(Screengrab from Merit Functional Foods video via YouTube)

Merit Foods pays off operating lender, no deal yet for plant

Plant-based protein processor in receivership since March

A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured creditors. Merit Functional Foods, which entered receivership March 1 after just two years’ operation, has sold all its remaining finished and raw inventory and directed […] Read more

(Screengrab from Merit Functional Foods video via YouTube)

Bidding open for Merit Foods for two more weeks

Stakeholder Burcon plans to put up 'compelling bid'

The fate of Winnipeg pea- and canola-based protein processor Merit Functional Foods won’t be confirmed until the end of April at the earliest. Merit, whose major shareholders include Vancouver plant-based protein firm Burcon NutraScience, U.S. agrifood firm Bunge and former executives of Hemp Oil Canada, was placed into receivership March 1. According to the first […] Read more


(Screengrab from Merit Functional Foods video via YouTube)

Merit Foods stakeholder looking to buy company

Burcon 'actively engaged' with company's receiver

One of the joint-venture owners of Winnipeg pea and canola protein processor Merit Functional Foods says it’s in talks to buy full control of the cash-strapped company. Two days after Merit entered a court-ordered receivership, Vancouver-based Burcon NutraScience announced Friday it “intends to submit a formal proposal to acquire the business.” Burcon said Merit’s receivership […] Read more