Summary by Moomoo AI
On June 5, 2024, Novo Integrated Sciences, Inc. announced that its subsidiary, Acenzia Inc., has been chosen by Protein Industries Canada to participate in a project aimed at introducing new protein products with enhanced nutritional profiles to the global market. The project, with a total investment of approximately $5.4 million, will focus on the development, reformulation, and commercialization of three consumer-ready protein products. Acenzia will contribute around $600,000, while Protein Industries Canada and two other partner companies will invest $2.3 million and $2.5 million, respectively. The initiative will span three phases and aims to offer plant-based protein alternatives that are comparable to whey protein isolate in terms of quality, sensory experience, and muscle health benefits. The products are intended for various consumer segments, including...Show More
