Stock price when the opinion was issued
The valuation is super cheap compared to, say, Beyond Meat. This just entered a joint venture (https://www.bctechnology.com/news/2020/9/2/Burcon-NutraScience-Joint-Venture-Company-Merit-Functional-Foods-Announces-Close-of-30-million-Investment-from-new-Equity-Partner-Bunge.cfm). This will attract investors when revenues and cash flow become strong. The stock has been doing well as people buy more plant-based protein, a huge business now. Definitely one to watch.
They extract protein from soy and peas. They announced they are building a plant in Manitoba. The BeyondMeat trend is helping them. Analysts are still projecting losses in 2021, so you are buying into the expectation of future growth.