SunOpta invests in oat milk site expansion [Yahoo! Finance]
SunOpta, Inc. (STKL)
Last sunopta, inc. earnings: 2/27 07:30 am
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Source: Yahoo! Finance
The money was used by the group to build a new oat extraction production line at the plant, which started operations last month. SunOpta claims the 167,684 square feet addition is its "second largest" expansion project completed to date in the US. The move is expected to help the group grow its annual oat milk production by 60% starting from 2025, it told Just Drinks The technology installed uses a "proprietary enzymatic processes", which turns oats "into a liquid oatbase" to be used used to manufacture oat-based products such as oat milk, ice creams and yogurts. SunOpta processes dried and liquid oatbase as an ingredient for other food and drink manufacturers at the Modesto plant, as well as private-label oat milks for brands, foodservice and retailers in the US. It also owns three plant milk brands: West Life, Sown and Dream, the latter of which will now be produced at Modesto. Seventeen new jobs have been created at the new production line, bringing the total number of
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STKL
News
- SunOpta Inc. (NASDAQ: STKL) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- SunOpta Invests $26 Million To Expand California Plant-Based Beverage Processing Facility [Yahoo! Finance]Yahoo! Finance
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STKL
Earnings
- 5/8/24 - In-Line
STKL
Sec Filings
- 5/31/24 - Form 4
- 5/31/24 - Form 4
- 5/31/24 - Form 4
- STKL's page on the SEC website