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SunOpta, Inc. - STKL STOCK NEWS

Welcome to our dedicated page for SunOpta news (Ticker: STKL), a resource for investors and traders seeking the latest updates and insights on SunOpta stock.

SunOpta, Inc. (Nasdaq: STKL) is a pioneering global supplier of organic ingredients, innovative product developer for brand owners, and a trusted packager of healthy and organic food. Headquartered in the U.S., SunOpta seamlessly integrates its operations from seed to packaged product, ensuring the highest quality and sustainability standards. With a workforce of approximately 1,800 employees worldwide, SunOpta offers three core consumer packaged goods platforms: Healthy Fruit, Healthy Beverages, and Healthy Snacks, all supported by an extensive global sourcing and supply infrastructure.

SunOpta specializes in the sourcing, processing, and manufacturing of organic and non-GMO food products. Their product portfolio encompasses plant-based beverages such as oat, almond, soy, coconut, and rice milks, and creamers. These beverages are known for their lower carbon emissions and water usage compared to traditional dairy options. Besides beverages, the company offers protein shakes, teas, broths, and fruit snacks under both private labels and their proprietary brands, including SOWN®, Dream®, and West Life™.

SunOpta has recently made significant strides in the industry. On October 13, 2023, the company announced the sale of certain assets of its frozen fruit operations, Sunrise Growers, to Nature's Touch. This strategic move allows SunOpta to focus more on its core competencies in the organic and non-GMO food sectors while aiding Nature's Touch in expanding its frozen food offerings across North America. This acquisition is aligned with SunOpta's commitment to sustainability and innovation, enhancing its ability to deliver high-quality, affordable food products globally.

Throughout its history, SunOpta has consistently evolved, maintaining a robust commitment to environmental responsibility and healthy food production. The company continues to focus on building a profitable and sustainable business model, aiming to lead the market in organic and non-GMO specialties. For more information, visit their website or follow them on LinkedIn and Twitter.

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SunOpta Inc. (STKL) will participate in the ICR Conference 2024 to be held on January 8-10, 2024, in Orlando, Fla. The company, along with its newly appointed CEO, Brian Kocher, will meet with investors and participate in a fireside chat. A live webcast will be available on the Investor Relations section of the company's website, with a replay available for approximately ninety days.
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SunOpta Inc. (STKL) announced the entry into a new $180 million term loan credit facility and a new $85 million revolving credit facility, replacing the existing credit agreement. The refinancing has significantly reduced working capital needs and strengthened the balance sheet, providing improved flexibility for future capital needs.
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SunOpta Inc. (STKL) announces the retirement of CEO Joseph D. Ennen and the appointment of Brian W. Kocher as the new CEO effective January 2, 2024. The Board is confident in Mr. Kocher's ability to lead the company through its next phase of growth, reaffirming Q4 2023 and 2024 outlooks.
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SunOpta (Nasdaq: STKL) (TSX: SOY) celebrates its 50th anniversary by reflecting on major milestones and achievements, highlighting its evolution from biomass to animal feed, industrial minerals, and natural and organic foods to becoming a pioneer in the plant-based food and beverage space. The company aims to double its plant-based business by 2025 and achieve over $1 billion in sales. SunOpta has invested over $200 million in plant-based production capacity in the last three years and has achieved numerous milestones, including acquisitions, product launches, and environmental sustainability initiatives.
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SunOpta Inc. (Nasdaq:STKL) (TSX:SOY) announced Q3 2023 financial results with revenue up 5.9% to $152.5 million, but a loss from continuing operations of $5.7 million. Adjusted EBITDA increased 8.1% to $19.1 million. The divestiture of frozen fruit operations optimizes the product portfolio and strengthens the balance sheet. SunOpta maintains Q4 outlook and provides 2024 outlook with expected strong revenue and adjusted EBITDA growth.
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SunOpta Inc. (Nasdaq:STKL) (TSX:SOY) will participate in two upcoming investor conferences. They will attend the Stephens Annual Investment Conference from November 14-16, 2023, and the Canaccord Genuity Agrifood Tech Innovation Virtual Forum on November 30, 2023. The company will engage with investors and participate in fireside chats at both events. Live webcasts will be available on the company's website, and replays will be accessible for approximately 30 days.
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SunOpta to release Q3 2023 financial results and host conference call
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Nature's Touch acquires assets of Sunrise Growers' frozen fruit operations, strengthening its position in the frozen food market.
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SunOpta completes divestiture of frozen fruit business, focusing on core high-growth categories
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SunOpta launches new SOWN Brown Sugar Organic Oat Creamer, expanding its product flavor lineup for fall season.
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FAQ

What is the current stock price of SunOpta (STKL)?

The current stock price of SunOpta (STKL) is $7.7 as of November 21, 2024.

What is the market cap of SunOpta (STKL)?

The market cap of SunOpta (STKL) is approximately 884.5M.

What does SunOpta, Inc. specialize in?

SunOpta specializes in sourcing, processing, and manufacturing organic and non-GMO food products, including plant-based beverages and snacks.

What are the core product platforms of SunOpta?

SunOpta's core product platforms are Healthy Fruit, Healthy Beverages, and Healthy Snacks.

What are some of SunOpta’s proprietary brands?

SunOpta owns the proprietary brands SOWN®, Dream®, and West Life™.

How does SunOpta ensure sustainability?

SunOpta integrates its operations from seed to packaged product, focusing on organic, non-GMO, and eco-friendly practices to ensure sustainability.

How many employees does SunOpta have?

SunOpta has approximately 1,800 employees worldwide.

What recent strategic move did SunOpta make?

On October 13, 2023, SunOpta sold certain assets of its frozen fruit operations, Sunrise Growers, to Nature's Touch to focus on core competencies.

Why is SunOpta significant in the food industry?

SunOpta is a leader in organic and non-GMO food production, offering a wide range of healthy, plant-based products that promote sustainability.

Where is SunOpta headquartered?

SunOpta is headquartered in the United States.

What environmental benefits do SunOpta's plant-based beverages offer?

SunOpta's plant-based beverages have a lower carbon footprint and water usage compared to traditional dairy milk.

Where can I find more information about SunOpta?

You can visit SunOpta's website at www.sunopta.com or follow them on LinkedIn and Twitter for more information.

SunOpta, Inc.

Nasdaq:STKL

STKL Rankings

STKL Stock Data

884.53M
112.26M
3.91%
89.2%
4.41%
Beverages - Non-Alcoholic
Wholesale-farm Product Raw Materials
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United States of America
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