Burcon NutraScience Corporation

OTCPK:BRCN.F Stock Report

Market Cap: US$19.7m

Burcon NutraScience Management

Management criteria checks 3/4

Burcon NutraScience's CEO is Kip Underwood, appointed in Nov 2022, has a tenure of 3.5 years. total yearly compensation is CA$548.80K, comprised of 82% salary and 18% bonuses, including company stock and options. directly owns 0.079% of the company’s shares, worth $15.55K. The average tenure of the management team and the board of directors is 16.7 years and 2.7 years respectively.

Key information

Kip Underwood

Chief executive officer

CA$548.8k

Total compensation

CEO salary percentage81.97%
CEO tenure3.5yrs
CEO ownership0.08%
Management average tenure16.7yrs
Board average tenure2.7yrs

Recent management updates

Recent updates

Seeking Alpha Sep 02

Burcon NutraScience falls 23% postmarket on delisting of stock from Nasdaq Capital Market

Burcon NutraScience (NASDAQ:BRCN) stock slid 23.1% postmarket on Friday after the firm said it will delist its shares from Nasdaq Capital Market. BRCN shares will be suspended from trading on the exchange on or about Sept. 12. The company in Apr. received a Nasdaq notice indicating that it was not in compliance with the minimum bid price rule. BRCN's management believes it will not be able to regain compliance by the Sept. 28 deadline and a plan for share consolidation would be of no benefit. The company's stock will continue to be listed on the Toronto Stock Exchange. BRCN is exploring listing its stock on either the OTC Pink Open Market or the OTCQB. The firm  said its auditors PricewaterhouseCoopers resigned, effective Sept. 1, and will therefore postpone its annual shareholder meeting, which was to be held on Sept. 14. PwC confirmed there were no "reportable events" or "unresolved issues".
Seeking Alpha Aug 15

Burcon NutraScience GAAP EPS of -C$0.04, revenue of C$90.54K

Burcon NutraScience press release (NASDAQ:BRCN): Q1 GAAP EPS of -C$0.04. Revenue of C$90.54K (+403.0% Y/Y).
Seeking Alpha May 12

Burcon: Partner Bunge's $500 Million To $1 Billion Of Growth Capex Within Alternative Proteins Bodes Well

Positive development with Bunge disclosing $500 million-$1 billion out of its $2 billion growth capex pipeline is within the alternative protein. Bunge’s increasing interest/spend in plant-based protein is positive for Burcon. Bunge increased its stake in Merit JV with Burcon in 2H’2021 and its path to an even larger Merit stake leads to several positive catalysts for Burcon shares. Non-dilutive $10 million credit line from Burcon’s largest shareholder, Firewood (wholly-owned by Burcon director) is a strong sign of support & positive indicator for the outlook ahead; new JV/CEO next catalysts. Merit shipping to large/small CPG companies globally and expects supply from Phase 1 of the commercial plant to be spoken for by end of 2022; would equate to C$60million in 2023 revenues. Despite overall market volatility, especially in the plant-based sector, the plant-based protein trend remains firmly in place; Nestle's CEO reiterated “once-in-a-generation” opportunity in Feb '22.
Seeking Alpha Sep 03

Burcon NutraScience: Achieved Several Key Milestones In 1H 2021, Significant Opportunity Ahead

Burcon disclosed on the quarterly call multiple partnering discussions are underway and the potential for a new collaboration to be announced in the coming months. Any new venture beyond Merit JV will be a major catalyst. In addition to attracting Nestlé & Bunge, Burcon’s best-in-class plant-protein technology has led to Merit executing NDAs with ~240 companies including several of the largest food & beverage companies globally. Burcon’s Merit JV plant has commenced commercial sales of purest pea-based protein & the world’s first protein from canola. Plant achieving remarkable protein levels near 100% purity. The proprietary platform produces essential trifecta with its high-purity plant-based proteins: superior functionality, taste, and nutrition, in a market that is projected to grow seven-fold to ~$290 billion by 2035. A strong potential beneficiary of rising ESG-driven investment trend via new NASDAQ listing as awareness of this pure-play on plant-based protein megatrend increases.

CEO Compensation Analysis

How has Kip Underwood's remuneration changed compared to Burcon NutraScience's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

-CA$13m

Sep 30 2025n/an/a

-CA$11m

Jun 30 2025n/an/a

-CA$10m

Mar 31 2025CA$549kCA$450k

-CA$8m

Dec 31 2024n/an/a

-CA$8m

Sep 30 2024n/an/a

-CA$8m

Jun 30 2024n/an/a

-CA$7m

Mar 31 2024CA$682kCA$468k

-CA$7m

Dec 31 2023n/an/a

-CA$7m

Sep 30 2023n/an/a

-CA$21m

Jun 30 2023n/an/a

-CA$23m

Mar 31 2023CA$427kCA$165k

-CA$25m

Compensation vs Market: Kip's total compensation ($USD402.47K) is below average for companies of similar size in the US market ($USD619.80K).

Compensation vs Earnings: Kip's compensation has been consistent with company performance over the past year.


CEO

Kip Underwood

3.5yrs
Tenure
CA$548,802
Compensation

Mr. Kip Underwood, M.B.A., is Chief Executive Officer of Burcon NutraScience Corporation from November 07, 2022. Mr. Underwood began his career with the Solae Company and held progressively more senior pos...


Leadership Team

NamePositionTenureCompensationOwnership
Kip Underwood
Chief Executive Officer3.5yrsCA$548.80k0.079%
$ 15.5k
Martin Schweizer
Vice President of Technical Development16.7yrsCA$190.25k0.086%
$ 16.9k
Kam Law
Senior VP of Legal & Corporate Secretary25.7yrsCA$215.81k0.35%
$ 69.0k
Randy Willardsen
Senior Vice President of Process24.5yrsCA$202.19k0.33%
$ 64.5k
Alex Varty
Interim Chief Financial Officerless than a yearno datano data
Paul Lam
Director of Investor Relations & Communicationsno datano data0.18%
$ 35.7k
16.7yrs
Average Tenure

Experienced Management: BRCN.F's management team is seasoned and experienced (16.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Westdal
Director Emeritusno dataCA$163.27kno data
Alan Chan
Director16.1yrsCA$6.00kno data
Peter Kappel
Independent Chairman of the Board10.3yrsCA$9.00k9.02%
$ 1.8m
Jeanne McCaherty
Independent Director4.8yrsCA$6.75k0.062%
$ 12.3k
John Vassallo
Independent Director2.7yrsCA$6.00k12.57%
$ 2.5m
James Pekar
Independent Director1.7yrsno data1.23%
$ 243.3k
Philip Dowad
Independent Directorless than a yearno datano data
Richard Nazur
Independent Directorless than a yearno data0.41%
$ 80.5k
2.7yrs
Average Tenure

Experienced Board: BRCN.F's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/06 18:04
End of Day Share Price 2026/05/06 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Burcon NutraScience Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tania Armstrong-WhitworthCanaccord Genuity
Jacob BoutCIBC Capital Markets
Corey HammillParadigm Capital, Inc.