SunOpta Shares Jump Over 4% as Dream Oatmilk Barista Lands in 6,700 Locations of Certain Well-Known Chain
SunOpta Inc. has announced that it will expand the distribution of its Dream Oatmilk Barista product to an additional 6,700 locations across North America starting in January 2025. The expansion is part of a partnership with an unnamed large coffee chain. While SunOpta has not officially disclosed the partner, investment firm DA Davidson has suggested that Starbucks is likely the partner, according to a report by TipRanks. Following the announcement, SunOpta’s stock saw a 4.4% increase, rising to CAD 8.62 ($6.32 USD) at the time of writing, according to MarketWatch. The increase in distribution will take advantage of SunOpta’s existing manufacturing infrastructure, including its oat extraction facility in Modesto, California, and a production site in Midlothian, Texas. Both facilities are expected to support the larger …