Flow Beverage Stock Price, News & Analysis

Flow Beverage Corp. (OTCQX:FLWBF) announced its participation in Oppenheimer’s 22nd Annual Consumer Conference, scheduled for June 15, 2022. Nicholas Reichenbach, founder and CEO, will present at 9 AM ET. The event will be held virtually, and the presentation can be accessed here. Flow is a rapidly growing premium water company committed to sustainability.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) announced that Maurizio Patarnello will step down as CEO effective June 1, 2022, to focus on family in Europe. Nicholas Reichenbach, the founder and Executive Chairman, will take over as CEO, ensuring continuity of strategy. Patarnello will serve as Strategic Advisor to support future initiatives. Under Patarnello's leadership, Flow has grown rapidly, reaching over 30,500 retail outlets in North America and achieving significant sustainability milestones, including the reduction of single-use plastic bottles.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) will announce its financial results for the three and six months ending April 30, 2022, on June 14, 2022, before market opening. A conference call and webcast will be held on the same day at 9:00 a.m. ET to discuss the results and provide a business outlook. Flow is recognized as one of North America's fastest-growing premium water brands, promoting sustainability through recyclable packaging and a commitment to wellness.

Flow Beverage Corp. (OTCQX:FLWBF) announced its participation in Morgan Stanley’s 7th Annual Sustainable Futures Conference in New York City on May 25, 2022. Founder Nicholas Reichenbach will engage in a fireside chat with Mark Carlucci, Morgan Stanley's VP of Sustainability Equity Research, at 11:45 a.m. ET. Investors can access the live webcast here or via Flow's investor relations site.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) announced its participation in the Royal Bank of Canada Brooklyn Half on May 21, providing over 40,000 units of its alkaline spring water to participants. This initiative, part of their partnership with New York Road Runners (NYRR), aims to promote sustainability by replacing plastic bottles with recyclable cartons. Flow will also sample products at the Pre-Party event from May 18-20 at Brooklyn Bridge Park. CEO Maurizio Patarnello expressed excitement about enhancing brand awareness and supporting environmental initiatives.

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.

Flow Beverage Corp. (OTCQX: FLWBF) has partnered with Accor to become the official water supplier across hotels in North and Central America, aiming to eliminate single-use plastic bottles. Beginning April 2022, Flow Alkaline Spring Water will be featured in over 70 luxury hotels like Fairmont and Sofitel. This move supports Accor's commitment to sustainability and aligns with Flow's eco-friendly practices, as it is B Corporation certified and carbon neutral. CEO Maurizio Patarnello highlights this as a major growth opportunity in the food service sector.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) is set to host its virtual Annual General Meeting on April 29, 2022, at 12:00 p.m. EST. Prior to this, the company will conduct in-person presentations for investors in Ottawa on April 28, 2022, and in Toronto on the same date as the AGM. The Ottawa event will take place at Andaz Ottawa Byward Market and the Toronto venue is Hotel X. Attendees can register by emailing investors@flowhydration.com. Flow is noted for its sustainability efforts and premium water products.

Flow Beverage Corp. (OTCQX: FLWBF) reported a 32% increase in net revenue to $11.9 million for Q1 2022, driven by a 40% growth in Flow brand revenue. The gross margin fell to 26% compared to 28% a year ago, influenced by elevated shipping costs. The EBITDA Loss improved by 20% year-over-year, reaching $7.9 million, aided by cost reduction strategies. The company maintains its FY 2022 net revenue growth target of 45% - 55% and EBITDA loss reduction of 45% - 50%. Flow continues expanding distribution channels and innovating product offerings.