Flow Beverage Corp. to Become Official Water of Norwegian Cruise Line

Rhea-AI Summary

Flow Beverage Corp. (OTCQX: FLWBF) has partnered with Norwegian Cruise Line (NYSE: NCLH) to become its official water supplier, marking a strategic move into the food service sector. Flow's CEO, Nicholas Reichenbach, expressed enthusiasm for the collaboration, highlighting its importance for growth. Further details regarding the product launch will be disclosed in a forthcoming announcement. Flow aims to reduce environmental impact with 100% recyclable packaging while offering a diversified line of alkaline spring water products.

Positive

• Partnership with Norwegian Cruise Line enhances Flow's exposure in the food service sector.
• Flow's commitment to sustainability with fully recyclable packaging supports long-term growth.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (“Flow” or the “Company”) today announced that it has signed an agreement with Norwegian Cruise Line (“NCL”) for Flow Alkaline Spring Water to become NCL’s official water. NCL is a leading global cruise line operating a fleet of 28 ships under the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.

Flow’s CEO, Nicholas Reichenbach, said, “We are delighted to be partnering with a world class organization like NCL. Increasing our presence in the food service sector is one of the key growth pillars we identified in our strategic framework.”

Additional details on the product launch between Flow and NCL will be made by way of joint announcement in the coming weeks.

About NCL

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 28 ships with nearly 60,000 berths, these brands offer itineraries to more than 490 destinations worldwide. The Company has nine additional ships scheduled for delivery through 2027, comprising approximately 24,000 berths.

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 35,600 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/20220613005782/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 is the significance of Flow Beverage Corp.'s partnership with Norwegian Cruise Line (NCLH)?

The partnership allows Flow Beverage Corp. to become the official water supplier for Norwegian Cruise Line, increasing its presence in the food service sector.

When will Flow Beverage Corp. announce more details about its partnership with NCLH?

Further details regarding the product launch will be announced in the coming weeks.

What does the partnership between Flow Beverage Corp. and Norwegian Cruise Line entail?

The partnership entails Flow's alkaline spring water being served on Norwegian Cruise Line's fleet, enhancing brand visibility.

What is the stock symbol for Flow Beverage Corp.?

The stock symbol for Flow Beverage Corp. is FLWBF on the OTCQX.

How does Flow Beverage Corp. emphasize sustainability in its products?

Flow Beverage Corp. uses 100% recyclable packaging made from up to 75% renewable plant-based materials.