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Burcon Reports Fiscal 2022 Second Quarter Results Vancouver , British Columbia -- ( Newsfile Corp. - November 15 , 2021 ) - Burcon NutraScience Corporation ( TSX : BU ) ( NASDAQ : BRCN ) ( " Burcon or the " Company " ) , a global technology leader in the development of plant - based proteins for foods and beverages , reported results for the fiscal second quarter ended September 30 , 2021 . Operational highlights for the second quarter ended September 30 , 2021 : During the quarter , Burcon : • recorded a 76 % quarter - over - quarter increase in royalty revenues from its licensee , Merit Functional Foods Corporation ( " Merit " ) ; • advanced the due diligence process and negotiations with a number of potential strategic partners on opportunities to commercialize Burcon's innovative plant - based protein technologies through one or more joint ventures and / or collaboration agreements ; • worked with a third - party engineering firm to identify and plan the build - out of a suitable location in Winnipeg for a new and expanded innovation centre ; • announced the appointment of Peter H. Kappel as chairman of Burcon's board of directors • announced the appointments of Jeanne McCaherty and Alfred Lau to Burcon's board of directors ; and • received three patents covering the company's novel process for the extraction and purification of soy and non - soy oilseed protein ingredients and the high - purity proteins produced therefrom . The company's IP portfolio now consists of 299 issued patents in various countries , with 73 in the U.S. , as well as more than 210 active patent applications , including 34 in the U.S. During the quarter , Merit Foods : • significantly advanced the commissioning of its state - of - the - art pea protein and canola protein production facility in Winnipeg , Manitoba ; • increased production of its best - in - class lineup of pea and canola protein ingredients ; • increased commercial sales of its pea and canola protein ingredients . • worked with a number of consumer packaged goods ( " CPG " ) companies to develop innovative plant - based food and beverage formulations incorporating Merit's pea and canola proteins , some of which are already available on store shelves ; and • continued to expand its sales funnel through an aggressive sales outreach program as a plant- based protein ingredient solutions provider Management Commentary " During Burcon's fiscal 2022 second quarter , our team worked diligently to support our JV , Merit Functional Foods , in the commissioning of its state - of - the - art plant - based protein production facility , " said Johann F. Tergesen , Burcon's president and chief executive officer , " Merit took significant steps toward optimizing its facility , where it is producing , under license from Burcon , its best - in - class lineup of pea protein and canola protein ingredients . Production capability at Merit's facility has been improving by the week as commissioning challenges associated with the implementation of Burcon's processing technologies have been resolved one by one . We are encouraged by the accomplishments of Merit's operations team during this past quarter , which is on - track to meet optimization targets . " " Merit's protein sales increased by 76 % during the quarter as compared to the previous quarter , when Merit first began fulfilling commercial sales orders for its best - in - class pea and canola protein ingredients . Merit has been working with and supporting numerous CPG companies targeting solutions that incorporate Merit's novel pea and canola protein ingredients into new or reformulated food and beverage products . Merit's pea and canola proteins offer unparalleled taste , texture and purity , and we