Burcon NutraScience Corporation announce that it has partnered with HPS Food and Ingredients Inc., a global leader in hempseed-based food ingredients, to explore the commercialization of Burcon's first-of-its-kind high purity, soluble hempseed protein isolate. This collaboration aims to capitalize on the thriving hempseed protein market trend and deliver exceptional plant-based protein solutions to customers worldwide. Through this partnership, Burcon and HPS aim to leverage their combined expertise to accelerate market adoption of Burcon's hempseed protein isolate (the "Product").

The parties intend to begin market development, conduct due diligence and commercial validation trials of the Product. Following successful market development and validation trials, Burcon and HPS intend to negotiate a definitive agreement on a strategic partnership for the commercialization of the Product. By harnessing the power of innovation and collaboration, Burcon and HPS are poised to make a significant impact on the hempseed food industry and contribute to a more sustainable and healthier future.

Hempseed protein is allergen-free, non-GMO and is an excellent source of clean-label, plant-based protein. Hempseed protein isolate was developed through extensive research and innovation, and stands out in the market by being greater than 90% protein purity, neutral in taste, water-soluble, off-white in color, and North American grown and processed, offering manufacturers the opportunity to create nutritious, environmentally friendly, sustainable, and delicious products that align with consumers' evolving preferences.