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We should track order numbers… when you place an order give us your order number…
Just ordered ORDER #156799
Order #1989736
That looks like great news
https://mailchi.mp/cd4acc22cf03/burcon-reports-fiscal-2022-third-quarter-results?e=06281d28c3
Burcon Reports Fiscal 2022 Third Quarter Results
Vancouver, British Columbia, February 14, 2022 — Burcon NutraScience Corporation (“Burcon or the “Company”) (TSX: BU) (NASDAQ: BRCN), a global technology leader in the development of plant-based proteins for foods and beverages, reported results for the fiscal third quarter ended December 31, 2021.
Operational highlights for the third quarter ended December 31, 2021:
During the quarter, Burcon:
recorded a 41% quarter-over-quarter increase in royalty revenues from its licensee, Merit Functional Foods Corporation (“Merit”);
supported Merit in completing the commissioning of its first of its kind pea protein and canola protein production facility;
advanced Burcon’s pipeline of plant-based protein technologies through research and development work at its Winnipeg Technical Centre;
advanced the due diligence process and negotiations with a number of existing and new potential strategic partners on opportunities to commercialize Burcon’s innovative plant-based protein technologies; and
received eight patents covering the company’s novel technologies for the extraction and purification of pulse, soy and canola oilseed protein ingredients and the high-purity proteins produced therefrom. The company’s IP portfolio now consists of 307 issued patents in various countries, with 73 in the U.S., as well as 215 active patent applications, including 35 in the U.S.
During the quarter, Merit Foods:
announced that its first-of-its-kind pea and canola protein production facility in Winnipeg, Manitoba is fully scaled and commissioned;
achieved the production output threshold - as defined under the Amended and Restated License and Production Agreement with Burcon - for the Flex Production Facility to have attained commissioned status;
increased production output to reach over 80% of planned production capacity;
increased production and sales of its best-in-class pea and canola protein ingredients;
received an additional $4.95 million equity investment from its joint venture partner, Bunge Limited;
received a co-investment from Protein Industries Canada to develop high-quality plant-based meat alternative products using its pea and canola protein ingredients;
achieved an AA score with the British Retail Consortium (BRCGS) Global Food Safety Certification, a leading global quality and food safety program; and
continued to expand its sales pipeline through an aggressive sales outreach program as a plant-based protein ingredient solutions provider.
Subsequent to quarter-end:
Burcon announced it will transition to a new president and CEO; and
Burcon filed five additional US patent applications covering technologies for the production of sunflower seed protein and pulse protein ingredients.
Management Commentary
“During our fiscal 2022 third quarter, Burcon’s team supported Merit Functional Foods in resolving the final challenges to the process of commissioning Merit’s first-of-its-kind plant protein production facility,” said Johann F. Tergesen, Burcon’s president and chief executive officer, adding, “With commissioning of Phase 1 complete, Merit’s flex production facility is now capable of supplying leading food and beverage customers with true commercial-scale quantities of its highest purity pea and canola proteins. Merit is on track to achieve production targets, which will in-turn support Merit’s forecast for the sell-in phase with its consumer packaged goods (“CPG”) company customers. Merit forecasts to reach full allocation of its Phase 1 capacity by the end of calendar 2022.”
Merit’s protein sales increased 41% quarter over quarter yet remain disproportionately small compared to the potential production capability of Merit’s production facility. During calendar 2021, Merit’s focus was on completing the commissioning process, and ensuring protein product quality. As such, Merit was frequently occupied with incorporating processing modifications and reconfiguring its facility and was therefore unable to produce product for delivery to customers. However, in the last quarter, Merit has worked with and supported the quality assurance and safety audit teams of a number of major CPG companies as part of those entities’ procurement process. In addition, Merit continues to work closely with hundreds of CPG companies looking to develop new ingredient solutions or reformulate existing applications using Merit’s innovative pea and canola protein ingredients. Merit’s sales prospects are encouraging, and we expect to see many more consumer products using Merit’s proteins to be available on store shelves this coming year.
During the past quarter, our joint venture partner, Bunge Limited exercised its option under the Amended and Restated Unanimous Shareholders Agreement dated August 27, 2020, to invest an additional $4.95 million into Merit. Merit also received a further co-investment from Protein Industries Canada, amounting to one-half of the $7.6 million project cost of a new project aimed at developing innovative plant-based meat alternative products. Merit’s partners in the project include Winecrush Technology, Wamame Foods and Wismettac Asian Foods. The goal of the partnership is to develop and distribute throughout Europe, Asia and North America, a line of meat alternatives to pork and Wagyu beef. This is an excellent opportunity for Merit to showcase the versatility and functional capabilities of its high-purity pea and canola proteins in meat alternative applications.
During the quarter, Burcon continued discussions with potential joint venture partners interested in commercializing Burcon’s other innovative plant-based protein technologies. Burcon and its potential partners conducted further due diligence and carried out other activities in support of negotiating these potential partnerships during the quarter. We are confident our unique technologies for alternative protein sources, including sunflower seed, hemp and oats, arising from Burcon’s core protein extraction technology platform, produce valuable differentiated protein ingredient solutions.
Burcon’s patent team continued to strengthen our already substantial intellectual property portfolio with the addition of eight patents this quarter. The patents cover novel processes for the extraction and purification of protein ingredients arising from pulse, soy and canola crops. Subsequent to quarter-end, Burcon filed five additional US patent applications to further protect its high-value extraction technologies to produce protein from sunflower seed and pulse crops.
Subsequent to quarter-end, Burcon announced that after co-founding Burcon more than 23 years ago, Johann Tergesen will be stepping down as its president and CEO effective February 28, 2022. To ensure an orderly transition, he will continue as an advisor to the company and Burcon's board of directors. Burcon has engaged an executive search firm specializing in the food and agribusiness sectors, to assist in recruiting a new chief executive officer.
Financial Results (in Canadian dollars)
Royalty revenues from Merit totaled $45,000 in the third quarter, as compared to $32,000 in the previous quarter. The nominal royalty amounts reflect Merit’s ongoing commissioning process during the period.
Third quarter loss totaled $1.5 million or $0.01 per basic and diluted share. This compares to a loss of $1.1 million or $0.01 per basic and diluted share in the same year-ago quarter. Following the investment by Bunge Limited into Merit during the current quarter, Burcon recorded a dilution gain of $961,000 as a result of Burcon’s ownership interest in Merit decreasing from 33.3% to 31.6%.
Merit recorded sales revenues of $1.2 million during the quarter, representing sales of pea and canola protein products, as well as sales of commodity items and by-products.
Burcon recorded $1.2 million as its share of loss in Merit Foods for the third quarter of fiscal 2022, as compared to $460,000 in the same year-ago quarter. Merit Foods’ loss reflects its stage of development as it continued to commission the flex production facility during this quarter.
Gross research and development expenses totaled $895,000 for the three months ended December 31, 2021, as compared to $604,000 in the same year-ago quarter. The increase in R&D expenses is due mainly to higher stock-based compensation expense, salary increases and staff additions. The Company began deferring canola and pea development expenses from the second quarter of fiscal 2020. During the current quarter, Burcon allocated $623,000 of R&D costs to deferred development costs. As Burcon’s pea and canola technology that is under license to Merit is now capable of operating in the manner intended by management, Burcon will cease to the capitalization of costs to deferred costs related to its pea and canola technology and begin amortization of the intangible asset as of January 1, 2022.
Gross intellectual property expenses did not change significantly from the same year-ago quarter. During fiscal 2022 third quarter, Burcon allocated $192,000 of IP expenses to deferred costs. As noted above, Burcon will cease to capitalize intellectual property expenses related to its pea and canola technology and begin amortization of the intangible asset from January 1, 2022.
General and administrative expenses increased by $431,000 for the current fiscal quarter as compared to the same year-ago quarter. The increase is due mainly to higher stock-based compensation expense, staff additions, professional fees, investor relations and insurance expenses.
At December 31, 2021, cash balances totaled $9.4 million compared to $14.0 million at March 31, 2021. Management believes it has sufficient resources to fund its expected level of operations and working capital requirements to April 2023. This estimate does not take into account potential proceeds from outstanding convertible securities or royalty revenues from its license agreement.
Do you truly believe that?
Global Cannabis Net Revenue of $60.6 Million
Adjusted EBITDA Improved by 22% to a loss of $9.0 Million versus Q1 2022
Company Reaffirms Goal of Adjusted EBITDA Profitability by H1/2023
Transformation Plan Ahead of Schedule; Company Now Expects to Realize Upper End of $60 to $80 Million Range in Total Cost Savings by H1/2023; ~$60 Million Annualized Savings Implemented to Date
Company Remains #1 Canadian LP in Global Medical Cannabis; International Cannabis Revenue Increased 24% from Q1 2022
https://www.newswire.ca/news-releases/aurora-cannabis-announces-fiscal-2022-second-quarter-results-835243824.html
Maybe you should take a look at what happened once marijuana legal in Canada and rethink your statement
I'm not saying it's not going to explode once they start talking about legalization…
The study created a model of what might happen to a man or woman's longevity if they replaced a "typical Western diet" focused on red meat and processed foods with an "optimized diet" focused on eating less red and processed meat and more fruits and vegetables, legumes, whole grains and nuts
https://www.cnn.com/2022/02/08/health/longer-life-diet-wellness/index.html
Apparently I was also wrong... But I'm OK with that wrong
https://www.newswire.ca/news-releases/biosteel-introduces-its-clean-healthy-hydration-sports-drinks-to-nearly-15-000-new-stores-across-the-united-states-832837585.html
NEW YORK, Jan. 31, 2022 /CNW/ - BioSteel Sports Nutrition Inc. ("BioSteel") today announced a series of new deals with retailers that bring the brand's lineup of Clean. Healthy. Hydration. sports drinks to nearly 15,000 new stores across the United States. The new retailers include Albertsons Company, Food Lion, Giant Food, Publix, Stop & Shop, Rite Aid and Sheetz, as well as over 20 additional national, regional and local grocery, convenience and drug chains.
The lineup of five great-tasting flavors from BioSteel includes Mixed Berry, Blue Raspberry, Rainbow Twist, White Freeze and Peach Mango. (CNW Group/BioSteel Sports Nutrition Inc.)
The lineup of five great-tasting flavors from BioSteel includes Mixed Berry, Blue Raspberry, Rainbow Twist, White Freeze and Peach Mango. (CNW Group/BioSteel Sports Nutrition Inc.)
In each new location, BioSteel will provide customers with flexible options to meet their daily hydration needs, offering its ready to drink premium sports drinks as single units and in a new four pack with certain retailers. The lineup of five great-tasting flavors includes Blue Raspberry, Mixed Berry, Peach Mango, Rainbow Twist and White Freeze, and products are hitting shelves at these retailers now through February 2022.
"As we continue to introduce Clean. Healthy. Hydration. to consumers in the U.S., we're thrilled to be working with these new retailers to grow our presence on shelves and in communities throughout the country," said John Celenza, Co-CEO and Co-Founder of BioSteel. "We've seen strong growth and customer retention rates among athletes and health-conscious consumers, and with these new deals, we're able to make our sugar-free, ready to drink sports drinks even more accessible."
Founded in 2009 by Celenza and business partner and NHL veteran Michael Cammalleri, BioSteel has achieved a reputation for being the hydration product of choice for athletes and consumers looking for a healthy alternative. The brand is committed to using premium ingredients, maintaining product transparency and delivering essential nutrients needed to support daily hydration. Each electrolyte-packed sports drink comes in an eco-friendly 16.7 fl oz Tetra Pak. The range of delicious flavors includes Blue Raspberry, Mixed Berry, Peach Mango, Rainbow Twist and White Freeze to keep consumers hydrated throughout the day.
Spectrum Therapeutics
Thank you for your purchase!
Order #1974956
I sure hope so I had a lot of share to begin with and then I bought more on Tuesday
Why is a buck a share such a big issue?
Turns out my last order of the year wasn't my last order of the year.... On the medical side Spectrum now allows medical patients to order all their beverages now.....
This is my last order for the year Order #1957002
Hello
The stock prices down because the hype has gone away and the price is going down to more appropriate Price..... You're right it is growing quite nicely and expanding into the states so still growing quite well, in my opinion
I have tried almost all of the Products and very much like them other than the bacon... I eat various products 2 to 3 times a week
What do you think about Trulieve Cannabis buying us?
Does anyone have an opinion and whether we will buy Columbia Care?
No I have not tried that strain
Last order for the year… Order #1944186
If you're watching any of the cannabis Company stock performance… you would know that Cronos is not the only company withAMAZING rare Cannabinoids.... But we have sold all of our Cronos and almost all of our canopy stock
https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/the-very-good-food-company-achieves-record-revenue-in-october
VANCOUVER, British Columbia — The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY.V) (FSE: 0SI) (“ VERY GOOD ” or the “ Company “), a leading plant-based food technology company, today shared its exciting record performance in the month of October 2021. With sales of approximately C$1.5 million for the month, the Company saw an increase of 202% in revenue compared to the same month last year. VERY GOOD has seen steady growth as meat alternatives increase in popularity and consumers demand high quality plant-based options. This continued growth illustrates the stronghold that meat alternatives are forging in the food industry and how the unique offerings of the Company’s core brand, The Very Good Butchers, keep consumers coming back....
Broken record boring
and .... the earth is flat ... hehehehehe
I went into a local cannabis store the other day… I asked the guy behind the counter what company he sold the most product from and he said without a doubt by a mile it was canopy growth products
not sure I agree with this idea
Mike Tyson Is Getting Back Into The Cannabis Ring, Launches Tyson 2.0 With Columbia Care
https://www.benzinga.com/markets/cannabis/21/10/23649767/mike-tyson-is-getting-back-into-the-cannabis-ring-launches-tyson-2-0-with-columbia-care
the new ice tea's are absolutely delicious... and a good potency for a few beverages
Order #1918577
Yes I just read that. Fairly big discount
What is going on this morning… very good on the NASDAQ is down over 20%
apparently a lot of people.. 700,000 volume today so far, three times higher than average
All in very good food is now my largest investment holding
Thank you for your purchase!
Order #141668
Oxford Cannabinoid Technologies Signs Exclusive License Deal With Canopy Growth
Sept. 22, 2021 at 2:55 a.m. ET
By Sabela Ojea
Oxford Cannabinoid Technologies Holdings PLC said Wednesday that it has signed an exclusive worldwide license agreement with Canopy Growth Corp. allowing it to access Canopy's cannabinoid library, including 335 derivatives and 14 patent families.
OCT, which develops licensed prescription cannabinoid medicines, said it will pay Canopy an annual license fee plus additional payments based on developmental, regulatory and sales milestones and royalties on future sales.
https://www.marketwatch.com/story/oxford-cannabinoid-technologies-signs-exclusive-license-deal-with-canopy-growth-271632293763
because sometimes the deal doesn't go through or the deal changes… I got burned a little bit with the canopy / acreage deal. it made more sense financially do you own a acreage holding shares rather than canopy growth shares, but then they changed the deal and anyone holding acreage shares instead of canopy shares got burnt… nothing is for sure that is why people are still buying both companies
Spectrum Therapeutics
Thank you for your purchase!
Order #1898656
just put my first order in for the new ice tea's. I like that they're 5 mg I hope they're not too sweet
My mother who has never consumed cannabis loves tweeds two chocolate bars… I have a few friends that enjoy hounds tooth beverage. I have a few friends using spectrum oil for sleeping… I have two that love to tweedgummy's