Flow Beverage Stock Price, News & Analysis

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has successfully repaid $7,453,440 in unsecured debentures and accrued interest, which were due on July 31, 2022. The payment was made using cash reserves, enhancing Flow's financial flexibility. CEO Nicholas Reichenbach expressed gratitude to investors for their support during this critical phase. Established in 2014, Flow is a rapidly growing premium water company focused on environmentally sustainable practices, offering a range of health-oriented beverages.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has partnered with Ohi Inc. to enhance its e-commerce capabilities in the U.S. The collaboration will provide two-hour, same-day, and next-day delivery services in major cities such as New York, Los Angeles, San Francisco, and Chicago starting July 2022. This initiative aims to improve customer experience and streamline distribution through Ohi's micro-warehousing network. Flow, known for its sustainable packaging and premium alkaline spring water, continues to invest in scaling its business while promoting sustainability.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) appointed Trent MacDonald as Chief Financial Officer. MacDonald has extensive experience in retail operations and operational efficiency in high-growth settings. Former CFO Devan Pennell transitions to Chief Strategy Officer. The company's focus remains on enhancing profitability and operational efficiencies to achieve growth. Flow aims to reduce environmental impact through sustainable packaging and offers a range of health-oriented beverage products, available at over 35,600 stores across North America.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has announced the appointment of Patrick Bousquet-Chavanne as the Lead Independent Director and Michael Samoszewski as a director responsible for the Governance, Human Resources and Compensation Committee. Marc Caira has resigned from the Board. Bousquet-Chavanne is the CEO of ESW Americas, while Samoszewski previously served as Chief Marketing Officer at Coca-Cola Canada. These appointments reflect Flow's strategy to enhance governance and leverage expert growth experience in the beverage sector.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has launched its new line of Vitamin-Infused Water in Cherry, Citrus, and Elderberry flavors, available online and at over 100 Fred Meyer locations since June 2022. This healthy alternative contains 120% of the daily Vitamin C requirement and is an excellent source of zinc, while having zero sugar, calories, or preservatives. Supported by social media campaigns, the company aims to capitalize on the growing functional water market. The Canadian launch is expected later in 2022.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has announced a distribution agreement with WB Canna Co. & Wellness to distribute Flow products in the Caribbean and Central America. This agreement allows Flow’s Alkaline Spring Water and flavored products to be available in up to 25 Caribbean markets and seven Central American markets, enhancing the company’s market presence. Flow, known for its sustainable practices, aims to meet the growing consumer demand for eco-friendly products in these regions, especially in hospitality sectors mandated to reduce plastic usage.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has announced its official sponsorship of Pride Toronto and will engage in events promoting sustainability and healthy choices throughout June. The company will participate in the Pride Parade from June 24-26 and donate water to local crisis centers. Additionally, for every 12-pack of flavoured Flow sold in June, Flow will contribute $1.00 to Rainbow Railroad, supporting LGBTQ+ initiatives. Flow is known for its premium, sustainably packaged alkaline spring water.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has launched 1-liter formats of its popular Strawberry Rose and Peach Blueberry flavors. The products are available at Sprouts Farmers Market and online. This introduction responds to customer demand for larger beverage sizes. The company has collaborated with Sprouts since 2019, highlighting their retail partnership. Flow Beverage is focused on sustainable practices, offering premium alkaline spring water in eco-friendly packaging, and operates in over 35,600 stores across North America.

Flow Beverage Corp (FLWBF) revised its net revenue growth target for FY 2022 to 25% - 30% from an initial 45% - 55%. Despite this adjustment, it maintains a target of 45% - 50% reduction in EBITDA loss for FY 2022. The brand captured 45% market share in the U.S. carton format shelf stable water segment, up from 38% a year earlier. Notable partnerships with Norwegian Cruise Line and Accor were established, enhancing distribution. In Q2 2022, net revenue was $9.0 million, down from $11.3 million in Q2 2021, with an EBITDA loss of $8.5 million, a 49% improvement year-over-year.