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. is a former listed North American supply chain solutions provider whose recent news centers on its completed acquisition by an affiliate of Refresco. Company updates include the court-approved plan of arrangement under the Canada Business Corporations Act, shareholder approvals, cash consideration for common shares, and the delisting of the company’s shares from Nasdaq and the Toronto Stock Exchange.
SunOpta news also covers operating and financial results, outlook disclosures, capital-structure matters, governance actions, and risk-factor disclosures. The record now serves as historical public-company reference for SunOpta’s transition from a listed issuer to a company with deregistration and cease-reporting actions following the completed arrangement.
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SunOpta Inc. (NASDAQ:STKL) will release its financial results for Q1 2023 on May 10, 2023, after market close. A conference call to discuss these results and recent developments will be held at 5:30 p.m. Eastern Time. Interested investors can access the live webcast via the Company’s website or directly here. The call will also include a question-and-answer session. The Company focuses on sustainable, plant-based and fruit-based foods and beverages, operating nearly 50 years in the industry. SunOpta produces both its own brands and private label products.
SunOpta Inc. (NASDAQ: STKL) announced the appointment of Diego Reynoso to its Board of Directors, adding expertise in finance and operations from the food and spirits industry. Reynoso, who has over 25 years of experience, currently serves as CFO of Tyson Foods' Prepared Foods division and previously led Constellation Brands' $5 billion beer division. The Board is confident that his background in sustainability and innovation will enhance the company's growth strategy in the plant-based foods sector. With this addition, SunOpta's Board now consists of eight members.
SunOpta Inc. (NASDAQ:STKL) has announced an analyst and investor meeting at its new plant-based beverage facility in Midlothian, Texas, scheduled for April 11, 2023, at 11:00 a.m. Eastern Time. The event will feature a live webcast available on the company's website under 'Investor Relations', with a replay accessible for 90 days. Due to capacity limitations, in-person attendance is restricted, and interested parties should contact investors@sunopta.com for invitations. SunOpta is a pioneer in sustainable plant-based and fruit-based food products.
SunOpta Inc. (Nasdaq:STKL) reported a 4Q 2022 revenue increase of 8.4% to $221.3 million, driven by 10.8% growth in plant-based products and 4.5% in fruit-based products. Notably, excluding the divested sunflower business, plant-based revenue surged by 23.5%. Consolidated gross profit rose 56.4% to $28.2 million, with adjusted EBITDA skyrocketing 122.7% to $23.5 million. The net loss from continuing operations shrank to $0.9 million from $6.1 million a year ago. For 2023, revenue is projected between $1,000 and $1,050 million, suggesting a growth rate of 7% to 12%.
SunOpta Inc. (NASDAQ:STKL) has announced that it will release its financial results for Q4 and the full year 2022 after market close on March 1, 2023. A conference call will be held at 5:30 PM ET the same day to discuss the results and corporate developments, with a live webcast available on their website. SunOpta is recognized as a leader in sustainable plant-based and fruit-based food and beverages, providing natural, organic products for retail and foodservice channels. The call will include a question-and-answer session for investors.