Burcon targets at least $6 million 2026 revenue, positive cash flow in 2027
Bitget2026/09/24 20:20- Burcon lifted its 2026 outlook to at least $6 million revenue, citing strong customer demand despite manufacturing ramp timing.
- Targets an annualized revenue run rate of at least $10 million exiting 2026 as additional capacity comes online.
- Forecasts positive cash flow in 2027 as investments lift production reliability, efficiency, infrastructure, maintenance, and scalability at Galesburg.
- Plans convertible debenture financing for up to $21 million principal proceeds to fund the production platform buildout, pending TSX approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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