Insights and Stories on Merit

Mar. 1, 2023 at 8:21 pm CST

The company behind a new Prairie processing plant extracting plant-based proteins from peas and canola has landed in receivership, in the high eight figures’ debt to its secured lenders. PricewaterhouseCoopers (PwC) on Wednesday announced it’s the receiver for both Merit Functional Foods Corp. and the numbered company that owns Merit’s […]

By Dave Bedard

May. 19, 2021 at 5:07 pm CDT

A member of the neonicotinoid family of insesticides and seed treatments has been pulled back from the brink of an all-out ban in Health Canada’s final re-evaluation ruling. Most agricultural uses of imidacloprid — sold by Bayer under brands such as Gaucho, Merit and Admire, and by Adama under brands […]

By Dave Bedard

Aug. 27, 2020 at 8:55 pm CDT

One of the world’s biggest grain companies is getting in on a processing facility under construction in Winnipeg to extract plant-based proteins from canola and peas. Winnipeg-based Merit Functional Foods announced Thursday it has received a $30 million “capital investment” from Bunge, giving the U.S. grain firm a “minority interest” […]

By Dave Bedard

Jan. 24, 2020 at 4:22 pm CST

Winnipeg/Zurich | Reuters — Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops. Meat substitutes from plants in burgers, nuggets and many other foods are […]

By Rod Nickel, Silke Koltrowitz

Jan. 23, 2020 at 5:04 pm CST

MarketsFarm — Demand for plant- and animal-based proteins alike is likely to increase in the coming year. Since 2017, pea protein demand increased by about 13 per cent, Craig Klemmer, chief agriculture economist at Farm Credit Canada, said at Ag Days in Brandon, Man. Over the same time period, demand […]

By Marlo Glass – MarketsFarm