Flow Beverage Corp. Sign New Manufacturing Agreement with a Leading Beverage Brand
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) ha ottenuto un nuovo accordo di produzione con un importante marchio di bevande. Il contratto ha una durata di tre anni con un ricavo totale minimo di 13,7 milioni di dollari. Il CEO dell'azienda, Nicholas Reichenbach, ha sottolineato che le loro operazioni di co-packing hanno contribuito in modo significativo ai recenti miglioramenti della redditività di Flow, con 260 milioni di dollari ora garantiti come ricavo minimo da contratti di co-packing nei prossimi sei anni.
Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) ha asegurado un nuevo acuerdo de fabricación con una marca líder de bebidas. El contrato abarca tres años con ingresos mínimos totales de 13.7 millones de dólares. El CEO de la empresa, Nicholas Reichenbach, destacó que sus operaciones de co-packing han contribuido significativamente a las recientes mejoras en la rentabilidad de Flow, con 260 millones de dólares ahora asegurados en ingresos mínimos de contratos de co-packing durante los próximos seis años.
Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF)는 주요 음료 브랜드와 새로운 제조 계약을 체결했습니다. 계약 기간은 3년이며 최소 총 수익은 1370만 달러입니다. 회사의 CEO인 Nicholas Reichenbach는 그들의 공동 포장 작업이 Flow의 최근 수익성 향상에 크게 기여했으며, 앞으로 6년 동안 2억6000만 달러의 최소 수익이 공동 포장 계약에서 확보되었다고 강조했습니다.
Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) a conclu un nouvel accord de fabrication avec une marque de boissons leader. Le contrat s'étend sur trois ans avec des recettes totales minimales de 13,7 millions de dollars. Le PDG de l'entreprise, Nicholas Reichenbach, a souligné que leurs opérations de co-packing ont contribué de manière significative aux récentes améliorations de la rentabilité de Flow, avec 260 millions de dollars désormais garantis en recettes minimales provenant des contrats de co-packing au cours des six prochaines années.
Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) hat einen neuen Herstellungsvertrag mit einer führenden Getränkemarke gesichert. Der Vertrag läuft über drei Jahre mit einem minimalen Gesamterlös von 13,7 Millionen Dollar. Der CEO des Unternehmens, Nicholas Reichenbach, hob hervor, dass ihre Co-Packing-Aktivitäten erheblich zu den jüngsten Verbesserungen der Rentabilität von Flow beigetragen haben, wobei 260 Millionen Dollar nun als Mindestumsatz aus Co-Packing-Verträgen für die nächsten sechs Jahre gesichert sind.
- Secured new 3-year manufacturing contract worth $13.7 million minimum revenue
- Total co-packing contracts now worth $260 million over next 6 years
- Recent improvements in profitability reported from co-packing operations
- None.
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Minimum total revenue under contract is
$13.7 million
“We are always delighted to enter meaningful and profitable contracts with leading brands. Growth in our co-packing operation has significantly contributed to Flow’s recent improvements in profitability and we expect continued momentum on this side of our business with
About Flow
Flow is one of the fastest-growing premium water companies in
For more information on Flow, please visit Flow’s investor relations site at: investors.flowhydration.com.
Forward-Looking Statements
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“Forward-Looking Statements”). The Forward-Looking Statements contained in this press release relate to future events or Flow’s future plans, operations, strategy, performance or financial position and are based on Flow’s current expectations, estimates, projections, beliefs and assumptions. Such Forward-Looking Statements have been made by Flow in light of the information available to it at the time the statements were made and reflect its experience and perception of historical trends. All statements and information other than historical fact may be forward‐looking statements. Such Forward‐Looking Statements are often, but not always, identified by the use of words such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “continue”, “expect”, “believe”, “anticipate”, “estimate”, “will”, “potential”, “proposed” and other similar words and expressions.
Forward-Looking Statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors, many of which are beyond Flow’s control, that could cause actual events, results, performance and achievements to differ materially from those anticipated in these Forward-Looking Statements. 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 should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these Forward-Looking Statements, which speak only as of the date of this press release. Unless otherwise noted or the context otherwise indicates, the Forward-Looking Statements contained herein are provided as of the date hereof, and the Company disclaims any intention or obligation, except to the extent required by law, to update or revise any Forward-Looking Statements as a result of new information or future events, or for any other reason.
The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and consolidated financial statements and notes thereto as at and for the three months ended July 31, 2024. Additional information about Flow is available on the Company’s profile on SEDAR at www.sedar.com, including the Company’s Annual Information Form for the year ended October 31, 2023 dated January 29, 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241113896081/en/
Trent
1-844-356-9426
investors@flowhydration.com
Investors:
Marc Charbin
investors@flowhydration.com
Media:
Natasha Koifman
nk@nkpr.net
Source: Flow Beverage Corp.
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