If you are currently on the lookout for companies in the tech sector, it may be a good time to consider taking a look into the Burcon NutraScience Corp. (OTCQB: BRCNF) stock. The global technology firm had come into focus this past Friday after it made a key announcement with regards to its alliance partner.
The Update
The company announced that RE ProMan Inc., its alliance partner, had inked a purchase and sale agreement pertaining to the acquisition of a protein production facility located in North America. As per the provisions of the agreement, ProMan went into a binding agreement to acquire the production facility. However, it was also noted in the news release that the acquisition would be completed only after certain conditions were met, and those would include due diligence as well as approval from related parties.
Key Details
It remains to be seen if the news about the latest acquisition leads to any attention for the Burcon NutraScience Corp stock over the course of this week. The company noted in the news release that the access to a production facility would give it a clearer way to the market for all its protein based products. It may be a good time to add the stock to your watch lists.
Management Quote
“This acquisition is the result of months of dedication and collaboration between ProMan and Burcon,” said John Vassallo, Burcon’s director. “It underscores our strong confidence in Burcon’s proprietary protein technologies, leadership, and ability to successfully execute a capital-light strategy.”
