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SunOpta Inc
Symbol SOY
Shares Issued 119,448,888
Close 2024-10-08 C$ 8.26
Market Cap C$ 986,647,815
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SunOpta to expand Dream Oatmilk Barista in January

2024-10-09 15:01 ET - News Release

Mr. Brian Kocher reports

SUNOPTA TO EXPAND DREAM OATMILK TO 6,700 ADDITIONAL STORES THROUGH LARGE COFFEE CHAIN PARTNERSHIP

SunOpta Inc. will expand Dream Oatmilk Barista, in January, 2025, to an additional 6,700 stores across North America through a partnership with a large coffee chain. This expansion significantly increases the distribution of SunOpta Dream Oatmilk Barista in collaboration with its largest customer. The growth will substantially utilize the oat extraction capacity from SunOpta's Modesto, Calif., investment announced in June, 2024, and expand utilization of its manufacturing facility in Midlothian, Tex.

"We're incredibly proud to supply our customers with plant-based beverage options, including our Dream Oatmilk Barista," said Brian Kocher, chief executive officer of SunOpta. "We understand that every single impression for a barista and a coffee lover is precious. We offer delicious plant-based alternatives while striving to create a perfect experience. At the same time, we are committed to a more sustainable future by working to reduce water, packaging and carbon emissions."

For over 50 years, sustainability has been at the core of SunOpta's mission, and the expansion of oat milk distribution is another example of this commitment. By leveraging SunOpta's nationwide manufacturing network and recyclable packaging formats, SunOpta will continue to strive to reduce food miles, improve cost-efficiencies for customers and minimize packaging waste.

The plant-based milk market is expected to grow significantly in the coming years, with some estimates predicting it will double in size by 2033. Specifically, oat milk has quickly grown to the second-most popular plant-based beverage on the market.

About SunOpta Inc.

SunOpta is an innovative and sustainable manufacturer fuelling the future of food. With roots tracing back over 50 years, SunOpta drives growth for today's leading brands by serving as a trusted innovation partner and value-added manufacturer, crafting organic, plant-based beverages, fruit snacks, nutritional beverages, broths and tea products sold through retail, club, food service and e-commerce channels. Alongside the company's commitment to top brands, retailers and coffee shops, SunOpta also proudly produces its own brands, including Dream, Sown and West Life.

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