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Sunopta Inc (SOY.TO)

SOY.TO on Toronto Stock Exchange

4.70CAD
22 Mar 2019
Change (% chg)

$-0.08 (-1.67%)
Prev Close
$4.78
Open
$4.60
Day's High
$4.83
Day's Low
$4.58
Volume
52,203
Avg. Vol
86,858
52-wk High
$11.97
52-wk Low
$2.92

Latest Key Developments (Source: Significant Developments)

SunOpta Inc - Katrina Houde To Step Down From Audit Committee
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - SunOpta Inc ::SUNOPTA INC - COMPANY WILL PAY KATRINA HOUDE A SALARY BASED ON AN ANNUAL SALARY AMOUNT OF $650,000, EFFECTIVE FEBRUARY 22, 2019.SUNOPTA INC - KATRINA HOUDE TO STEP DOWN FROM SERVING ON AUDIT COMMITTEE, CHAIR OF CORPORATE GOVERNANCE COMMITTEE WHILE SERVING AS INTERIM CEO.  Full Article

Sunopta Q4 Adjusted Loss Per Share $0.11
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Sunopta Inc ::SUNOPTA ANNOUNCES FOURTH QUARTER FISCAL 2018 FINANCIAL RESULTS AND ADDITIONAL DETAILS ON SALE OF SPECIALTY AND ORGANIC SOY AND CORN BUSINESS.Q4 LOSS PER SHARE $1.13.Q4 REVENUE $320.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $292.9 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.07 -- REFINITIV IBES DATA.Q4 ADJUSTED LOSS PER SHARE $0.11.IN 2018, SOY AND CORN BUSINESS CONTRIBUTED $104.4 MILLION OF EXTERNAL REVENUE.Q4 PROFITABILITY WAS PRESSURED BY GROWTH INVESTMENTS AND COSTS ASSOCIATED WITH LAUNCH OF NEW SKUS ACROSS CONSUMER PRODUCTS SEGMENT..DURING Q4 OF 2018, COMPANY RECOGNIZED A NON-CASH GOODWILL IMPAIRMENT CHARGE OF $81.2 MILLION.EXPECTS TO RATIONALIZE AN ADDITIONAL $3.0 MILLION OF SG&A EXPENSES FROM SOY AND CORN BUSINESS SALE.NET PROCEEDS FROM SALE WILL INITIALLY BE USED TO LOWER DRAWN AMOUNT ON COMPANY'S GLOBAL CREDIT FACILITY.SUNOPTA - CO, PIPELINE ENTERED INTO MULTI-YEAR SUPPLY AGREEMENT FOR CERTAIN ORGANIC, NON-GMO INGREDIENTS USED IN SUNOPTA'S BEVERAGE AND SNACKS PORTFOLIO.IN 2019, COMPANY IS TARGETING $10 MILLION OF IN-YEAR PRODUCTIVITY-DRIVEN MARGIN ENHANCEMENT.  Full Article

Sunopta Announces Termination Of David Colo As CEO
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Sunopta Inc ::SUNOPTA ANNOUNCES CEO TRANSITION.SUNOPTA INC - ANNOUNCED TERMINATION OF DAVID J. COLO AS PRESIDENT, CHIEF EXECUTIVE OFFICER.SUNOPTA INC - COLO'S SERVICE AS A MEMBER OF SUNOPTA'S BOARD OF DIRECTORS IS ALSO TERMINATED..SUNOPTA INC - DIRECTOR KATRINA L. HOUDE, A SUNOPTA DIRECTOR SINCE 2000, WILL SERVE AS INTERIM CEO TO FACILITATE AN ORDERLY TRANSITION.SUNOPTA INC - BOARD OF DIRECTORS HAS FORMED A CEO SEARCH COMMITTEE AND HAS ENGAGED AN EXECUTIVE SEARCH FIRM TO IDENTIFY MR. COLO'S SUCCESSOR.SUNOPTA INC - KATRINA L. HOUDE WILL SERVE AS INTERIM CEO.SUNOPTA INC - BOARD OF DIRECTORS HAS FORMED A CEO SEARCH COMMITTEE AND HAS ENGAGED AN EXECUTIVE SEARCH FIRM TO IDENTIFY COLO'S SUCCESSOR..  Full Article

Sunopta Announces Q3 Loss Per Share $0.08
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Sunopta Inc ::SUNOPTA ANNOUNCES THIRD QUARTER FISCAL 2018 FINANCIAL RESULTS.Q3 ADJUSTED LOSS PER SHARE $0.04.Q3 LOSS PER SHARE $0.08.Q3 REVENUE $308.4 MILLION VERSUS I/B/E/S VIEW $320 MILLION.Q3 EARNINGS PER SHARE VIEW $-0.02 -- THOMSON REUTERS I/B/E/S.TARGETING IMPLEMENTATION OF $30 MILLION OF ANNUALIZED ENHANCEMENTS TO EBITDA IN FIRST PHASE OF PLAN, TO BE IMPLEMENTED OVER 2017 AND 2018.FOR 2018, EBITDA BENEFITS EXPECTED TO BE OFFSET BY A DECLINE IN PROFITABILITY IN FROZEN FRUIT PLATFORM.  Full Article

Sunopta Reports Q1 Adjusted Loss Per Share Of $0.07
Wednesday, 9 May 2018 

May 9 (Reuters) - Sunopta Inc ::SUNOPTA ANNOUNCES FIRST QUARTER FISCAL 2018 FINANCIAL RESULTS.Q1 ADJUSTED LOSS PER SHARE $0.07.Q1 REVENUE $312.7 MILLION VERSUS I/B/E/S VIEW $310.5 MILLION.Q1 EARNINGS PER SHARE VIEW $-0.05 -- THOMSON REUTERS I/B/E/S.  Full Article

Oaktree Acquires Additional Shares Of Sunopta
Monday, 18 Dec 2017 

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 

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 

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,units oenter into amendment to existing credit agreement
Saturday, 23 Sep 2017 

Sept 22 (Reuters) - Sunopta Inc ::On Sept 19, co, Sunopta Foods, Organic Corp, certain other subsidiaries of company entered into amendment to existing credit agreement​ - SEC filing.Amendment ‍to asset-based revolving credit facility adds additional U.S. Asset-Based revolving credit subfacility of $15 million.Proceeds of new U.S. Subfacility to repay borrowings under existing U.S. asset-based revolving credit subfacility per Existing Credit Agreement​.  Full Article