01:02 PM EDT, 03/12/2024 (MT Newswires) -- Burcon NutraScience Corporation ( BRCNF ) which is developing plant-based proteins for foods and beverages, has received a co-investment from Protein Industries Canada (PIC) for the scale-up and commercialization of hempseed and sunflower seed protein.

Together with HPS Food & Ingredients and Puratos Canada, Burcon will lead the commercialization efforts for its hempseed and sunflower seed protein ingredients. The $6.9 million project includes a $3 million co-investment from PIC to support the commercial scale-up of these novel protein ingredients and the development into consumer food and beverage applications.

"With support from PIC, we can accelerate our commercial plans," said Kip Underwood, Burcon CEO. "This non-dilutive government funding not only strengthens our balance sheet but also positions us to meet the growing customer demand for our hemp and sunflower proteins. We are thrilled to introduce these exceptional proteins to the market and look forward to working closely with HPS and Puratos on this innovative project."

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