SunOpta (STKL) 10-K/A 2005 FY Annual report (amended)

Exhibit 99.1

FOR IMMEDIATE RELEASE

SUNOPTA ANNOUNCES THIRD QUARTER RESULTS

Toronto, Ontario,November 2, 2005. SunOpta Inc.(NASDAQ:STKL; TSX:SOY)  today announced results for the third quarter and nine months ended September 30, 2005. All amounts are expressed in U.S. dollars.

For the third quarter the Company achieved record revenues of $115 million, up from $80 million in the comparable quarter last year; an increase of 43%. Revenue growth was led by a 47% increase in the Company’s vertically integrated food operations.

Net earnings for the third quarter were $2.1 million, or $0.04 per diluted common share, compared to $2.8 million, or $0.05 per diluted common share in the third quarter of the prior year. Net earnings in the third quarter included the first earnings from the Company’s steam explosion equipment and process technology contract to Abener Energia, S.A. The Company also realized solid earnings within its newly formed SunOpta Fruit Group segment and continued success with its Packaged Products Group, led by strong sales of private label aseptically packaged products and roasted soy and sunflower products.

The Company recently announced that it was awarded a three-year contract from a major international retailer to provide aseptic packaged soymilk. The Company expects revenues in the range of $20 million annually from this new contract commencing late in fiscal 2005.

Jeremy Kendall, Chairman and Chief Executive Officer of SunOpta stated, “While we were pleased with the top-line results for the quarter and the nine months, we remain focused on improving our bottom-line results. During the quarter we made significant progress aimed at increasing future oat fiber sales and in realizing operational efficiencies in our Toronto-based distribution business. Consequently, we believe we are now much better positioned to deliver improved operational results in the quarters to come.”

“Clearly, the fading popularity of the “low-carb” phenomenon has yielded lower oat fiber sales on a year-to-date basis. However, in addition to its nutritional benefits, our oat fiber products provide a functional advantage by adding strength to avoid breakage in products such as taco shells, crackers, pretzels and pet foods. We have seen a steady increase in oat fiber sales throughout the year by manufacturers of these types of products and we have commenced a number of new initiatives to continue to drive growth in this segment. We firmly believe that most of the obstacles in this product category have been largely overcome.”

Mr. Kendall continued, “With regards to the consolidation of our Toronto-based distribution operations, throughout the first nine months of the year the Company paid duplicate warehouse costs and maintained extra personnel to support operations as we transitioned our distributors into our new 135,000 square foot state-of-the-art facility. With the three distributors now fully operational at the new facility, duplicate warehouse costs are now virtually eliminated, headcount has been streamlined and the focus on growth has been reinstated. The savings from the consolidation of the distribution operations, as well as other cost reduction initiatives within the

Canadian Food Distribution Group are expected to yield annual savings of $3.4 million. We look forward to greater efficiencies and a rededication to driving growth in this business. All in all, we are very well positioned going forward to grow our Company and we look forward to 2006 and beyond with great anticipation.”

For the nine months ended September 30, 2005 revenues increased 36% to $304 million, compared to $224 million in the prior year. The Company remains on track to achieve its revenue guidance for fiscal 2005 of $415 million; which would equate to a 36% year-over-year increase. Net earnings for the nine months ended September 30, 2005 were $12.0 million, or $0.21 per diluted common share, compared to $10.7 million, or $0.20 per diluted common share, in the prior year.

SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food markets. For the last seven consecutive years, SunOpta was included in Profit magazine’s ‘Profit 100’ list of the 100 fastest growing companies in Canada. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the StakeTech Steam Explosion Group which engineers and markets proprietary steam explosion technology systems for the bio-fuel, food processing and pulp industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector.

For further information, please contact:
SunOpta Inc.	Investment Community Inquiries:
Jeremy N. Kendall, Chairman & CEO	Lytham Partners, LLC
Steve Bromley, President & COO	Joe Diaz
John Dietrich, Vice President & CFO	Robert Blum
Susan Wiekenkamp, Information Officer	Joe Dorame
Tel: 905-455-2528, ext 103	Tel: 602-889-9700
swiekenkamp@sunopta.com	diaz@lythampartners.com
Website: www.sunopta.com

Note: This news release may contain forward-looking information. Actual future results may differ materially. The risks, uncertainties, and other factors that could influence actual results are described in the Company’s annual report to shareholders and in SEC filings. The attached consolidated balance sheet and consolidated statement of earnings are unaudited. The information provided here should be considered in conjunction with the other information included within various SEC documents including Form 10Q reports filed during 2005 and Form 10K report filed March 16, 2005.

SunOpta Inc.
Condensed Consolidated Statements of Earnings and Comprehensive Income
For the three months ended September 30, 2005 and 2004
Unaudited
(Expressed in thousands of U.S. dollars, except per share amounts)

	September 30, 2005 $			September 30, 2004 $			% Change
Revenues		114,950			80,142			43	%
Cost of goods sold		96,653			64,673			49	%
Gross profit		18,297			15,469			18	%
Warehousing and distribution expenses		2,655			1,547			72	%
Selling, general and administrative expenses		12,218			9,350			31	%
Earnings before the following		3,424			4,572			(25	%)
Interest expense, net		(1,186	)		(632	)		88	%
Other income (expense)		146			(212	)
Foreign exchange		438			227			93	%
		(602	)		(617	)		(2.4	%)
Earnings before income taxes		2,822			3,955			(29	%)
Provision for income taxes		601			1,188			(49	%)
Net earnings before minority interest		2,221			2,767			(20	%)
Minority interest		133			—			—
Net earnings for the period		2,088			2,767			(25	%)
Net earnings per share for the period
– Basic		0.04			0.05
– Diluted		0.04			0.05

SunOpta Inc.
Condensed Consolidated Statements of Earnings and Comprehensive Income
For the nine months ended September 30, 2005 and 2004
Unaudited
(Expressed in thousands of U.S. dollars, except per share amounts)

	September 30, 2005 $			September 30, 2004 $			% Change
Revenues		304,031			223,588			36	%
Cost of goods sold		251,592			179,621			40	%
Gross profit		52,439			43,967			19	%
Warehousing and distribution expenses		7,848			4,144			89	%
Selling, general and administrative expenses		32,274			26,254			23	%
Earnings before the following		12,317			13,569			(9	%)
Interest expense, net		(2,082	)		(952	)		119	%
Other income		3,978			2,155			85	%
Foreign exchange		518			442			17	%
		2,414			1,645			47	%
Earnings before income taxes		14,731			15,214			(3	%)
Provision for income taxes		2,190			4,551			(52	%)
Net earnings before minority interest		12,541			10,663			18	%
Minority interest		541			—			—
Net earnings for the period		12,000			10,663			13	%
Net earnings per share for the period
– Basic		0.21			0.20
– Diluted		0.21			0.20

SunOpta Inc.
Condensed Consolidated Balance Sheets
As at September 30, 2005 and December 31, 2004
Unaudited
(Expressed in thousands of U.S. dollars, except per share amounts)

	September 30, 2005 $		December 31, 2004 $
Assets
Current assets
Cash and cash equivalents		6,054		8,081
Accounts receivable		53,539		38,446
Inventories		79,564		49,537
Prepaid expenses and other current assets		4,622		4,472
Current income taxes recoverable		—		2,000
Deferred income taxes		421		421
		144,200		102,957
Property, plant and equipment		76,302		62,619
Goodwill and intangibles		57,464		43,934
Deferred income taxes		4,200		6,831
Other assets		3,644		3,831
		285,810		220,172
Liabilities
Current liabilities
Bank indebtedness		22,105		—
Accounts payable and accrued liabilities		40,615		35,668
Customer and other deposits		928		431
Current portion of long-term debt		10,559		4,819
Current portion of long-term payables		453		1,548
		74,660		42,466
Long-term debt		42,880		31,003
Long-term payables		620		1,232
		118,160		74,701
Minority interest		9,079		1,378
Shareholders’ Equity
Capital stock		106,451		105,794
Contributed surplus		3,235		3,330
Retained earnings		38,821		26,821
Cumulative other comprehensive income		10,064		8,148
		158,571		144,093
		285,810		220,172

SunOpta Inc.
Condensed Segment Note to Consolidated Financial Statements
For the three and nine months ended September 30, 2005
Unaudited
(Expressed in thousands of U.S. dollars, except per share and share amounts)

					Three months ended September 30, 2005
	SunOpta Food Group $		Opta Minerals Group $		StakeTech Steam Explosion Group and Corporate $			Consolidated $
Total revenues to external customers		104,484		8,520		1,946			114,950
Segment earnings (loss) before other     income (expense), interest expense     (net), income taxes and minority interest		3,180		948		(266	)		3,862
Other income (expense)		—		—		146			146
Segment earnings (loss) before interest     expense (net), income taxes and minority     interest		3,180		948		(120	)		4,008
Interest expense, net		—		—		1,186			1,186
Provision for income taxes		—		—		601			601
Minority interest		—		133		—			133
Net earnings (loss)		3,180		815		(1,907	)		2,088

The SunOpta Food Group has the following segmented reporting:							Three months ended September 30, 2005
	Grains & Soy Products Group $		SunOpta Ingredients Group $		SunOpta Fruit Group $		Packaged Products Group $		Canadian Food Distribution Group $			SunOpta Food Group $
Total revenues from external customers		25,629		15,046		27,486		14,002		22,321			104,484
Segment earnings before other income      (expense), interest expense (net), income      taxes and minority interest		323		962		1,264		847		(216	)		3,180

					Nine months ended September 30, 2005
	SunOpta Food Group $		Opta Minerals Group $		StakeTech Steam Explosion Group and Corporate $			Consolidated $
Total revenues to external customers		275,245		26,097		2,689			304,031
Segment earnings (loss) before other income     (expense), interest expense (net) and     income taxes and minority interest		11,575		3,406		(2,146	)		12,835
Other income (expense)		—		—		3,978			3,978
Segment earnings before interest expense     (net) , income taxes and minority interest		11,575		3,406		1,832			16,813
Interest expense, net		—		—		2,082			2,082
Provision for income taxes		—		—		2,190			2,190
Minority interest		104		437		—			541
Net earnings (loss)		11,471		2,969		(2,440	)		12,000

SunOpta Inc.
Condensed Segment Note to Consolidated Financial Statements
For the three and nine months ended September 30, 2005
Unaudited
(Expressed in thousands of U.S. dollars, except per share and share amounts)

The SunOpta Food Group has the following segmented reporting:
							Nine months ended September 30, 2005
	Grains & Soy Products Group $		SunOpta Ingredients Group $		SunOpta Fruit Group $		Packaged Products Group $		Canadian Food Distribution Group $		SunOpta Food Group $
Total revenues from external   customers		74,214		45,398		41,584		39,524		74,525		275,245
Segment earnings before other income (expense), interest expense (net),      income taxes and minority interest		3,718		2,931		2,051		1,789		1,086		11,575

					Three months ended  September 30, 2004
	SunOpta Food Group $		Opta Minerals Group $			StakeTech Steam Explosion Group and Corporate $			Consolidated $
Total revenues to external customers		71,317		8,330			495			80,142
Segment earnings (loss) before other income     (expense), interest expense (net), and income taxes		3,900		1,092			(193	)		4,799
Other income (expense)		—		—			(212	)		(212	)
Segment earnings before interest expense (net)     and income taxes		3,900		1,092			(405	)		4,587
Interest expense, net		—		—			632			632
Provision for income taxes		—		—			1,188			1,188
Net earnings (loss)		3,900		1,092			(2,225	)		2,767

The SunOpta Food Group has the following segmented reporting:									Three months ended September 30, 2004
	Grains & Soy Products Group $		SunOpta Ingredients Group $		SunOpta Fruit Group $		Packaged Products Group $		Canadian Food Distribution Group $		SunOpta Food Group $
Total revenues from external       customers		23,207		17,353		995		10,388		19,374		71,317
Segment earnings before other income (expense),  interest expense (net) and      income taxes		341		2,537		6		420		596		3,900

SunOpta Inc.
Condensed Segment Note to Consolidated Financial Statements
For the three and nine months ended September 30, 2005
Unaudited
(Expressed in thousands of U.S. dollars, except per share and share amounts)

					Nine months ended September 30, 2004
	SunOpta Food Group $		Opta Minerals Group $		StakeTech Steam Explosion Group and Corporate $			Consolidated $
Total revenues to external customers		198,494		24,161		933			223,588
Segment earnings (loss) before other income     (expense),interest expense (net) and income taxes		12,612		3,459		(2,060	)		14,011
Other income (expense)		—		—		2,155			2,155
Segment earnings before interest expense     (net) and income taxes		12,612		3,459		95			16,166
Interest expense, net		—		—		952			952
Provision for income taxes		—		—		4,551			4,551
Net earnings (loss)		12,612		3,459		(5,408	)		10,663

The SunOpta Food Group has |the following segmented reporting:	Nine months ended September 30, 2004
	Grains & Soy Products Group $		SunOpta Ingredients Group $		SunOpta Fruit Group $		Packaged Products Group $		Canadian Food Distribution Group $		SunOpta Food Group $
Total revenues from external customers		65,520		49,326		995		29,877		52,776		198,494
Segment earnings before other income (expense),       interest expense (net) andincome taxes		1,912		6,634		6		926		3,134		12,612

Effective July 1, 2005, the Company expanded its segment reporting within the SunOpta Food Group to include the SunOpta Fruit Group consisting of the Company’s wholly-owned subsidiaries Organic Ingredients Inc., Cleugh’s Frozen Foods, Inc. and Pacific Fruit Processors, Inc. During the three months ended March 31, 2005 and June 30, 2005 the SunOpta Fruit Group revenue was $5,143 and $8,955 respectively. Segment earnings before other income (expense), interest expense (net) and income taxes was $277 and $510, respectively. The Fruit Group was previously recorded within the SunOpta Ingredients Group.