SunOpta signs 15-year lease for new plant-based beverage facility near Dallas-Fort Worth

SunOpta Inc.

Lease for 284,495 sq ft facility in Ellis County, TX; initial term 15 years plus three 5-year renewal options.
Monthly base rent starts at $233,523 and escalates to $308,129 over term; 2% annual increase for extensions.
Build-out cost to be lease financed; manufacturing equipment financed via existing delayed draw term loan from Dec 2020.
Substantial completion expected by August 15, 2022; rent commences after completion.
Parent SunOpta Inc. guarantees subsidiary SunOpta Grains and Foods Inc.'s obligations under the lease.

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