Protein Industries Canada is involved in the plant-based food sector, focusing on ingredient manufacturing, food processing, and bio-products, contributing to a $25 billion opportunity for Canada.

Protein Industries Canada

Burcon NutraScience Corporation, together with its subsidiaries, develops plant proteins and ingredients for use in the food and beverage industries in Canada. The company's products include Peazazz, a pea protein for use in dairy alternatives, ready-to-drink beverages, dry blended beverages, bars, baked goods, and meat substitute products; and Peazac and Peazac 850, a pea protein for plant-based meat alternative products, ready-to-mix powders, ready-to-mix beverages, dairy alternatives, and nutrition bars, as well as other applications requiring the most neutral flavor and moderate viscosity. It provides Puratein, a canola protein isolate for use in meat alternatives, such as burgers, sausages, and nutrition bars; Supertein, a canola protein that is a light-colored powder for use in non-dairy frozen desserts, egg alternative, plant-based marshmallows and ready-to-mix beverages, whipped toppings, and plant-based bars; and Nutratein, a canola protein comprising a mixture of globulin and albumin proteins for use in meat and egg alternatives, and other plant-based functional foods. In addition, the company offers Nutratein-PS and Nutratein-TZ, a blend of Peazac pea protein; and CLARISOY, a soy protein for use in sports nutrition beverages, citrus-based drinks, fruit-flavored beverages, lemonades, powdered beverage mixes, and other foods and nutritional products. Further, it provides MeritPro, a nutritional protein blend, including allergen-free, gluten-free, non-dairy, non-GMO, and vegan. The company was formerly known as Burcon Capital Corp. and changed its name to Burcon NutraScience Corporation in October 1999. The company was incorporated in 1998 and is headquartered in Vancouver, Canada.

Burcon NutraScience Corporation

HPS Food & Ingredients is involved in the processing of plant proteins, seeds & grains, oils, flours, fibers and starches for food markets. The company produces non-GMO, gluten-free ingredient products at certified production facilities.

HPS Food & Ingredients

Sierra Supply Chain Services provides global protein procurement, customized protein processing, and comprehensive cold storage services, self-described as industry experts in sourcing multi-protein products.

Sierra Supply Chain Services

Protein Industries Canada | 11,458 followers on LinkedIn. The future of food is Canada. | Protein Industries Canada is an industry-led value chain consortium of small- to large-sized enterprises involved in food and food ingredient manufacturing, agriculture and food-related services, research and development, technology, economic development, finance and investment, education and training.

Protein Industries Canada is a not-for-profit corporation guided by a board comprising industry leaders.

Adjunct Professor, Independent Consultant, Board member, Foodtech investor, Keynote Speaker, Thought Leader

Dave Donnan

Jennifer Jannuska

Chief Strategy and Governance Officer at Conexus Credit Union

Annette Revet

Chief Operating Officer at Botaneco Inc.

David Dzisiak

Next week, James Street (Director, Business Development) will be on a panel at Plant Based World Expo Europe in London, UK. Connect with James by sending him a message/email or saying hello to him at the conference. Event & panel details: https://lnkd.in/ghk4XKUy

This Thursday, we're participating in and attending EMILI 's #AgEnlightened2024 in Winnipeg, MB. Interim CEO Frank Hart will sit on a panel titled "Building Economic Prosperity in Western Canada: Innovation and Technology" and attending the conference is Financial Analyst Jamie Macfadden . Connect with Frank and Jamie and say hello to them at the event. Event info: https://lnkd.in/ganqNpGT

Over the last three months as Interim CEO, Frank Hart has dedicated most of his time to determining how Protein Industries Canada's role can further advance the value-added growth of Canada's agriculture industry. One of the main focuses is increasing Canada's productivity and GDP—one of the country's greatest challenges. Ingredient manufacturing and food processing here at home are a big part of the solution. Read more: https://lnkd.in/gfJ4nxRw

Join us at #AgEnlightened2024 for a conversation about how new digital agriculture technologies can drive economic growth in agriculture in Western Canada! Featuring: ➡️ Julianne Curran - Pulse Canada ➡️ Norm Sissons - Cibus ➡️ Paul Card - Manitoba Technology Accelerator ➡️ Frank Hart - Protein Industries Canada ➡️ Nazim Cicek - University of Manitoba This panel brings a wealth of knowledge and experience from their varied careers, and it is sure to be a robust discussion! To learn more, visit https://buff.ly/40rcW7T

EMILI

A big win for our member Big Mountain Foods whose new product just landed in Costco Wholesale Canada . Just in time for the holidays, Big Mountain Foods' new Plant-Based Roast is now available at select Costco locations across Canada. See below for where you can find it. Congratulations to the team at Big Mountain Foods!

Just over two weeks remain to submit Skills and Talent-based projects under our Capacity Building program. We invite skills development and training organizations to propose new approaches to addressing skills and talent challenges faced by Canada's ingredient manufacturing, food processing and bioproducts sector. EOIs are open until Nov. 13. Learn more and how to apply: https://lnkd.in/gCPvuXTR

Renewing connections and getting caught up on US and global IP issues at the American Intellectual Property Law Association (AIPLA) Annual Meeting! Great sessions on responsible AI, greenwashing, noncompetes and more. Looking forward to bringing insights back to Protein Industries Canada . (Thanks for sending me.)

🍃 Exciting Times at the NIZO Plant Protein Functionality Conference! 🍃 After almost five years since living in the Netherlands it was great to be back and participate in the 3rd NIZO Plant Protein Functionality Conference. It was inspiring to see the advancements being made at the intersection of academia and industry in the plant-based food sector. Here are a few of my takeaways from the conference: ✨ Opportunities for Improvement: Taste, texture, and functionality challenges in plant-based products present significant opportunities, especially in categories like vegan cheeses, milk alternatives and meat analogues. ✨ No One-Size-Fits-All: Techno-functionality varies widely based on protein source, processing methods, and intended applications. Custom solutions are essential for success. ✨ Innovative Protein Extraction: Exciting advancements are being made in by-product protein extraction, including okara protein and green leaf protein, which can lead to more sustainable practices. ✨ AI in Functionality Prediction: Could AI help predict the functionality of proteins that have undergone different extraction processes? This could revolutionize product development in our field! As several presenters highlighted, the challenges in the plant protein space also create abundant opportunities for innovation and growth. I’m excited to see where these developments will take us! Thank you Protein Industries Canada for the incredible opportunity to attend this event and for the engaging conversations with all the attendees—your insights were truly inspiring. #PlantBased #Innovation #Sustainability #FoodTech #ProteinFunctionality #NIZOConference

Lara Saldanha Lima

Agriculture and food tech represent one of the greatest opportunity landscapes. Canada is uniquely positioned to further cement its global leadership in ingredient manufacturing, food processing and bioproducts. CFO Kassandra Quayle sat with investment and ecosystem leaders at Banff Venture Forum to take attendees through the agrifood sector's evolving innovations and investment landscape in a panel discussion. Panellists: Natural Products Canada , Canadian Food Innovation Network , Emmertech , The51 Food and AgTech Fund

We opened a call for new projects under our Technology Leadership program stream! This round calls focuses on the blending of pulses and cereals, as well as projects that only contain cereals – with a preference to wheat or barley, to create the next generation of high-protein, plant-based ingredients and food products. EOIs will be accepted now until Jan. 16. Learn more about the call: https://lnkd.in/gm2J6guJ

Metric
Company Name	Protein Industries Canada	Burcon NutraScience Corporation	HPS Food & Ingredients	Sierra Supply Chain Services
Symbol		BU
MSH ID	CA:PROTEININDUSTRIESCANADA	CA:BURCON	CA:HPSFOOD	CA:SIERRASUPPLYCHAINSERVICES
Market	PRIVATE	STOCKS	PRIVATE	PRIVATE
Sector	Consumer Goods	Consumer Defensive	Consumer Goods	Consumer Goods
Industry	Food & Beverage	Packaged Foods	Food Processing	Food and Beverage
Country	CA	CA	CA	CA
Stage
Employee Count		25
Website	proteinindustriescanada.ca	burcon.ca	hpsfood.ca	sierrasupplychainservices.ca
LinkedIn	protein-industries-canada		hps-food-ingredients-inc	sierra-supply-chain-services
Founders

Metric
Market Cap	22.61M
Enterprise Value
Monthly Web Traffic		1
Web Traffic Growth		1.04
Valuation
Raised Capital

Metric
Revenue		130.41K
Revenue (LTM)
Revenue (NTM)
Gross Profit		-367.01K
EBITDA		-4.79M
Operating Income		-5.29M
Net Income		-5.27M
EPS		-0.04
Diluted EPS		-0.04
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin		-0.40
Operating Profit Margin		-17.73
EBITDA Margin		-36.74
Net Profit Margin		-17.59
Return on Equity		-1.63
Return on Assets		-0.58
Return on Capital Employed		-0.65

PROT

CA:PROTEININDUSTRIESCANADA

Protein Industries Canada

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio		-0.92
P/B Ratio		3.70
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio		204.69
EV Multiple		-1.93

Metric
Days Sales Outstanding		226.02
Days Payables Outstanding
Days Inventory Outstanding		46.42
Operating Cycle		1.22K
Cash Conversion Cycle		644.82
Asset Turnover		0.04

Metric
Operating Cash Flow		-4.02M
Free Cash Flow		-4.11M
Cash Flow to Debt		-0.86
Operating Cash Flow/Sales		-14.98
Free Cash Flow Yield		-0.24

Metric
Cash & Equivalents		2.97M
Accounts Receivable		-138.68K
Inventory		48.33K
Goodwill		887.71K
Debt to Capitalization		0.66
Debt to Assets		0.45
Current Ratio		5.34
Quick Ratio		5.57

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue		4.40
R&D to Revenue		15.38
SG&A to Revenue		13.38