share_log

Novo Integrated Sciences | 8-K: Current report

SEC ·  Jun 6 03:02
Summary by Futu 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
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 medical nutrition, active living, and high-performance sports. Acenzia's involvement leverages its expertise in contract manufacturing, product formulation, R&D, and sustainable packaging to create ecologically friendly, evidence-based plant protein products. Novo Integrated Sciences, Inc., the parent company, is known for its multidisciplinary healthcare ecosystem and product innovation, focusing on a holistic approach to health and wellness.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.