Welcome to our dedicated page for Flow Beverage news (Ticker: FLWBF), a resource for investors and traders seeking the latest updates and insights on Flow Beverage stock.
Flow Beverage Corp. (FLWBF), associated with the Flow premium water brand, has generated a series of significant news events that reflect both its beverage operations and its evolving financial and legal situation. Company press releases highlight Flow’s positioning as a B-Corp Certified premium water and wellness beverage brand founded in 2014, while also detailing developments in financing, governance, and restructuring.
News coverage includes announcements of secured business purpose loans and a secured convertible loan from NFS Leasing Canada Ltd. and RI Flow LLC, which Flow describes as senior secured lenders and affiliates of an investor group holding more than 10% of its voting rights on a partially diluted basis. These updates explain how the company has sought to address liquidity challenges and invest in working capital, referencing both the Flow brand and the Planet A co-packing business.
Investors following FLWBF will also find news about leadership changes, such as the appointment of a new Chief Financial Officer and the departure of prior executives, as well as board resignations. These governance updates are presented alongside financial results that discuss Flow brand net revenue, consolidated net revenue, gross margin and Adjusted EBITDA, and describe factors such as co-pack contracts and production capacity expansions.
More recently, Flow’s news releases have focused on restructuring and insolvency-related matters. The company announced receipt of demand letters and notices of intention to enforce security from its lenders, followed by a support agreement that contemplates transitioning ownership of its business to those lenders through a structured foreclosure. Subsequent news disclosed a receivership order appointing Richter Inc. as receiver over the business and assets of the company and its subsidiaries, a stay of proceedings, and a planned wind-down of remaining assets and liabilities under the Bankruptcy and Insolvency Act (Canada). The Toronto Stock Exchange’s review of Flow’s listing eligibility and the suspension of trading in its subordinate voting shares are also key topics in recent updates.
This news page allows readers to review these developments in sequence, from operational and financing milestones to governance changes and court-supervised restructuring steps, providing context for the history and current status of Flow Beverage Corp. and the Flow brand.
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.
Flow Beverage Corp. (OTCQX:FLWBF) has joined The Climate Pledge, aiming for net-zero carbon emissions by 2040. Flow is already carbon neutral and plans to become the first carbon negative spring water brand by 2025. CEO Maurizio Patarnello emphasizes the urgency of climate action, underlining Flow's commitment to sustainability. As a B-Corp Certified company, Flow offers a range of health-oriented beverages in eco-friendly packaging, sold in over 25,800 stores across North America.
Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) announces a new partnership with the New York Road Runners (NYRR) to promote sustainability at major running events, starting with the NYC Half Marathon on March 20, 2022. Flow’s Alkaline Spring Water will be provided to all runners and included in gift bags. This initiative aims to replace traditional plastic bottles with recyclable cartons, enhancing environmental efforts. Flow, with a B-Corp certification score of 126.5, emphasizes its commitment to sustainable practices in the beverage industry.
Flow Beverage Corp. (OTCQX: FLWBF) will release its financial results for the quarter ending
Flow Beverage Corp. (OTCQX: FLWBF) announced the successful amendment of $9,476,000 in unsecured debentures due on February 28, 2022. The company issued 8,536,936 Series C warrants with an exercise price of $1.11, expiring on February 28, 2025. This extension allows Flow to allocate financial resources towards brand growth and activation, enhancing product velocity and distribution. Flow is recognized for its environmentally sustainable bottled water solutions and operates across over 24,650 stores in North America.
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