Diligence memo · auto-generated · as of July 2, 2026
SunOpta Inc.
SunOpta Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
SunOpta Inc. operates in Agriculture, based in EDEN PRAIRIE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
SunOpta Inc. has raised $197M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $85M on 2016-10-07.
Most recent recorded round closed around 2023-03-03.
Valuation (modeled)modeled
Provath models SunOpta Inc. at approximately $380M (range $192M–$693M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.62× the median modeled value of Series C Agriculture companies in 2022–2024 (17 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 26 months.
Last raise 3.3 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 1.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 99% of Agriculture peers (1056 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: RTH Farms, LLP, Open Blue Sea Farms, Inc., VISM Global Agro Invest Corp., Our Family Farm Llc, Jingcaoyuan Holdings Inc.
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.