Burcon NutraScience Corp - Company Profile
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Burcon NutraScience Corp (Burcon) develops and produces nutritious and functional plant-based proteins and ingredients for the global food and beverages industry. Its product portfolio includes soy protein, pea protein, and canola protein. Burcon markets its products under the brands of CLARISOY, Peazazz, Peazac, Supertein, Nutratein, and Puratein. These products are used in dairy alternative products, juices and smoothies, meat alternatives, nutrition bars, vegetarian and vegan products, and ready-to-drink beverages. The company’s pea proteins offer peas, which are high in protein, fiber, starch, vitamins, and minerals. Burcon is headquartered in Vancouver, Canada, and British Columbia.
Headquarters
Canada
Address
1946 Broadway W, Vancouver, British Columbia, V6J1Z2
Website
www.burcon.ca
Telephone
1 604 7330896
No of Employees
18
Industry
Ingredients
Ticker Symbol & Exchange
BU (TSE)
Revenue (2023)
$279,600
112.2%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-147.3%
(2023 vs 2022)
Market Cap*
$20.3M
Net Profit Margin (2023)
XYZ
-16.5%
(2023 vs 2022)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Canola Protein | Pilot Plant Services | CLARISOY |
| Soy Protein | Consulting and Contract Services | Peazazz |
| Pea Protein | Product and Process Development | Supertein |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Awards | In December, the company entered into an agreement with its partner manufacturer to provide the world's first high purity 95% hempseed isolate of protein to market. |
| 2023 | Contracts/Agreements | In July, the company partnered with HPS Food and Ingredients Inc. to explore the commercialization of Burcon's first-of-its-kind high purity, soluble hempseed protein isolate. |
| 2023 | Plans/Strategy | In March, the company announced its plans to acquire the business of Merit Functional Foods. |
Competitor Comparison
| Key Parameters | Burcon NutraScience Corp | Ingredion Inc | Balchem Corp | BioExx Specialty Proteins Ltd. | Immunotec Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | Canada | Canada |
| City | Vancouver | Westchester | Montvale | Toronto | Vaudreuil-Dorion |
| State/Province | British Columbia | Illinois | New Jersey | Ontario | Quebec |
| No. of Employees | 18 | 11,700 | 1,297 | 8 | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Peter H. Kappel | Chairman | Executive Board | 2022 | - |
| Kip Underwood | Chief Executive Officer | Senior Management | 2022 | - |
| Jade Cheng | Chief Financial Officer | Senior Management | - | - |
| Randy Willardsen | Senior Vice President - Process | Senior Management | - | - |
| Dorothy Law | Senior Vice President - Legal and Corporate Secretary | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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