<SEC-DOCUMENT>0000921895-20-001240.txt : 20200430
<SEC-HEADER>0000921895-20-001240.hdr.sgml : 20200430
<ACCEPTANCE-DATETIME>20200430162123
ACCESSION NUMBER:		0000921895-20-001240
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200424
FILED AS OF DATE:		20200430
DATE AS OF CHANGE:		20200430

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Engaged Capital LLC
		CENTRAL INDEX KEY:			0001559771
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34198
		FILM NUMBER:		20835958

	BUSINESS ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		949-734-7900

	MAIL ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Engaged Capital Holdings, LLC
		CENTRAL INDEX KEY:			0001580769

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34198
		FILM NUMBER:		20835959

	BUSINESS ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		(949) 734-7900

	MAIL ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Welling Glenn W.
		CENTRAL INDEX KEY:			0001580771

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34198
		FILM NUMBER:		20835960

	MAIL ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Engaged Capital Flagship Master Fund, LP
		CENTRAL INDEX KEY:			0001580761

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34198
		FILM NUMBER:		20835961

	BUSINESS ADDRESS:	
		STREET 1:		CRICKET SQUARE, HUTCHINS DRIVE
		STREET 2:		P.O. BOX 2681
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1111
		BUSINESS PHONE:		(949) 734-7900

	MAIL ADDRESS:	
		STREET 1:		CRICKET SQUARE, HUTCHINS DRIVE
		STREET 2:		P.O. BOX 2681
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1111

	FORMER NAME:	
		FORMER CONFORMED NAME:	Engaged Capital Master Feeder II, LP
		DATE OF NAME CHANGE:	20130703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Engaged Capital Co-Invest IV, LP
		CENTRAL INDEX KEY:			0001680308
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1216

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34198
		FILM NUMBER:		20835962

	BUSINESS ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE, SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		(949)734-7900

	MAIL ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE, SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Engaged Capital Co-Invest IV-A, LP
		CENTRAL INDEX KEY:			0001810615
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34198
		FILM NUMBER:		20835963

	BUSINESS ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE, SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		9497347815

	MAIL ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE, SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Engaged Capital Flagship Fund, L.P.
		CENTRAL INDEX KEY:			0001559850
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34198
		FILM NUMBER:		20835964

	BUSINESS ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			90272
		BUSINESS PHONE:		949-734-7900

	MAIL ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			90272

	FORMER NAME:	
		FORMER CONFORMED NAME:	Engaged Capital Fund, LP
		DATE OF NAME CHANGE:	20160805

	FORMER NAME:	
		FORMER CONFORMED NAME:	Engaged Capital Flagship Fund, LP
		DATE OF NAME CHANGE:	20160707

	FORMER NAME:	
		FORMER CONFORMED NAME:	ENGAGED CAPITAL II LP
		DATE OF NAME CHANGE:	20121009

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Engaged Capital Flagship Fund, Ltd.
		CENTRAL INDEX KEY:			0001619827
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34198
		FILM NUMBER:		20835965

	BUSINESS ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		949-734-7900

	MAIL ADDRESS:	
		STREET 1:		610 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 250
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660

	FORMER NAME:	
		FORMER CONFORMED NAME:	Engaged Capital Fund, Ltd.
		DATE OF NAME CHANGE:	20160805

	FORMER NAME:	
		FORMER CONFORMED NAME:	Engaged Capital Flagship Fund, Ltd.
		DATE OF NAME CHANGE:	20160707

	FORMER NAME:	
		FORMER CONFORMED NAME:	Engaged Capital II Offshore, Ltd.
		DATE OF NAME CHANGE:	20140918

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SunOpta Inc.
		CENTRAL INDEX KEY:			0000351834
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-FARM PRODUCT RAW MATERIALS [5150]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			0102

	BUSINESS ADDRESS:	
		STREET 1:		2233 ARGENTIA ROAD
		STREET 2:		SUITE 401
		CITY:			MISSISSAUGA
		STATE:			A6
		ZIP:			L5N 2X7
		BUSINESS PHONE:		(905) 455-1990

	MAIL ADDRESS:	
		STREET 1:		2233 ARGENTIA ROAD
		STREET 2:		SUITE 401
		CITY:			MISSISSAUGA
		STATE:			A6
		ZIP:			L5N 2X7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUNOPTA INC
		DATE OF NAME CHANGE:	20031107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STAKE TECHNOLOGY LTD
		DATE OF NAME CHANGE:	19940901
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form309455021_04302020.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2020-04-24</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000351834</issuerCik>
        <issuerName>SunOpta Inc.</issuerName>
        <issuerTradingSymbol>STKL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001559771</rptOwnerCik>
            <rptOwnerName>Engaged Capital LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>610 NEWPORT CENTER DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 250</rptOwnerStreet2>
            <rptOwnerCity>NEWPORT BEACH</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92660</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001580769</rptOwnerCik>
            <rptOwnerName>Engaged Capital Holdings, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>610 NEWPORT CENTER DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 250</rptOwnerStreet2>
            <rptOwnerCity>NEWPORT BEACH</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92660</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001580771</rptOwnerCik>
            <rptOwnerName>Welling Glenn W.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>610 NEWPORT CENTER DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 250</rptOwnerStreet2>
            <rptOwnerCity>NEWPORT BEACH</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92660</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001580761</rptOwnerCik>
            <rptOwnerName>Engaged Capital Flagship Master Fund, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>CRICKET SQUARE, HUTCHINS DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 2681</rptOwnerStreet2>
            <rptOwnerCity>GRAND CAYMAN</rptOwnerCity>
            <rptOwnerState>E9</rptOwnerState>
            <rptOwnerZipCode>KY1-1111</rptOwnerZipCode>
            <rptOwnerStateDescription>CAYMAN ISLANDS</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001680308</rptOwnerCik>
            <rptOwnerName>Engaged Capital Co-Invest IV, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>610 NEWPORT CENTER DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 250</rptOwnerStreet2>
            <rptOwnerCity>NEWPORT BEACH</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92660</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Footnote 1</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001810615</rptOwnerCik>
            <rptOwnerName>Engaged Capital Co-Invest IV-A, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>610 NEWPORT CENTER DRIVE, SUITE 250</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEWPORT BEACH</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92660</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Footnote 1</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001559850</rptOwnerCik>
            <rptOwnerName>Engaged Capital Flagship Fund, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>610 NEWPORT CENTER DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 250</rptOwnerStreet2>
            <rptOwnerCity>NEWPORT BEACH</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92660</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001619827</rptOwnerCik>
            <rptOwnerName>Engaged Capital Flagship Fund, Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>610 NEWPORT CENTER DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 250</rptOwnerStreet2>
            <rptOwnerCity>NEWPORT BEACH</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92660</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Shares</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5137331</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By: Engaged Capital Flagship Master Fund, LP</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Shares</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3166639</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By: Engaged Capital Co-Invest IV, LP</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Shares</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>427937</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By: Managed Account of Engaged Capital, LLC</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Special Shares, Series 2</value>
                <footnoteId id="F7"/>
                <footnoteId id="F8"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By:</value>
                    <footnoteId id="F7"/>
                    <footnoteId id="F8"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Series B-1 Preferred Stock</value>
                <footnoteId id="F6"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F6"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5240000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By: Engaged Capital Flagship Master Fund, LP</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series B-1 Preferred Stock</value>
                <footnoteId id="F6"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F6"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>300000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By: Engaged Capital Co-Invest IV-A, LP</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series B-1 Preferred Stock</value>
                <footnoteId id="F6"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F6"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>460000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By: Managed Account of Engaged Capital, LLC</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This Form 3 is filed jointly by Engaged Capital Flagship Master Fund, LP (&quot;Engaged Capital Flagship Master&quot;), Engaged Capital Co-Invest IV, LP (&quot;Engaged Capital Co-Invest IV&quot;), Engaged Capital Co-Invest IV-A, LP (&quot;Engaged Capital Co-Invest IV-A&quot;), Engaged Capital Flagship Fund, LP (&quot;Engaged Capital Fund&quot;), Engaged Capital Flagship Fund, Ltd. (&quot;Engaged Capital Offshore&quot;), Engaged Capital, LLC (&quot;Engaged Capital&quot;), Engaged Capital Holdings, LLC (&quot;Engaged Holdings&quot;) and Glenn W. Welling (collectively, the &quot;Reporting Persons&quot;). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of SunOpta Inc.'s (the &quot;Issuer&quot;) outstanding Common Shares. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.</footnote>
        <footnote id="F2">Securities owned directly by Engaged Capital Flagship Master. As feeder funds of Engaged Capital Flagship Master, each of Engaged Capital Fund and Engaged Capital Offshore may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. As the general partner and investment adviser of Engaged Capital Flagship Master, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Mr. Welling, as the Founder and Chief Investment Officer of Engaged Capital and sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master.</footnote>
        <footnote id="F3">Securities owned directly by Engaged Capital Co-Invest IV. As the general partner and investment adviser of Engaged Capital Co-Invest IV, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest IV. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest IV. Mr. Welling, as the Founder and Chief Investment Officer of Engaged Capital and sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest IV.</footnote>
        <footnote id="F4">Securities held in an account separately managed by Engaged Capital (the &quot;Engaged Capital Account&quot;). Engaged Capital, as the investment adviser of the Engaged Capital Account, may be deemed to beneficially own the securities held in the Engaged Capital Account. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities held in the Engaged Capital Account. Mr. Welling, as the Founder and Chief Investment Officer of Engaged Capital and sole member of Engaged Holdings, may be deemed to beneficially own the securities held in the Engaged Capital Account.</footnote>
        <footnote id="F5">Securities owned directly by Engaged Capital Co-Invest IV-A. As the general partner and investment adviser of Engaged Capital Co-Invest IV-A, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest IV-A. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest IV-A. Mr. Welling, as the Founder and Chief Investment Officer of Engaged Capital and sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest IV-A.</footnote>
        <footnote id="F6">The shares of exchangeable, voting Series B-1 Preferred Stock (the &quot;Series B-1 Preferred Stock&quot;) issued by SunOpta Foods Inc., a subsidiary of the Issuer (the &quot;Subsidiary&quot;), may be exchanged at any time into the number of Common Shares of the Issuer, subject to certain restrictions, equal to, per share of Series B-1 Preferred Stock, the quotient of the liquidation preference of the Series B-1 Preferred Stock divided by $2.50 (the &quot;Exchange Price&quot;), subject to customary anti-dilution adjustments, provided that the Exchange Price may not be lower than $2.00 (subject to adjustment in certain circumstances). The Series B-1 Preferred Stock has no expiration date.</footnote>
        <footnote id="F7">The Special Shares, Series 2 (the &quot;Special Voting Shares&quot;) were issued to and deposited with Engaged Holdings as trustee (the &quot;Trustee&quot;) for and on behalf of Engaged Capital Flagship Master, Engaged Capital Co-Invest IV-A and the Engaged Capital Account pursuant to a voting trust agreement, dated April 24, 2020 (the &quot;Voting Trust Agreement&quot;), among the Issuer, the Subsidiary, Engaged Capital Flagship Master, Engaged Capital Co-Invest IV-A, Engaged Capital and the Trustee. The number of Special Voting Shares represents the number of Common Shares exchangeable for the Series B-1 Preferred Stock, subject to certain adjustments and restrictions. The Special Voting Shares entitle the holder thereof to one vote per Special Voting Share on all matters submitted to a vote of the holders of Common Shares, voting together as a single class, subject to certain exceptions.</footnote>
        <footnote id="F8">The Special Voting Shares are not transferrable and the voting rights associated with the Special Voting Shares will terminate upon the transfer of the shares of Series B-1 Preferred Stock to a third party, other than an affiliate of the Reporting Persons. The Reporting Persons do not have a pecuniary interest in the Special Voting Shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory</signatureName>
        <signatureDate>2020-04-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Engaged Capital Holdings, LLC; By: /s/ Glenn W. Welling, Authorized Signatory</signatureName>
        <signatureDate>2020-04-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Glenn W. Welling</signatureName>
        <signatureDate>2020-04-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Engaged Capital Flagship Master Fund, LP; By: Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory</signatureName>
        <signatureDate>2020-04-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Engaged Capital Co-Invest IV, LP; By: Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory</signatureName>
        <signatureDate>2020-04-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Engaged Capital Co-Invest IV-A, LP; By: Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory</signatureName>
        <signatureDate>2020-04-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Engaged Capital Flagship Fund, LP; By: Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory</signatureName>
        <signatureDate>2020-04-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Engaged Capital Flagship Fund, Ltd.; By: /s/ Glenn W. Welling, Director</signatureName>
        <signatureDate>2020-04-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
