Burcon NutraScience Corp (BRCNF)

[chipboarder]

BRCN earnings expected July 5th.....Q4 2021 and year end. Obviously burning cash Q1-Q3 but will be interesting to see if Q4 is profitable. All depends on Merit results...if Merit loses $2 million, our share (30%) will be $600k and will show up on the income statement. Welcome to the pluses and minuses of partial ownership.

If they make $2 million, we get the $600k plus the royalty on the technology..

Don’t think Merit will be profitable yet since they are staffing up prior to actually processing a significant number of orders.....costs always ramp up before revenues hit.

Primarily looking for hints of Merit’s expansion plans (and timing)...new capacity needs 6-12 months lead so I want them to be surprised by their success and begin next stage. They need to be pre-emptive in their thinking.