projected", "anticipates", "estimates", "continues" and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the Transaction. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include statements regarding the consummation of the Transaction. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties. For more information, please see the risks and uncertainties described under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" in Parkland's current Annual Information Form dated March 5, 2025, and under the headings "Forward-Looking Information" and "Risk Factors" included in the Q1 2025 Management's Discussion and Analysis dated May 5, 2025, each as filed on SEDAR+ and available on Parkland's website at The forward-looking statements contained herein are expressly qualified by this cautionary statement. About Parkland Corporation Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in 26 countries across the Americas. Our retail network meets the fuel and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers' needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, we have developed supply, distribution and trading capabilities to accelerate growth and business performance.
Winnipeg Free Press
2 days ago
- Winnipeg Free Press
S&P/TSX composite ends lower, U.S. stock markets mixed
TORONTO – Canada's main stock index lost steam through the trading day on Friday to close lower, while U.S. stock markets were mixed. The S&P/TSX composite index was down 8.43 points at 26,497.57. In New York, the Dow Jones industrial average was up 35.16 points at 42,206.82. The S&P 500 index was down 13.03 points at 5,967.84, while the Nasdaq composite was down 98.86 points at 19,447.41. The Canadian dollar traded for 72.84 cents US compared with 72.87 cents US on Thursday. The August crude oil contract was up 34 cents US at US$73.84 per barrel and the July natural gas contract was down 14 cents US at US$3.85 per mmBTU. The August gold contract was down US$22.40 at US$3,385.70 an ounce and the July copper contract was down two cents US at US$4.83 a pound. This report by The Canadian Press was first published June 20, 2025. Companies in this story: (TSX: GSPTSE, TSX: CADUSD)
Cision Canada
2 days ago
- Cision Canada
Thinkific Announces Results of Annual General Meeting of Shareholders
VANCOUVER, BC, June 20, 2025 /CNW/ - Thinkific Labs Inc. (" Thinkific" or the " Company") (TSX: THNC) is pleased to announce results from its annual general meeting of shareholders (the " Meeting") held today. At the Meeting, by resolutions passed by ballot vote, the seven (7) nominees proposed by management for election to the Board of Directors at the Meeting and listed in the Company's management information circular dated May 6, 2025, were elected. The directors will remain in office until the next annual general meeting of shareholders, or until their successors are elected or appointed. The results of the vote are set forth below: The final item of business at the Meeting was to appoint KPMG LLP, Chartered Professional Accountants (" KPMG"), as auditor of the Company for the ensuing year and to authorize the directors to fix the remuneration of the auditor. By resolution passed by ballot vote, KPMG was appointed as the auditor of the Company for the ensuing year. The results of the vote are set forth below: About Thinkific Thinkific (TSX: THNC) is an award-winning learning commerce platform where courses and community come together to power business growth. Thinkific gives academies, experts, and businesses everything they need to create and sell online learning experiences, build communities, and grow their revenue — all from one platform. More than 35,000 customers — including companies like GoDaddy, Nasdaq, ActiveCampaign, and Datadog — have generated billions in revenue using Thinkific, impacting more than 200 million people worldwide. For more information, please visit SOURCE Thinkific Labs Inc.
