Novo Integrated Sciences Wholly Owned Canadian Subsidiary, Acenzia, Selected To Participate In Protein Industries Canada Program To Develop Plant Based Protein Products; Project Investment Amounts Expected To Total $5.4M With Acenzia Investing $600K, Protein Industries Canada Investing $2.3M, And Two Other Partner Companies Investing $2.5M
Portfolio Pulse from Benzinga Newsdesk
Novo Integrated Sciences' subsidiary, Acenzia, has been selected to participate in a $5.4 million project by Protein Industries Canada to develop plant-based protein products. Acenzia will invest $600,000, Protein Industries Canada $2.3 million, and two other partners $2.5 million.
June 05, 2024 | 7:02 pm
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Novo Integrated Sciences' subsidiary, Acenzia, is investing $600,000 in a $5.4 million project to develop plant-based protein products, potentially boosting the company's revenue and market presence in the plant-based protein sector.
The investment in a high-growth sector like plant-based proteins could enhance Novo Integrated Sciences' market position and revenue potential. The significant funding from Protein Industries Canada and other partners underscores the project's credibility and potential success.
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