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Flow Beverage Corp (FLWBF) is a leading player in the beverage industry, specializing in the production and distribution of premium alkaline spring water. The company's core business revolves around providing health-conscious consumers with high-quality, naturally alkaline water sourced from sustainably managed springs. With a commitment to environmental sustainability, Flow Beverage Corp emphasizes eco-friendly packaging and supports social initiatives to give back to communities in need. Recent achievements include expanding their product line to include flavored alkaline water options, entering new markets through strategic partnerships, and achieving strong financial performance driven by consumer demand for healthier beverage alternatives. Through innovative marketing campaigns and a focus on wellness, Flow Beverage Corp continues to grow its presence in the competitive beverage market.
Flow Beverage Corp (TSX:FLOW; OTCQX:FLWBF) has announced its participation in the 13th Annual ROTH Deer Valley Event, scheduled for December 11-14, 2024. The company's Founder and CEO Nicholas Reichenbach, along with CFO and EVP Operations Trent MacDonald, will be available for investor meetings during the conference.
Interested parties can schedule meetings with Flow's executives by contacting investors@flowhydration.com or oneononerequests@roth.com.
Flow Beverage Corp has amended its manufacturing agreement with Joyburst, extending the term from three to four years and increasing the minimum total revenue to $19.5 million, up from $13.5 million. This expansion contributes to Flow's total minimum contracted revenue of $267 million for its co-pack operation over the next six years. The partnership emphasizes both companies' commitment to innovation and sustainable hydration solutions.
Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has secured a new manufacturing agreement with a leading beverage brand. The contract spans three years with minimum total revenue of $13.7 million. The company's CEO Nicholas Reichenbach highlighted that their co-packing operations have contributed significantly to Flow's recent profitability improvements, with $260 million now secured in minimum revenue from co-packing contracts over the next six years.
Flow Beverage Corp (TSX:FLOW; OTCQX:FLWBF) has secured a CAD$4.1 million term loan from RI Flow , an affiliate of NFS Leasing Canada The loan matures in six months with a 15% annual interest rate and includes a $0.01 fee per product pack manufactured. The company plans to use the proceeds to invest in brand growth, working capital, and general corporate purposes. This financing, along with recent convertible debentures from BeatBox, aims to strengthen Flow's financial position and support its goals of scaling co-pack business, launching sparkling mineral spring water, and returning to growth by Q1 2025.
Flow Beverage Corp (TSX:FLOW; OTCQX:FLWBF) has announced changes to its Board of Directors. Joseph Mimran, a prominent figure in fashion and design, has been appointed to the Board and will serve on both the Audit Committee and Governance, Human Resources & Compensation Committee. Simultaneously, Joe Jackman has resigned from the Board. Mimran, known for creating brands like Joe Fresh and Club Monaco, brings significant brand-building expertise as the company continues its strategic transformation toward a capital-efficient operating model focused on profitable growth.
Flow Beverage Corp has closed a US$2 million secured convertible note private placement with BeatBox Beverages, their co-packing partner. The note matures in 2029 with a 10% annual interest rate and is convertible to shares at $1.00 per share. The proceeds will fund expansion at Flow's Aurora facility, adding two production lines. Flow has amended its manufacturing agreement with BeatBox, extending it from five to six years and increasing minimum revenue from $115 million to $213 million. This expansion aims to meet increased co-manufacturing demand from BeatBox and accommodate Flow brand growth.
Flow Beverage Corp (TSX:FLOW; OTCQX:FLWBF) is set to participate in the Lytham Partners Fall 2024 Investor Conference on October 1, 2024. The event will feature a webcasted presentation and one-on-one investor meetings, both hosted by Trent MacDonald, Flow's Chief Financial Officer and EVP of Operations.
The webcasted presentation is scheduled for 2:00 p.m. ET on October 1, 2024. Investors can access the webcast through the conference home page or via a direct link. A replay of the webcast will be available after the event.
To arrange one-on-one meetings with Flow's management during the conference, interested parties can contact Lytham Partners or register for the event through the provided links.
Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) reported its Q3 2024 financial results, showing significant improvements in profitability. Consolidated net revenue increased 5% to $13.8 million, while gross margin improved to 34% from 3% in Q3 2023. The company's Adjusted EBITDA Loss decreased to $1.9 million from $10.7 million in Q3 2023. Flow's operational transformation is delivering financial improvements, with co-pack business scaling rapidly and operating expenses at more sustainable levels. The company expects to reach positive Adjusted EBITDA by Q4 2024 and anticipates a return to Flow brand growth in Q1 2025.
Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has announced the release of its third quarter fiscal 2024 financial results on September 16, 2024, after market close. The company will host a conference call and webcast on September 17, 2024, at 8:30 a.m. ET to discuss the results and provide a business outlook.
Key participants in the call will be Nicholas Reichenbach, Chairman and CEO, and Trent MacDonald, CFO and EVP Operations. Investors and analysts can join via phone or webcast, with replay options available until October 17, 2024.
Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has announced a sponsorship agreement with the Toronto International Film Festival (TIFF) for 2024 and 2025, becoming the exclusive hydration partner for still and sparkling water categories. The 49th TIFF, taking place from September 5 to 15, 2024, is expected to attract over 650,000 attendees.
Flow will launch its new Sparkling Mineral Spring Water at TIFF in August 2024, available in 300ml aluminum bottles with 75% recycled content. The water will come in OG and three flavors: Blackberry + Hibiscus, Lemon + Ginger, and Cucumber + Mint. To celebrate, Flow is running an e-commerce pre-order contest offering VIP TIFF screening experiences as prizes.
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