On May 24th, 2019, NIA announced Burcon NutraScience (TSX: BU) at a rights offering adjusted suggestion price of $0.4915 per share as its #1 pea protein stock suggestion to capitalize on the success of plant-based meat companies Beyond Meat (BYND) and Impossible Foods. On Friday, BU reached a high of $1.98 per share for a gain of 302.85% in four months!
BU has been the #1 largest gaining TSX listed stock during this time period!
NIA said on May 24th:
"With BYND having the most successful IPO of the decade, private competitor Impossible Foods on May 13th announced a new $300 million venture captial round of funding and Burger King just announced that it will begin offering the Impossible Burger!
How are these companies making their plant-based meat? Using pea protein, but there is a major shortage of this important raw material. NIA has discovered a company Burcon Nutrascience (TSX: BU) that has dozens of patents covering all of the most efficient methods for extracting protein from peas and the company has just entered into a major joint-venture agreement to build one of the world's largest pea and canola protein production facilities. It will initially process 20,000 tonnes of peas per year starting in mid-2020 to produce BU's Peazazz® and Peazac™ pea proteins, as well as BU's Supertein®, Puratein® and Nutratein® canola proteins.
BU is a steal here at $0.80 per share and we believe will become a $2-3 per share stock by year-end!"
Adjusted for BU's oversubscribed rights offering that occurred following NIA's suggestion, NIA's initial BU suggestion price of $0.80 per share became $0.4915 per share and NIA's price prediction of $2-$3 per share became $1.23-$1.84 per share. Therefore, BU at Friday's high of $1.98 per share surpassed NIA's highest expectations!
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