News

Merit Functional Foods to open world’s first canola protein-processing facility late this year

The federally-backed research and development “supercluster” set up to boost Canada’s protein industries is funding work to wring more and better proteins out of canola seed.

Protein Industries Canada, Corteva Agriscience Canada and their industry partners making a key announcement for the Canola sector.

On Wednesday, Protein Industries Canada, along with industry partners, announced an investment of more than $27 million into a canola breeding project focused on making canola hybrids that produce high protein meal for downstream use.

A project to breed high-protein canola is expected to enhance Canadian canola’s value in global markets.

Project expected to enhance Canadian canola's value in global markets

The project will enhance the protein content of Canada's most important crop and open new markets

Project aims to improve quality of canola meal, making it more suitable for higher value markets

Canada’s Merit Functional Foods, in consortium with seed processor Pitura Seeds and health brand The Winning Combination, has raised new capital to rapidly expand its ability to meet market demand for plant-based proteins and by-products, including trending peas and canola.

A new round of funding for Burcon Nutrascience (Burcon Nutrascience Stock Quote, Chart, News TSX:BU) has Beacon Securities analyst Spencer Churchill raising his price target on the stock.