Daniel Shahrabani's questions to BRCNF leadership • Q1 2025
Question
Asked for an update on the former Merit operations and whether the company's current liquidity is sufficient to sustain it until its profitability target in 2026.
Answer
The Merit business ceased operations in March 2023, but its assets are still for sale, which Burcon views as a potential upside regardless of the outcome. The company's business plan is considered fully funded to cash flow positive through a combination of cash on hand, a potential debt facility, future sales revenue, and non-dilutive government funding.