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Sunopta, Inc. - STKL STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sunopta's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sunopta's position in the market.

News
SunOpta Amends Series B-1 Preferred Share Terms to Eliminate Dividend
Rhea-AI Summary
SunOpta Inc. announced the elimination of dividend rights attached to the Series B-1 Preferred Stock of its subsidiary, SunOpta Foods Inc., effective from December 31, 2023. Oaktree Capital Management acquired 15,000 Series B-1 Preferred Shares for US$15 million in 2020 to support the plant-based foods business. The amendment stops the 8% annual dividend payment, which could have increased to 10% and become payable only in cash by 2029.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
dividends
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News
SunOpta Inc. Schedules First Quarter 2024 Financial Results Release and Conference Call
Rhea-AI Summary
SunOpta Inc. announced the schedule for its first quarter 2024 financial results release and conference call. The Company will issue financial results on May 8, 2024, followed by a conference call to discuss recent developments. Investors can access the live webcast on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.65%
Tags
earnings
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News
SunOpta Announces Fourth Quarter and Fiscal 2023 Financial Results
Rhea-AI Summary
SunOpta Inc. reported a 13.7% revenue increase to $181.6 million in Q4 2023, with an adjusted EBITDA growth of 17.5%. Despite a loss from continuing operations of $1.8 million, the company re-affirmed its optimistic outlook for 2024, emphasizing growth in plant-based foods and beverages.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.97%
Tags
earnings
News
CD&R Appoints Consumer Products Executive Leslie Starr as Operating Advisor
Rhea-AI Summary
Clayton, Dubilier & Rice appoints Leslie Starr as Operating Advisor, leveraging her 35 years of experience in consumer products industry. Starr's strategic leadership at PepsiCo and Advance Auto Parts brings transformative value to CD&R funds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
management
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News
SunOpta Inc. Schedules Fourth Quarter and Fiscal 2023 Financial Results Release and Conference Call
Rhea-AI Summary
SunOpta Inc., a U.S.-based global pioneer in sustainable, plant-based foods and beverages, will release its financial results for the fourth quarter and fiscal year ended December 30, 2023, on February 28, 2024. The company will also host a conference call to discuss its financial results and recent corporate developments, followed by a question and answer period. Investors can access the live webcast on SunOpta’s website or through dial-in numbers. A replay of the webcast will be available on the company’s website for approximately 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
earnings
-
News
SunOpta Inc. Reports Inducement Grants to CEO Brian W. Kocher Under NASDAQ Listing Rule 5635(c)(4)
Rhea-AI Summary
SunOpta Inc. (STKL) reported the appointment of Brian W. Kocher as CEO and the granting of stock option, restricted stock, and performance stock awards, approved by the Compensation Committee, in accordance with NASDAQ Listing Rule 5635(c)(4). Mr. Kocher was granted 144,404 restricted stock units, 230,804 time-based stock options, and 288,808 performance stock units at target performance, effective on his first day of employment. The awards will vest over three years, and the performance stock units will be subject to specific performance hurdles based on the Company’s total shareholder return performance relative to certain Russell 3000 Food and Beverage companies during the period from January 1, 2024, to December 31, 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
News
SunOpta Inc. to Participate in Upcoming Investor Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
Tags
conferences
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News
SunOpta Announces New Credit Agreement
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.93%
Tags
none
-
News
SunOpta Announces CEO Retirement and Appoints Brian W. Kocher as Successor
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.49%
Tags
management
News
SunOpta, Leading Plant-Based Food and Beverage Company, Celebrates 50 Years of Sustainability
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Stock STKL logo
Sunopta, Inc.

Nasdaq:STKL

STKL Rankings

#2617 Ranked by Market Cap
#4982 Ranked by Stock Gains
N/A Ranked by Dividends

STKL Stock Data

705.07M
114.04M
3.71%
89.53%
6.66%
Fruit and Vegetable Canning
Manufacturing
Link
Canada
Mississauga

About STKL

sunopta inc. is a leading global company that sources organic ingredients, develops innovative products for brand owners, and packages healthy and organic food. the company specializes in sourcing, processing and manufacturing organic and non-gmo food products, integrated from seed through packaged products, focused on strategic vertically integrated business models. with about 1,800 employees worldwide, sunopta works to bring healthy food from field to table. the company's three consumer packaged goods platforms (healthy fruit, healthy beverages and healthy snacks) are supported by a global sourcing and supply infrastructure. throughout its history sunopta has evolved to become a strong, vibrant organization with a robust commitment to organic, non-gmo and specialty foods and environmental responsibility. the company is focused on building a profitable and sustainable organic and non-gmo foods business for 2016 and beyond.