Engaged Capital, LLC Completes Significant Investment in SunOpta Inc.

Goodmans LLP represented Engaged Capital, LLC (“Engaged”) in their investment of up to a total of US$30 million in SunOpta Inc. (“SunOpta” or the “Company”) in the form of exchangeable preferred shares, in addition to an equal investment by Oaktree Capital Management, L.P. (“Oaktree”).

Proceeds from the equity investment will be used primarily to invest in the Company’s plant-based foods and beverages business, principally to add capacity via capital projects and to provide incremental liquidity given the current general economic uncertainty.