HPS and Burcon to Highlight World's First 95% Hempseed Protein Isolate at Natural Products Expo West

Stop by the HPS Food & Ingredients booth #538 to learn more about this exceptional, clean-label, high protein powder

March 04, 2024 8:00 AM EST | Source: Burcon NutraScience Corporation

Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Burcon NutraScience Corporation  (TSX: BU) ("Burcon" or the "Company"), a global technology leader in the development of plant-based proteins for foods and beverages, and HPS Food and Ingredients Inc. ("HPS") are set to showcase their groundbreaking 95% hempseed protein isolate at the upcoming Natural Products Expo West in Anaheim, CA, from March 14 to 16, 2024.

At Expo West, Burcon and HPS will spotlight the exceptional taste, color, and purity of the 95% hempseed protein isolate, a breakthrough achievement in plant-based protein innovation. With commercial quantities available, interested customers will have the opportunity to sample the product firsthand.

"We are thrilled to show the world our 95% hempseed protein isolate," said Kip Underwood, Burcon's chief executive officer. "Expo West provides an ideal platform to engage with buyers of natural and healthy products. Our hempseed protein stands out as a hero ingredient, offering superb taste, sustainability and clean-label benefits, enabling the creation of innovative food and beverage offerings. We are poised to meet the strong customer demand with our unrivaled hempseed protein."

In response to increasing customer demand, Burcon and HPS have accelerated its commercialization plans for hemp, with commercial availability targeted for this quarter. The companies are committed to providing customers with a best-in-class plant-based protein that sets a new standard for hempseed ingredients.

"We are excited to deliver an amazing hempseed protein product to our customers," expressed Marc van Burck, HPS's chief executive officer. "Commercial availability is expected to come at a time when our customers are demanding a higher purity, better tasting hemp protein ingredient. Expo West presents us with a prime opportunity to expand our sales funnel as we look forward to meeting our prospective customers in person at the show."

Visit the HPS team at Expo West booth #538 for more information on our innovative hempseed protein isolate. For inquiries regarding product samples and information, prospective customers are encouraged to directly reach out to HPS Sales Team here.

About HPS Food and Ingredients Inc.

HPS Food & Ingredients is a global leader in value-added processing of plant proteins, seeds & grains, oils, flours, fibers and starches, for premium food markets and food companies around the globe. We produce nutritious, North American grown non-GMO, gluten-free ingredient products at our dedicated production facilities in Manitoba, Canada. We provide quality ingredient solutions for the global food marketplace. For more information, visit hpsfood.ca.

About Burcon NutraScience Corporation

Burcon is a global technology leader in the development of plant-based proteins for foods and beverages. Our proteins exhibit superior functionality, taste and nutrition, making them ideal ingredients for food formulators. With over two decades of experience, Burcon has amassed an extensive patent portfolio covering its novel plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. Burcon is committed to delivering next-generation, best-in-class protein solutions, positioning itself as a key player in the rapidly expanding plant-based market. Supporting the growing trend towards a plant-based diet, Burcon offers sustainable protein ingredients that we believe are better for you and better for the planet. For more information, visit www.burcon.ca.

Forward-Looking Information Cautionary Statement
The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements or forward-looking information involve risks, uncertainties and other factors that could cause actual results, performances, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements or forward-looking information can be identified by words such as "anticipate," "aim", "intend," "plan," "goal," "project," "estimate," "expect," "believe," "future," "likely," "may," "should," "could," "will" and similar references to future periods. All statements included in this release, other than statements of historical fact, are forward-looking statements. 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. Important factors that could cause actual results to differ materially from Burcon's plans and expectations include the implementation of our business model and growth strategies; trends and competition in our industry our future business development, financial condition and results of operations and our ability to obtain financing cost-effectively; potential changes of government regulations; 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 for the year ended March 31, 2023 and its other public filings with Canadian securities regulators on SEDAR+ at www.sedarplus.ca. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Any forward-looking statement or information speaks only as of the date on which it was made, and, except as may be required by applicable securities laws, Burcon disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Although Burcon believes 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.

Industry and Investor Contact
Paul Lam
Director, Investor Relations and Communications
Burcon NutraScience Corporation
Tel (604) 733-0896, Toll-free (888) 408-7960
plam@burcon.ca www.burcon.ca

Media Contact:
Steve Campbell, APR
Campbell & Company Public Relations
Tel (604) 888-5267

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