Flow Beverage Corp. Announces Annual General Meeting Results

Rhea-AI Summary

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) announced the results of its Annual General Meeting held on April 29, 2022, with 62.4 million votes representing 56.8% of its outstanding shares. All proposed resolutions were approved, including the election of directors. Nicholas Reichenbach received 99.756% of votes for his position. Flow, recognized for its sustainable practices and premium alkaline spring water, aims to reduce environmental impact and promote wellness. The company is B-Corp Certified, offering a range of health-oriented products available in over 25,800 stores across North America.

Positive

• 62.4 million votes represented, showing strong shareholder engagement.
• All resolutions, including director elections, were approved.
• High approval rates for directors, indicating strong confidence from shareholders.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (“Flow” or the “Company”) is pleased to announce the voting results from its Annual General Meeting of the Shareholders (the “Meeting”), held on April 29, 2022. A total of 62.4 million votes were represented in person or by proxy at the Meeting, constituting approximately 56.8% of the Company’s total issued and outstanding common shares as of the record date.

Results of Annual General Meeting

All of the matters put forward before shareholders for consideration and approval as set out in the Company’s management information circular dated March 18, 2022 (the “Circular”) were approved by the shareholders.

The detailed voting results for the election of directors are set out below:

Name of Nominee	Votes For	% Votes For
Nicholas Reichenbach	61,081,124	99.756%
Patrick Bousquet-Chavanne	61,083,294	99.760%
Marc Caira	61,082,624	99.759%
Joe Jackman	61,083,344	99.760%
Lori O’Neill	61,081,624	99.757%
Ann Tracy	61,083,344	99.760%

About Flow

Flow is one of the fastest-growing premium water companies in North America. Founded in 2014, Flow’s mission since day one has been to reduce environmental impacts by providing sustainably sourced naturally alkaline spring water in a sustainable, 100% recyclable and up to 75% renewable, plant-based pack. Today, the brand is B-Corp Certified with a best-in-class score of 126.5, offering a diversified line of health and wellness-oriented beverage products: original naturally alkaline spring water, award-winning organic flavours, and collagen-infused flavours in sizes ranging from 330-ml to 1-litre. All products contain naturally occurring electrolytes and essential minerals and support Flow’s overarching purpose to “bring wellness to the world through the positive power of water.” Flow beverage products are available online at flowhydration.com and are sold at over 25,800 stores across North America.

For more information on Flow, please visit Flow’s investor relations site at: investors.flowhydration.com.

Cautionary Statement

This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Such forward-looking statements include, but are not limited to, information with respect to our objectives and the strategies for achieving those objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. Forward-looking statements are typically identified by the use of words such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, although not all forward-looking statements contain these words. Forward-looking statements are provided for the purposes of assisting the reader in understanding Flow and its business, operations, prospects, and risks at a point in time in the context of historical and possible future developments, and the reader is therefore cautioned that such information may not be appropriate for other purposes. Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking statements. Those risks and uncertainties include the following: impact and spread of COVID-19; ability to achieve and manage growth; failure to expand sales capabilities; changes in consumer preferences; criticism of packaged water; maintain brand image and product quality; constrained or unavailable spring water sources; inability to package products; increased competition; accurately estimating demand; maintaining relationships with distributors and vendors; changing retail landscape; incorrect product design or development; product information misrepresentation; revenues derived entirely from packaged beverages; increases in costs or shortages of materials; fluctuation of quarterly operating results; no assurance of profitability; fluctuations in foreign currency; changes in government regulation; contamination or recalls of ingredients or end products; loss of intellectual property rights; litigation; future tax rates; catastrophic events; climate change; seasonal business; dependence on key information systems and third-party service providers; ability to securely maintain confidential information; maintaining and upgrading information technology systems; conflict of interest; dual class share structure; potential volatility of share price; no assurance of active market for shares; lack of dividends; global financial condition; publication of inaccurate or unfavourable research and reports; operating history; and management and conflict of interests. Consequently, all of the forward-looking statements contained herein are qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking statements contained herein are provided as of the date hereof, and we do not undertake to update or amend such forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220502005506/en/

Devan Pennell, Chief Financial Officer

1-844-356-9426

investors@flowhydration.com

US investors:

Lynne Collier

Lynne.collier@icrinc.com

Canadian investors:

Marc Charbin

investors@flowhydration.com

Media:

Natasha Koifman

nk@nkpr.net

Source: Flow Beverage Corp.

FAQ

What were the voting results of Flow Beverage Corp's Annual General Meeting on April 29, 2022?

At Flow Beverage Corp's Annual General Meeting, 62.4 million votes were cast, representing approximately 56.8% of outstanding shares, and all proposed resolutions were approved.

What percentage of votes did Nicholas Reichenbach receive in the 2022 election?

Nicholas Reichenbach received 99.756% of the votes in the election during the Annual General Meeting.

How many stores sell Flow Beverage products across North America?

Flow Beverage products are available in over 25,800 stores across North America.

Is Flow Beverage Corp B-Corp Certified?

Yes, Flow Beverage Corp is B-Corp Certified with a best-in-class score of 126.5.

What is the mission of Flow Beverage Corp?

Flow Beverage Corp's mission is to reduce environmental impacts by providing sustainably sourced alkaline spring water and promote wellness through its products.