The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. The construction plan for the pea and canola protein plant by Merit Functional Foods Corp. has already expanded to 88,000 square feet, 30 per cent larger than was anticipated. Celularity is expected to go public later this year via a SPAC merger with GX Acquisition Corp. Those wells must be drilled within five years of being added to a company’s books. I don’t know if my 3-year-old daughter will go to college, so would saving through my retirement account be more flexible than starting a 529 plan? The company offers pea-protein and canola-protein products. But the real boom could be set to take off beginning January 20th. Nestle teams up with Canadian plant-based ingredient makers Burcon and Merit Functional Foods . Citing people familiar with the matter, the WSJ report said several people involved in valuing the asset complained that they were being forced to use unrealistic assumptions about how quickly the company could drill wells in the Permian Basin to arrive at a higher value. Merit Functional Foods, Manitoba, Winnipeg, and its technology partner Burcon NutraScience, Vancouver, British Columbia, said they have entered into a joint development agreement with Vevey, Switzerland-based Nestlé. The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. Wells Fargo posts better-than-expected fourth-quarter earnings though revenue falls steeply as a drop in consumer and business lending is offset by home lending. What is at least slightly different about Vanguard’s perspective is that its model suggests that investors have been correct in shunning value stocks, at least until the last few years. https://www.newsfilecorp.com/release/58255, Oil Drops With Flurry of Weak U.S. Economic Indicators, Stocks Extend Losses; Oil Falls While Dollar Gains: Markets Wrap, U.S. Consumer Sentiment Posts Moderate Pullback in January, Citi’s Bond Trading Misses Estimates as 2020’s Surge Weakens, Joe Biden's $1.9 trillion stimulus plan could wreck Wall Street's favorite money-making trade, U.S. Stock Futures Decline After Biden’s Spending-Bill Proposal, Man Who Bought Netflix at $7.78 Says Buy This Now, Value stocks are about to come out of their coma, says index fund powerhouse Vanguard, Stock market news live updates: Stocks fall as investors eye $1.9 trillion stimulus proposal, retail sales disappoint, Apple bear throws cold water on ‘supercycle’ story despite strong holiday momentum, Finance PhD: “You have weeks to move your money”, Bank of America's 8 Best Stocks to Buy in Q1, Exxon Declines After Report of SEC Probe into Permian Valuation. These are currently worth around $121 million, going by NantKwest’s recent share price. Investor ContactPaul LamManager, Business DevelopmentBurcon NutraScience CorporationTel (604) 733-0896, Toll-free (888) 408-7960plam@burcon.cawww.burcon.ca, Media Contact:Steve Campbell, APRPresidentCampbell & Company Public RelationsTel (604) 888-5267TECH@CCOM-PR.COM, To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62685. stocks have pushed to record after record since the vaccine approvals and Biden’s election in November. Reference Number: 921775. Invest $5,000 in crypto and get a bonus $500. His agenda, including ambitious aid and a follow-up plan to spend on projects such as infrastructure, got a boost Jan. 5 when Democrats won control of the Senate.Vice President Kamala Harris’ vote should help seal Democratic wins on issues that require a simple majority for passage in the evenly split upper house. Rod Nickel and Silke Koltrowitz. The idea that value stocks are finally about to awaken after a decadelong slumber is almost a joke in financial circles. His agenda, including ambitious aid and a follow-up plan to spend on projects such as infrastructure, got a boost Jan. 5 when Democrats won control of the Senate.Vice President Kamala Harris’ vote should help seal Democratic wins on issues that require a simple majority for passage in the evenly split upper house. At least one employee how complained was fired last year, the WSJ report said. Other Covid-19 candidates include COVIGUARD - a SARS-CoV-2 neutralizing antibody, COVI-AMG - an affinity-matured version of the COVIGUARD neutralizing antibody, a neutralizing antibody cocktail named COVI-SHIELD and COVIDTRAP, an ACE2 receptor decoy, intended to imitate the mammalian ACE2 receptor that acts as the primary portal for the SARS-CoV-2 virus to penetrate human cells. Here are analysts' top stocks to buy in the first quarter.The S&P 500 closed out 2020 at all-time highs on optimism surrounding additional government stimulus measures and a potential global economic rebound in 2021. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. https://www.newsfilecorp.com/release/62685, Oil Drops With Flurry of Weak U.S. Economic Indicators, Stocks Extend Losses; Oil Falls While Dollar Gains: Markets Wrap, U.S. Consumer Sentiment Posts Moderate Pullback in January, Citi’s Bond Trading Misses Estimates as 2020’s Surge Weakens, Joe Biden's $1.9 trillion stimulus plan could wreck Wall Street's favorite money-making trade, U.S. Stock Futures Decline After Biden’s Spending-Bill Proposal, What Is The Best Biotech Stock To Buy Right Now, Value stocks are about to come out of their coma, says index fund powerhouse Vanguard, Stock market news live updates: Stocks fall as investors eye $1.9 trillion stimulus proposal, retail sales disappoint, Apple bear throws cold water on ‘supercycle’ story despite strong holiday momentum, "Little-Known Tech" Behind Electric Vehicle Boom, Bank of America's 8 Best Stocks to Buy in Q1, Exxon Declines After Report of SEC Probe into Permian Valuation. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements or information. Other Covid-19 candidates include COVIGUARD - a SARS-CoV-2 neutralizing antibody, COVI-AMG - an affinity-matured version of the COVIGUARD neutralizing antibody, a neutralizing antibody cocktail named COVI-SHIELD and COVIDTRAP, an ACE2 receptor decoy, intended to imitate the mammalian ACE2 receptor that acts as the primary portal for the SARS-CoV-2 virus to penetrate human cells. It has run up 46.0% over the past three months through Thursday, while the SPDR Energy Select Sector ETF has advanced 44.0% and the S&P 500 has gained 9.0%. The issue was resolved without any action being taken.The SEC requires oil companies to report with reasonable certainty the volume of reserves in wells that are profitable at a price set by the agency the year before. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Exxon Mobil's stock had soared 22.1% amid a 9-day win streak, to close Thursday at a 7-month high. The SEC declined to comment. Bunge Ltd., Chesterfield, Mo., made a 30 million Canadian-dollar capital investment in Merit Functional Foods, Winnipeg, Manitoba, giving the global ingredient supplier a minority interest in the Canadian company. Before the rule change, there was a series of reserve scandals that involved Royal Dutch Shell Plc, which the agency fined $120 million in 2004, leading to the exit of top executives, and a few years later El Paso Corp., which settled charges for inflating reserves. Shaun Crew | Ste Agathe, Manitoba, Canada | Director at Merit Functional Foods | 500+ connections | View Shaun's homepage, profile, activity, articles Takes 2 minutes to see top 5 lenders that will likely approve your loan and offer you a super low rate. This financing will further support Merit Functional Foods' growth plans and allow for expansion of their pea and canola protein capacity. The financing will support Merit Functional Foods’ growth plans and allow … Bunge's experience in selling canola-based products will complement Merit's patented processing technology. In addition to purchasing equity directly from Merit, Bunge purchased additional shares and debt from existing Merit shareholders who are Burcon's joint venture partners. It will be the only commercial-scale facility capable of producing food-grade canola protein in the world. Winnipeg … I don’t know if my 3-year-old daughter will go to college, so would saving through my retirement account be more flexible than starting a 529 plan? Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. The ESG mega-trend sent trillions of dollars pouring in last year. “And that is before the remake America bills come through with the almost certain increases in taxes.”The record climbs in stocks have stretched valuations to levels not seen in two decades, prompting warnings of a bubble that will lead to a rapid selloff. JPMorgan posts big Q4 earnings beat, releases credit reserves amid 'economic uncertainty', Playtika IPO Seeks $1.6 Billion; $10 Billion Value For Game Developer, Wells Fargo Beats on Earnings but Misses Revenue Forecasts. And by … For 18 years, Motley Fool has an average stock pick return of 546% (from March '02 - Dec '20)* tripling the S&P 500 in the same period! Disclaimer: The opinions expressed in this article are solely those of the featured analyst. At least one employee how complained was fired last year, the WSJ report said. Diversify your assets, with crypto. The merged company’s equity value following the transaction’s closure will land at roughly $1.7 billion. With this transaction, Burcon is aligned with a leader in the global food ingredients industry, expanding Merit's reach to new customers and consumers in Canada, North America and worldwide.". Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg, Manitoba to produce high quality pea and canola proteins. Apple Inc. may be set up to report a strong holiday quarter, but that's not enough to warrant a rosy view of the stock, according to one analyst. The issue was resolved without any action being taken.The SEC requires oil companies to report with reasonable certainty the volume of reserves in wells that are profitable at a price set by the agency the year before. “We believe that the incentive to facilitate the large-scale and indeed ubiquitous deployment of the COVI-TRACE test is extremely high and governments worldwide may seek to implement this in their respective regions,” the 5-star analyst opined. Although Burcon believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and accordingly, investors should not rely on such statements. Merit Functional Foods | 4,151 followers on LinkedIn. It has been relatively quiet when it comes to other analyst activity. Bunge has made a $30 million dollar capital investment in Merit, giving the global ingredient supplier a minority interest in the Canadian-based company. Bunge (www.bunge.com) (NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Founded in 1818, Bunge's expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. The Prime Minister of Canada Justin Trudeau has announced a $100 million investment for the vegan food industry.. Trudeau has allocated the money to Merit Functional Foods — a company in Winnipeg that produces plant-based proteins. Head Office: 111 Peter Street Toronto, M5V 2H1 416-364-4999 | info@merit.ca. This announcement comes on the heels of the company’s debut at the 2019 SupplySide West trade show. Based on the $25.50 average price target, shares could climb 219% higher in the next twelve months. Burcon is a global technology leader in the development of plant-based proteins. Wells Fargo posts better-than-expected fourth-quarter earnings though revenue falls steeply as a drop in consumer and business lending is offset by home lending. The major U.S. equity-indexes are hovering around all-time highs, and a question that frequently pops up these days, is whether some companies’ valuations might be overstretched. The processing of the new products will occur at Merit Functional Foods state-of-the-art Plant Protein facility currently being constructed in Winnipeg. The transaction is expected to close in 1H21. The federal government is helping finance an innovative, new agricultural production plant in Winnipeg that turns peas and canola into protein powders for the food industry. Private Manitoba Companies . “We’re excited to have a global partner like Bunge recognize our mission and assist us in accelerating our plans and path to launch,” said Merit Co CEO Ryan Bracken. The health care sector outperformed and was the only industry group firmly in the green.The Fed’s largesse and prior federal spending packages worth almost $3 trillion have powered a 70% gain in U.S. stocks from the pandemic lows in March. It cited 59 U.S.-listed stocks that are trading at prices that are more than 10 times sales and have more than doubled in the past three months. Established in 2019, Merit Functional Foods is committed to exceeding expectations for plant-based protein, providing the market with the highest quality protein ingredients and blends that offer unmatched purity, exceptional taste, and excellent solubility. (Art Babych/Shutterstock.com) $100 Million Vegan Food Investment Announced By Canadian Prime Minister. The federal government is helping finance an innovative, new agricultural production plant in Winnipeg that turns peas and canola into protein powders for the food industry. Shares of Exxon Mobil Corp. dropped 2.3% in premarket trading Friday, putting them on track for their first decline in 10 sessions, after The Wall Street Journal reported the Securities and Exchange Commission has launched an investigation into allegations that an employee of the oil giant overstated the value of a key Permian Basin asset. Several major project milestones have been completed or are in progress: the facility's superstructure was assembled in May, and the initial placement of equipment and enclosure of the … The processing of the new products will occur at Merit Functional Foods state-of-the-art Plant Protein facility currently being constructed in Winnipeg. In a note titled “This Is Ludicrous,” Bespoke Investment Group summed up the recent action. Supplied. The only Biotech companies anyone should look at, are companies with good potential for a buy-out, or major funding potential. In three years, Merit Functional Foods expects that amount to increase up to 35,000 metric … Here's a list featuring GRWG stock, Square, Daqo and four other stocks expecting up to 156% growth. Important factors that could cause actual results to differ materially from Burcon's plans and expectations include the actual results of business negotiations, marketing activities, adverse general economic, market or business conditions, regulatory changes and other risks and factors detailed herein and from time to time in the filings made by Burcon with securities regulators and stock exchanges, including in the section entitled "Risk Factors" in Burcon's annual information form dated June 28, 2019 filed with the Canadian securities administrators on www.sedar.com. Browse their menu and store hours. About Merit Functional Foods. It is claimed to be the world’s first commercial canola-protein manufacturing plant. H.C. Wainwright analyst Ram Selvaraju points in the direction of Sorrento Therapeutics (SRNE), as one such company. In just one year of being in the protein game, the company has secured multi-million dollar funding agreements , broken ground on a new 94,000 square foot processing facility and signed new partnerships, including with Nestlé, the world’s largest food … The calculations take into account the rate at which a well’s production is likely to decline, how closely the wells are drilled, land and capital costs, as well as the price per barrel of crude.The SEC adopted new reporting rules in 2009, lobbied by Chesapeake Energy Corp. and others who said the old ones weren’t fit for the coming shale boom. For a limited time, when you buy $5,000 of crypto on eToro, you’ll get a bonus $500. It’s a difficult case to prove, as oil companies are allowed to set their own assumptions on asset valuation, but suggests the company’s pre-pandemic plan to double underlying earnings by 2025 may be more aspirational than tangible.”\-- Fernando Valle, BI analystRead the research here.It’s not the first time Exxon has been probed by the SEC over how it values assets. The production facility is expected to be completed by the fourth quarter of 2020. See What Whole Mouth Dental Implants Should Cost, Fastest-Growing Stocks: Square Stock Among 7 Stocks Expecting Up To 156% Growth In 2021, Four things that could pop the 'rational bubble' in equities: Mohamed El-Erian. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Your Reading List. A Merit Functional Foods canola and pea protein-processing facility near Winnipeg is slated to be up and running by the end of the year with the help of. Financed by a debt financing package of $85m provided by a syndicate of lenders, the new plant will increase the company’s production capacity and propel growth. (To watch Selvaraju’s track record, click here) So, what’s behind the optimistic outlook? Let us help you make that next vacation simple and care-free. The content is intended to be used for informational purposes only. Nestle teams up with Canadian plant-based ingredient makers Burcon and Merit Functional Foods . Order food delivery and take out online from Fuel - Functional Foods (420 Corydon Ave, Winnipeg, MB R3L 0P1, Canada). These information on our directory are provided for your information and references only, these … Merit Functional Foods is building a $65-million-plus pea and canola protein processing facility at CentrePort and has received a $19.1-million injection of cash and industry support. Now that we’re heading into 2021 with all this talk about debilitating college loan debt, I’ve started wondering if it still makes sense to start a brand-new 529 plan or just simply keep contributing to my current 403(b) retirement account, then tapping that early for her, if needed. | Merit Functional Foods is committed to exceeding expectations for plant-based protein, providing the market with disruptive protein ingredient solutions that offer unmatched purity, exceptional taste, and excellent solubility. Many analysts agree we are in store for a big Gold rally this year and well into next year. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Some experts say we’re in “the golden age of biotechnology.” Scientific advances are opening up possibilities for the treatment and prevention of..... Virgin Galactic and other space stocks jumped Thursday on hopes for a new space-focused exchange traded fund. Winnipeg, Manitoba/Zurich. It’s a difficult case to prove, as oil companies are allowed to set their own assumptions on asset valuation, but suggests the company’s pre-pandemic plan to double underlying earnings by 2025 may be more aspirational than tangible.”\-- Fernando Valle, BI analystRead the research here.It’s not the first time Exxon has been probed by the SEC over how it values assets. The project, a joint venture between the three former senior executives of Hemp Oil Canada and Burcon Nutra­Science Corp., is one of the the largest greenfield developments in the city. Merit Functional Foods is developing a 65,000ft 2 pea protein and canola protein production facility in the northern part of Centreport, Manitoba, Canada. As a result of these transactions, Bunge is a 25% shareholder in Merit, and Burcon is now Merit Foods largest shareholder owning 33.3% of the plant-based protein producer. Renowned investor Iain Butler just named 10 stocks for Canadians to buy today. Forward looking statements or forward-looking information can be identified by words such as "anticipate," "intend," "plan," "goal," "project," "estimate," "expect," "believe", "future," "likely," "may," "should," "could", "will" and similar references to future periods. (Bloomberg) -- Exxon Mobil Corp. shares dropped more than 5% after a newspaper report said the company is being investigated by the U.S. Securities and Exchange Commission for allegedly overvaluing a key asset in the Permian Basin.The probe stems from a whistleblower complaint that during a 2019 internal assessment workers were forced to use unrealistic assumptions about how quickly wells could be drilled to reach a higher valuation, the Wall Street Journal reported, citing people familiar with the matter. Those wells must be drilled within five years of being added to a company’s books. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. The state-of-the-art facility, which is scheduled to be completed in Q4 2020, will be the only commercial facility in the world with the capability to produce food grade canola proteins. Merit Functional Foods and Partners Receive Co-investment From Protein Industries Canada WINNIPEG, Manitoba--(BUSINESS WIRE)--Merit Functional Foods, in consortium with Pitura Seeds and The Winning Combination, announces today that it has received a co-investment from Protein Industries Canada (PIC), which will facilitate the rapid growth of the new company. Exxon didn’t immediately respond to a request for comment.What Bloomberg Intelligence SaysThe SEC probe “shows the fragile foundation for the company’s $15 billion dividend. The latest hearing aids are invisible, totally rechargeable and affordable - and they're now available in Canada. Merit Functional Foods has started construction of its $80 million 88,000 square foot canola and pea protein production facility near the airport in Winnipeg. Merit Functional Foods is committed to exceeding expectations for plant-based protein, providing the market with disruptive protein ingredient solutions that offer unmatched purity, exceptional taste, and excellent solubility. Merit Functional Foods Corporation has broken ground on its 88,000 square foot pea and canola protein extraction facility in Winnipeg, Manitoba that is expected to be completed by Q4 2020. Merit has now secured a combined $95 million debt financing package from a consortium of lenders including Export Development Canada, Farm Credit Canada, Agriculture and Agri-Food Canada, and the Canadian Imperial Bank of Commerce. His bill sets aside $20 billion for a national vaccine program and $50 billion to expand testing capacity.Signs of froth abound, though. 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