Flow Beverage Stock Price, News & Analysis

Flow Beverage Corp. (OTCQX:FLWBF) has obtained approvals to amend its unsecured debentures of $9,476,000 due on February 28, 2022. The amendments extend the maturity date to February 29, 2024 and increase the interest rate from 10% to 12% per annum. Additionally, Series C Warrants will be issued, providing 100% warrant coverage. The amendments are supported by over 75% of the debenture holders and will be formally communicated to them. Flow operates in North America, focusing on sustainably sourced alkaline spring water.

Flow Beverage Corp. (OTCQX:FLWBF) reported a significant financial performance in FY 2021 with a net revenue increase of 86% to $42.7 million, and a gross margin rise to 26%. In Q4 2021, net revenue rose 74% to $10.4 million. The company targets a 45%-55% growth in net revenues for FY 2022 while aiming to reduce EBITDA losses by 45%-50%. The brand's distribution expanded to over 24,600 locations, benefiting from favorable trends in premium water. The adjusted EBITDA loss was $27.0 million for FY 2021, slightly improving from the previous year.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) will report financial results for the period ending October 31, 2021 on January 31, 2022, before market opening. A conference call led by Executive Chairman Nicholas Reichenbach, CEO Maurizio Patarnello, and CFO Devan Pennell will follow at 10:00 a.m. EST to discuss results and future outlook. Flow is recognized as a rapidly growing premium water company in North America, dedicated to sustainability and wellness.

Flow Beverage Corp. (TSX:FLOW, OTCQX:FLWBF) will virtually participate in the 2022 ICR Conference from January 10-12, 2022. Founder Nicholas Reichenbach and CEO Maurizio Patarnello will present on January 11 at 9:00 AM ET. The live webcast is accessible here and will be available for 90 days on Flow's Investor Relations Website. Flow is a premium alkaline spring water company dedicated to sustainability and health-oriented products.

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) has announced that all directors and senior officers have entered into voluntary Extended Lock-Up Agreements following two private placements that raised approximately $68.9 million. These agreements extend the lock-up period for their subordinate voting shares to June 26, 2022. As of now, insiders hold 989,317 subordinate voting shares and 4,214,558 multiple voting shares, which need conversion for trading. Flow, a premium alkaline spring water company, continues to focus on sustainability and innovation in health-oriented beverages.

Flow Beverage Corp. (OTC:FLWBF) has entered a four-year partnership with New York Road Runners, making Flow Alkaline Spring Water the Official Water of iconic events like the TCS New York City Marathon. This collaboration aims to promote healthy hydration and sustainability by providing a plant-based alternative to plastic bottles. Flow's CEO, Maurizio Patarnello, anticipates increased brand awareness through this high-profile association, targeting the New York market and beyond.

Flow Beverage Corp. (TSX: FLOW; OTCQX: FLWBF) has announced changes to its executive team, with President David Mock departing and Kevin Helfand promoted to Chief Legal and Human Resources Officer. CEO Maurizio Patarnello emphasized that the reorganization aims to streamline operations and enhance decision-making, aligning with their growth strategy for 2022. Additionally, Adrian Ross has been appointed Senior Vice President of Operations, bringing extensive experience from Tetra Pak and Campbell Soup. Flow is committed to sustainability and wellness through its premium alkaline spring water products.

Flow Beverage Corp. (OTCQX: FLWBF) will participate in the Canaccord Genuity 3rd Annual Health & Wellness Conference and the Jefferies Virtual West Coast Conference on November 16-17, 2021. The company will present via webcast at 11:30 AM ET on November 16 and at 10:40 AM ET on November 17. Flow specializes in premium alkaline spring water and health-oriented beverages, aiming to promote wellness through sustainable practices. Founded in 2014, the company is certified B-Corp and sells products across North America.

Flow Beverage Corp. (OTCQX: FLWBF) begins trading on the OTCQX Best Market, enhancing accessibility for U.S. investors. This move is expected to increase market awareness and shareholder base as Flow expands its operations in the U.S. premium water market. Flow's products are carried by major retailers, including Target and Walmart. Established in 2014, Flow is committed to sustainability and offers a diverse range of health-oriented beverages, including alkaline spring water and innovative collagen-infused waters.