Burcon NutraScience: Hits record high on collaboration with Nestle

Burcon NutraScience

24/01/2020 16:34

** Developer of plant proteins' shares  BU.TO  rise as much
as 54.7% to hit record high of C$2.15; set for their best day in
over seven months
    ** Food group Nestle  NESN.S  teams up with Burcon and Merit
Functional Foods  urn:newsml:reuters.com:*:nZ8N21702P
    ** Collaboration to allow Nestle to tap into Burcon's
proprietary plant protein extraction and purification technology
    ** Burcon specializes in making novel plant-based proteins
derived from pea, canola, soy, hemp, sunflower seed and various
other crops
    ** Merit is building a commercial-scale production facility
to produce plant-based protein using Burcon's technology
    ** Stock has risen over six fold in the last 12 months, up
to Thursday's close

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com))