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Burcon Partners with HPS Food and Ingredients to Launch World's First Soluble Hempseed Protein Isolate
Creating a New Category for Hempseed-Based Protein Ingredients to Tap into New Markets Vancouver...
About this update from Burcon Nutrascience Corporation
[{"type":"text","content":"Burcon Partners with HPS Food and Ingredients to Launch World's First Soluble Hempseed Protein IsolateCreating a New Category for Hempseed-Based Protein Ingredients to Tap into New MarketsVancouver, British Columbia--(Newsfile Corp. - July 5, 2023) - Burcon NutraScience Corporation (TSX: BU) (\"Burcon\" or the \"Company\"), a global technology leader in the development of plant-based proteins for foods and beverages, is pleased to announce that it has partnered with HPS Food and Ingredients Inc. (\"HPS\"), a global leader in hempseed-based food ingredients, to explore the commercialization of Burcon's first-of-its-kind high purity, soluble hempseed protein isolate. This collaboration aims to capitalize on the thriving hempseed protein market trend and deliver exceptional plant-based protein solutions to customers worldwide.\"We are thrilled to partner with HPS to commercialize our hempseed protein isolate,\" said Kip Underwood, Burcon's chief executive officer. \"This collaboration marks an important milestone in our commitment to monetize our intellectual property, connect directly with customers, and exert more influence over the production of our innovative plant-based protein solutions. By joining forces with HPS, a premier leader in hempseed and plant-based ingredient solutions, we have an excellent partner with the resources to quickly get to market and meet the growing demand for sustainable, hempseed-based protein ingredients.\"Through this partnership, Burcon and HPS aim to leverage their combined expertise to accelerate market adoption of Burcon's hempseed protein isolate (the \"Product\"). The parties intend to begin market development, conduct due diligence and commercial validation trials of the Product. Following successful market development and validation trials, Burcon and HPS intend to negotiate a definitive agreement on a strategic partnership for the commercialization of the Product. By harnessing the power of innovation and collaboration, Burcon and HPS are poised to make a significant impact on the hempseed food industry and contribute to a more sustainable and healthier future.\"We are excited to partner with Burcon to launch the world's first soluble hempseed protein isolate,\" said Marc van Burck, HPS's chief executive officer. \"This partnership is an excellent marriage of our mutual expertise. Burcon's...