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Sunopta Inc (STKL.OQ)

STKL.OQ on NASDAQ Stock Exchange Global Select Market

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21 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Oaktree Acquires Additional Shares Of Sunopta
Monday, 18 Dec 2017 09:00am EST 

Dec 18 (Reuters) - Sunopta Inc ::OAKTREE ACQUIRES ADDITIONAL SHARES OF SUNOPTA.‍OAKTREE CAPITAL MANAGEMENT SAYS FUNDS MANAGED BY OAKTREE INCREASED THEIR BENEFICIAL OWNERSHIP IN COMMON SHARES OF SUNOPTA INC​.OAKTREE CAPITAL MANAGEMENT SAYS ‍ON DEC 15, FUNDS MANAGED BY OAKTREE ACQUIRED 3.7 MILLION SUNOPTA COMMON SHARES AT $7.50 / SHARE.  Full Article

SunOpta Announces Investment In Roasted Snacks Capabilities
Wednesday, 6 Dec 2017 07:30am EST 

Dec 6 (Reuters) - SunOpta Inc ::SUNOPTA INC. ANNOUNCES INVESTMENT IN ROASTED SNACKS CAPABILITIES.SUNOPTA INC - IS MAKING "SIGNIFICANT" INVESTMENT IN ITS ROASTED SNACKS OPERATIONS AT ITS FACILITY IN CROOKSTON, MN.SUNOPTA - IN CONJUNCTION WITH INVESTMENT, CUSTOMERS AND CAPABILITIES FROM WAHPETON, ND ROASTING FACILITY WILL BE CONSOLIDATED INTO CROOKSTON LOCATION.SUNOPTA INC - IN CONJUNCTION WITH INVESTMENT, OPERATIONS AT WAHPETON LOCATION ARE ANTICIPATED TO CEASE DURING SECOND FISCAL QUARTER OF 2018.SUNOPTA - EXPECTS TO INCUR EXPENSES RELATING TO WAHPETON FACILITY CLOSURE OF APPROXIMATELY $2.0 MILLION TO $2.5 MILLION RELATED TO ASSET IMPAIRMENT CHARGES.SUNOPTA - CHARGES RELATING TO WAHPETON FACILITY CLOSURE ARE EXPECTED TO BE RECOGNIZED DURING Q4 OF FISCAL 2017.  Full Article

Sunopta Q3 adjusted loss per share $0.02
Wednesday, 8 Nov 2017 07:30am EST 

Nov 8 (Reuters) - Sunopta Inc :Sunopta announces third quarter fiscal 2017 financial results.Q3 adjusted loss per share $0.02.Q3 loss per share $0.09 from continuing operations.Q3 revenue $320.7 million versus i/b/e/s view $335.7 million.Q3 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.Sunopta inc - ‍derek briffett has been appointed to company's board of directors, increasing size of board to nine directors​.Sunopta - ‍announcement of exit from nutrition bar product lines and operations in carson city, nv, targeting substantial completion by end of q4 2017​.  Full Article

Sunopta says ‍intends to exit its nutrition bar product lines and operations in Carson City, NV​
Wednesday, 27 Sep 2017 07:30am EDT 

Sept 27 (Reuters) - Sunopta Inc ::Says ‍intends to exit its nutrition bar product lines and operations in Carson City, NV​.Says ‍cessation of operations is part of co's ongoing portfolio optimization strategy and value creation plan​.Sunopta Inc - ‍expects to incur charges of approximately $8.0 million to $9.5 million relating to facility closure​.Sunopta Inc says working with its nutrition bar customers to expedite exit from these operations and is targeting completion by end of fiscal 2017​.Sunopta Inc - ‍decision to cease operations at carson city is accretive to ebitda and allows co to redeploy both financial and human resources towards more profitable segments of co's business​.Sunopta Inc - non-cash and cash charges relating to facility closure are expected to be recognized during third and fourth quarters of fiscal 2017.Sunopta-Cash charges relating to facility closure are expected to be largely offset by recovery of working capital after full wind-down of operations.  Full Article

FDA says Sunopta's unit voluntarily recalls some products
Wednesday, 23 Aug 2017 05:00pm EDT 

Aug 23 (Reuters) - U.S. FDA::U.S. FDA-Sunopta's unit voluntarily recalls certain frozen organic dark sweet pitted cherry products due to possible contamination by listeria monocytogenes.U.S. FDA-Recall includes frozen organic dark sweet pitted cherry products distributed from Sunrise Grower’S facility in Edwardsville, Kansas on Aug 10.U.S. FDA - in connection with the recall, no illnesses related to the consumption of the dark sweet pitted cherry products have been reported‍​.  Full Article

Sunopta's unit issues voluntary recall of certain frozen organic dark sweet pitted cherry products​
Wednesday, 23 Aug 2017 09:30am EDT 

Aug 23 (Reuters) - Sunopta Inc ::Recall of certain frozen organic dark sweet pitted cherry products due to possible contamination by listeria monocytogenes.Subsidiary Sunrise Growers issued a voluntary recall of certain frozen organic dark sweet pitted cherry products​.Ninety cases of great value organic dark sweet pitted cherry products are being recalled​.Recall of products due to the potential to be contaminated with listeria monocytogenes​.  Full Article

Sunopta posts Q2 adj. loss $0.01/shr from continuing operations
Wednesday, 9 Aug 2017 07:30am EDT 

Aug 9 (Reuters) - Sunopta Inc :Sunopta announces second quarter fiscal 2017 financial results.Q2 loss per share $0.03 from continuing operations.Q2 revenue $336.5 million versus I/B/E/S view $341.2 million.Q2 adjusted loss per share $0.01 from continuing operations.  Full Article

Sunopta Inc announces exit from flexible re-sealable pouch products
Thursday, 27 Jul 2017 07:30am EDT 

July 27 (Reuters) - Sunopta Inc :Sunopta Inc announces exit from flexible re-sealable pouch products and sale of its Allentown pouch equipment.Sunopta - signed agreement to sell equipment used in production of flexible, re-sealable pouches from Allentown, PA facility to Skjodt-Barrett for $2 million​.Sunopta Inc - ‍anticipate discontinuation of contract manufacturing pouched baby food products to be profit neutral​.Sunopta Inc - Sunopta will continue to produce aseptic beverages from its Allentown, PA facility, which were not part of sale​.  Full Article

Funds managed by Oaktree increase ownership in SunOpta
Wednesday, 21 Jun 2017 04:30pm EDT 

June 21 (Reuters) - Oaktree Capital Group Llc::Oaktree Capital Group Llc - funds managed by Oaktree increased their beneficial ownership in common shares of SunOpta Inc during Q2 of 2017.Oaktree Capital Group Llc - on May 12, 2017, funds managed by Oaktree acquired 1.4 million common shares in aggregate at a price of US$8.00 per share.Oaktree Capital Group Llc- funds managed by Oaktree beneficially own about 16.16 percent of outstanding common shares of SunOpta on partially diluted basis.  Full Article

Sunopta posts Q1 adj. loss $0.01/shr from continuing operations
Wednesday, 10 May 2017 07:30am EDT 

May 10 (Reuters) - Sunopta Inc :Sunopta announces first quarter fiscal 2017 financial results.Q1 adjusted loss per share $0.01 from continuing operations.Q1 loss per share $0.16 from continuing operations.Q1 revenue $330 million versus I/B/E/S view $344.2 million.Q1 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.Sunopta Inc - on track with value creation plan.Sunopta Inc - is targeting implementation of $30 million of productivity-driven annualized enhancements of EBITDA, to be implemented over 2017 and 2018.Sunopta Inc - plans increased investment in capital upgrades at several manufacturing facilities to enhance food safety and manufacturing efficiencies.Sunopta Inc - expects to use cash to fund working capital in Q2 due primarily to timing of fruit harvest.  Full Article

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