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Burcon NutraScience Corp (2)
Symbol BU
Shares Issued 12,692,276
Close 2026-06-16 C$ 2.24
Market Cap C$ 28,430,698
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Burcon NutraScience talks up sales, production record

2026-06-16 18:04 ET - News Release

Mr. Kip Underwood reports

BURCON ACCELERATES GROWTH & ACHIEVES NEW PRODUCTION RECORD

Burcon NutraScience Corp. has continued commercial and operational momentum, highlighted by strong growth in sales compared with the previous quarter and the establishment of a new production record with its manufacturing partner, marking another milestone in Burcon's transition from technology development to commercial-scale ingredient sales.

"Approximately 50-per-cent growth in sales compared to the previous quarter, combined with record production performance, reflects the continued transition of Burcon from technology development to commercial-scale ingredient sales," said Kip Underwood, chief executive officer of Burcon. "As demand continues to expand across our Peazzaz, FavaPro and Puratein protein ingredients, we remain focused on scaling production efficiently, supporting customer growth and executing on our path toward profitability."

Commercial demand continues to expand across Burcon's portfolio of pea, fava and canola protein ingredients, with customer activity ranging from product development and formulation support through commercial production and repeat purchase. The company's April and May sales increased significantly, indicating calendar Q2 is on track for 50-per-cent growth compared with the prior quarter.

Burcon's protein ingredients are currently being utilized across a diverse range of applications, including ready-to-mix beverages, powdered nutrition products, nutrition bars, snacks, baked goods and plant-based foods. Demand across the company's Peazzaz, FavaPro and Purate protein product portfolio reflects the broad commercial applicability of Burcon's protein technologies and growing market demand for high-performance plant-based protein ingredients that deliver nutrition, functionality and taste.

In addition to commercial growth, Burcon achieved a new production record with Re ProMan LLC, its manufacturing partner, exceeding its calendar Q1 daily average by approximately 60 per cent over the past couple weeks. The achievement reflects continued improvements in manufacturing efficiency, production throughput and process optimization, further strengthening the company's ability to support growing customer demand.

Burcon's commercialization strategy is focused on converting customer adoption into long-term commercial sales through differentiated protein ingredients, scalable manufacturing capabilities and developing strategic customer relationships. Management believes continued progress across these areas should position the company to create sustainable shareholder value.

As Burcon continues to execute its commercialization and growth strategy, the company will require additional capital resources to support future expansion opportunities and working capital requirements. Additional information regarding risks and uncertainties that could affect the company's business, operations and financial condition is contained in Burcon's public filings available on SEDAR+.

About Burcon NutraScience Corp.

Burcon is a global technology leader in plant-based proteins for food and beverage applications. The company has developed a portfolio of high-performance protein ingredients, including Peazzaz pea proteins, FavaPro fava proteins and Puratein canola proteins, and is focused on commercializing its technologies through manufacturing partnerships and growing customer adoption around the world.

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