SunOpta

SunOpta Announces Fourth Quarter and Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
Sustainability, Environment, Other Manufacturing, Specialty, Food, Beverage, Organic Food, Manufacturing, Retail, TSX, SunOpta, Growth, Snack, Depreciation, Drink, Fruit, Adjustment, Video game

SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced financial results for the fourth quarter and fiscal year ended December 30, 2023.

Key Points: 
  • SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced financial results for the fourth quarter and fiscal year ended December 30, 2023.
  • Adjusted gross margin1 was 17.3% for the fourth quarter of 2023 compared to 17.8% in the fourth quarter of 2022.
  • Operating income was $5.1 million, or 2.8% of revenues in the fourth quarter of 2023, compared to operating income of $3.4 million, or 2.1% of revenues in the fourth quarter of 2022.
  • During the fourth quarter of 2023, cash provided by operating activities of continuing operations was $12.0 million compared to $7.3 million during the fourth quarter of 2022.

Bicycle Therapeutics Reports Recent Business Progress and Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, February 20, 2024
Biotechnology, General Health, Pharmaceutical, Health, Toxicity, Growth, Ovarian cancer, Radiopharmaceutical, Patient, Anal cancer, Bicycle, McKinsey & Company, Head, Cervical cancer, EV, Neoplasm, ATM, Therapy, Food and Drug Administration, TNBC, Net, Former, CMC, Thromboxane A2, Immune system, NSCLC, MUC, Peripheral neuropathy, SunOpta, Safety, Ovary, Participation, Knowledge, Novartis, Lazard, BRC, FDA, Cancer, Food, Pembrolizumab, Government, ADC, Brentuximab vedotin, CD137, Pharmaceutical industry

Bicycle Therapeutics plc (NASDAQ: BCYC), a biopharmaceutical company pioneering a new and differentiated class of therapeutics based on its proprietary bicyclic peptide (Bicycle®) technology, today reported financial results for the fourth quarter and full year ended December 31, 2023, and provided recent corporate updates.

Key Points: 
  • Bicycle Therapeutics plc (NASDAQ: BCYC), a biopharmaceutical company pioneering a new and differentiated class of therapeutics based on its proprietary bicyclic peptide (Bicycle®) technology, today reported financial results for the fourth quarter and full year ended December 31, 2023, and provided recent corporate updates.
  • We continue to demonstrate our ability to develop highly differentiated, precision-guided therapeutics that may offer greater tolerability and lead to enhanced benefit for patients,” said Kevin Lee, Ph.D., CEO of Bicycle Therapeutics.
  • Validating the company’s Bicycle® Radio Conjugates (BRC™) pipeline and partner for success, with updates expected from its wholly owned BRC program by mid-2024.
  • Advancing the company’s Bicycle Tumor-Targeted Immune Cell Agonist® (Bicycle TICA®) immune-oncology pipeline through innovative partnerships.

CD&R Appoints Consumer Products Executive Leslie Starr as Operating Advisor

Retrieved on: 
Tuesday, February 27, 2024
Dubilier, Growth, Frito-Lay, Georgia State University, Retirement, MBA, Food, Clayton, Dubilier & Rice, CD&R, SunOpta, Mechanical engineering, Transformation, Executive, Procter & Gamble, Shearer's Foods, Knowledge, PepsiCo, Management

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Clayton, Dubilier & Rice ("CD&R" or the "Firm") today announced the appointment of Leslie Starr as an Operating Advisor to CD&R funds.

Key Points: 
  • NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Clayton, Dubilier & Rice ("CD&R" or the "Firm") today announced the appointment of Leslie Starr as an Operating Advisor to CD&R funds.
  • Ms. Starr will work with CD&R's consumer team to advise the funds' consumer businesses.
  • Ms. Starr brings more than 35 years of experience as a senior executive and leader in the consumer products industry.
  • Ms. Starr held numerous executive roles over her 31 years with PepsiCo after beginning her career with Proctor and Gamble.

SunOpta Inc. Schedules Fourth Quarter and Fiscal 2023 Financial Results Release and Conference Call

Retrieved on: 
Wednesday, February 7, 2024
Supermarket, Retail, Food, Beverage, Organic Food, SunOpta, TSX, Webcast, Drink, Conference

SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced that the Company will issue financial results for the fourth quarter and fiscal year ended December 30, 2023 after the markets close on Wednesday, February 28, 2024.

Key Points: 
  • SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced that the Company will issue financial results for the fourth quarter and fiscal year ended December 30, 2023 after the markets close on Wednesday, February 28, 2024.
  • Following the release, SunOpta will host a conference call at 5:30 p.m. Eastern Time to discuss its financial results and recent corporate developments.
  • A replay of the webcast will be archived and can be accessed for approximately 90 days on the Company’s website.
  • This call may be accessed with the toll free dial-in number (888) 440-4182 or international dial-in number (646) 960-0653 using Conference ID: 8338433.

SunOpta Inc. Reports Inducement Grants to CEO Brian W. Kocher Under NASDAQ Listing Rule 5635(c)(4)

Retrieved on: 
Thursday, January 4, 2024
Organic Food, Professional Services, Retail, Supermarket, Finance, Food, Beverage, TSX, Compensated emancipation, Employment, Drink, SunOpta

These awards were approved by the Compensation Committee of the SunOpta Board of Directors on December 1, 2023, and granted as an inducement equity award outside the Company's 2013 Stock Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4).

Key Points: 
  • These awards were approved by the Compensation Committee of the SunOpta Board of Directors on December 1, 2023, and granted as an inducement equity award outside the Company's 2013 Stock Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4).
  • SunOpta granted Mr. Kocher 144,404 restricted stock units, 230,804 time-based stock options and 288,808 performance stock units at target performance (not to exceed 577,616 units at 200% of target performance), effective on his first day of employment.
  • SunOpta will issue additional restricted stock units to Mr. Kocher equal to the number of shares of common stock, not to exceed $1,000,000, purchased by Mr. Kocher in the open market within a designated timeframe.
  • Each vested performance stock unit will entitle Mr. Kocher to receive one common share of SunOpta without payment of additional consideration.

SunOpta Announces New Credit Agreement

Retrieved on: 
Wednesday, December 13, 2023
Organic Food, Retail, Environment, Sustainability, Supermarket, Food, Beverage, Food court, Drink, Bank, JPMorgan Chase, SunOpta, Credit, Chase Bank, Bank of America, TSX, BofA Securities

SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced that on December 8, 2023, the Company entered into a new $180 million term loan credit facility (the “New Term Loan Credit Facility”) and a new $85 million revolving credit facility (the “New Revolving Credit Facility”) (collectively, the “New Credit Facilities”).

Key Points: 
  • SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced that on December 8, 2023, the Company entered into a new $180 million term loan credit facility (the “New Term Loan Credit Facility”) and a new $85 million revolving credit facility (the “New Revolving Credit Facility”) (collectively, the “New Credit Facilities”).
  • The proceeds of the New Term Loan Credit Facility and the proceeds of a drawing of the New Revolving Credit Facility were used to repay in full the amounts owing under the Company’s existing credit agreement and to repay and terminate certain capital lease obligations.
  • The New Credit Facilities, which have a term of five years, replace the Company's existing credit agreement.
  • The credit facilities were oversubscribed and we appreciate the continued support of the syndicate of five banks,” said Greg Gaba, Chief Financial Officer of SunOpta.

SunOpta Announces CEO Retirement and Appoints Brian W. Kocher as Successor

Retrieved on: 
Wednesday, December 6, 2023
Other Retail, Supermarket, Specialty, Restaurant, Bar, Food, Beverage, Retail, Agriculture, Organic Food, Natural Resources, Drink, Interim, Ohio University, SunOpta, EVP, Business administration, Adjustment, Controller, Retirement, Growth, TSX, SVP, Management, Calavo Growers, Castellini

The Board has appointed Brian W. Kocher as the new Chief Executive Officer, effective January 2, 2024.

Key Points: 
  • The Board has appointed Brian W. Kocher as the new Chief Executive Officer, effective January 2, 2024.
  • In conjunction with this appointment, Mr. Kocher will also become a member of the Board.
  • Mr. Kocher brings a wealth of experience in manufacturing intensive businesses in complex, multi-national organizations and has a strong track record of driving growth and productivity improvements.
  • Mr. Kocher graduated from Ohio University in Athens, Ohio with a Bachelor of Business Administration (Accounting) degree.

Global Dietary Fiber Market Analysis and Forecast 2023-2028: Rising Health Awareness and Urbanization Drive Global Dietary Fiber Market, Predicted to Expand Significantly by 2028 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, November 28, 2023
Retail, Fitness & Nutrition, Health, Food, Beverage, Solubility, Dietary fiber, International Flavors & Fragrances, Kerry Group, Research, Prevalence, Urbanization, Competition, Investment, Fruit, Cargill, Obesity, Advertising, ADM (company), SunOpta, Ingredion, Diet (nutrition), Animal feed, Growth, Tate & Lyle, Diabetes, Education, Dietary supplement

The report projects significant growth for the global dietary fiber market, with a compound annual growth rate (CAGR) of 10.2% expected during the forecast period from 2023 to 2028.

Key Points: 
  • The report projects significant growth for the global dietary fiber market, with a compound annual growth rate (CAGR) of 10.2% expected during the forecast period from 2023 to 2028.
  • By the end of 2028, the market is anticipated to reach a total value of $11.41 billion, up from $5.86 billion in 2021.
  • The study also provides a competitive landscape of the industry, highlighting key players in the global dietary fiber market.
  • Examination of the Dietary Fiber Market by Source (Fruits & Vegetables, Cereals & Grains, Others)
    Analysis of the Dietary Fiber Market by Type (Soluble, Insoluble)
    Assessment of the Dietary Fiber Market by End-use (Food & Beverages, Pharmaceutical, Animal Feed, Others)
    Analysis of the Global Dietary Fiber Market by countries (United States, Canada, Brazil, United Kingdom, Germany, France, China, India, Japan, Indonesia)
    Evaluation of market attractiveness by region, dietary fiber type, dietary fiber form, and sales channel
    The global dietary fiber market is poised for significant growth, driven by factors such as increasing health awareness, urbanization, and consumer preference for healthy lifestyles.

Plant-Based Milk Revolution: U.S. Market Insights on Almond, Oat, and Beyond - ResearchAndMarkets.com

Retrieved on: 
Monday, November 27, 2023
Food, Beverage, Retail, Diamond, Karma, Data, Flax, Glass, Drink, Vanilla, Plant, Coffee, Silk, SunOpta, Chocolate, Growth, COVID-19, Dairy, Microsoft Excel, Hain Celestial Group

This report offers comprehensive coverage of the various components of the innovation-rich non-dairy, plant-based beverage market.

Key Points: 
  • This report offers comprehensive coverage of the various components of the innovation-rich non-dairy, plant-based beverage market.
  • Data is provided on total market volume as well as volume by segment, flavor, distribution channel and package type.
  • Leading players' sales volume, growth and share are provided and the private label market for both soy and almond milk are also quantified.
  • The report offers Beverage Marketing's exclusive five-year projections for various aspects of the dairy alternative beverage market including packaging, flavors and more.

SunOpta, Leading Plant-Based Food and Beverage Company, Celebrates 50 Years of Sustainability

Retrieved on: 
Tuesday, November 14, 2023
Retail, Other Retail, Environment, Sustainability, Green Technology, Specialty, Food, Beverage, DREAM, Drink, Biomass, Stock, Snack, Post Holdings, Multimedia, Fruit, Growth, TSX, Oat, ESG, Tourism, Tea, Renewable energy, Cereal, SunOpta

Since its inception 50 years ago, sustainability has remained at the forefront of SunOpta’s mission and business operations.

Key Points: 
  • Since its inception 50 years ago, sustainability has remained at the forefront of SunOpta’s mission and business operations.
  • It later entered into the industrial mineral business, then into the natural and organic foods business, and eventually made a bold move to become a pioneer in the plant-based food and beverage space.
  • Sustainability has always been part of the company culture and at the root of everything SunOpta does as a high-growth food and beverage company.
  • Looking ahead, SunOpta remains committed to sustainably fueling the future of food for the next 50 years and beyond.