Flow's premium alkaline spring water is offered in original unflavored and a range of award-winning organic flavors, in sizes ranging from 330-ml to 1-liter.ĭue to its unique artesian spring sources, Flow products contain naturally occurring electrolytes and essential minerals, and its original and flavored water products have an alkaline pH. (formerly RG One Corp.) profile on SEDAR at Investor Presentationįlow is pleased to provide an updated investor presentation, which is accessible on the Company’s new corporate website: .įlow is a premium alkaline spring water company with a diversified line of health and wellness-oriented beverage products sold online and at retailers throughout North America. The Annual Information Form and complete second quarter results are available under the Flow Beverage Corp. Launched Spring/Summer Celebrity Campaigned “Beautiful Inside and Out,” featuring Shawn Mendes, Halle Barry, Russell Westbrook, Taboo, Hannah Bronfman, and Paloma Elsesser, garnering over 4.8 billion impressions to date. Launched Original 1 Liter, two organic flavors and multipack in over 934 Target locations nationally in April 2021 Īcquired and installed 2 new TetraPak® manufacturing lines that increased manufacturing capacity to over 350 million units per year and, Launch of three new collagen-infused SKUs: Meyer Lemon, Blood Orange, and Pomegranate flavors in both the United States and Canada With the Publix authorization in April 2021, added over 971 key points of distribution in the state of Florida Signed over 35 regional Direct Store Distribution (DSD) contracts in the United States Gross margin increased to 35% for Q2 2021 (32% YTD Q2 2021), an increase from 27% gross margin in the prior year comparative period (9% YTD Q2 2020) Key Financial and Operating Highlights Q2 and year-to-date:ħ4% increase in net revenue to $11.3 million in Q2 2021 (97% increase to $20.3 million YTD Q2 2021) We continue to invest in brand awareness and activation at the point of sale, and have reinforced our leadership team to support our future growth.” We are accelerating our growth strategy by expanding distribution with leading North America retailers and through our direct-to-consumer and subscription models. We have also materially improved gross margin, increasing to 32% in the first half of fiscal 2021 and growing to 35% in Q2 2021. Maurizio Patarnello, Flow’s Chief Executive Officer, commented: “We are very pleased with the 97% net revenue growth in the first half of fiscal 2021. (“Flow Water”) for the three- and six-month periods ending Ap(“Q2 2021” and “YTD Q2 2021,” respectively) on SEDAR. As part of the Transaction, the Company filed an Annual Information Form which details the Transaction and resulting issuer in detail, and the Company also filed financial results for Flow Water Inc. and the Company continued under the federal laws of Canada. (the “Transaction”) and as part of the Transaction the Company’s name was changed to Flow Beverage Corp. On June 29, 2021, the Company completed its reverse takeover transaction by way of a three cornered amalgamation with RG One Corp. We believe the tailwinds of sustainability, premium product consumption and the demand for ‘better-for-you and better for-the-planet’ products will continue to accelerate market share gains for the Flow brand.” We are very grateful to our supporters who have helped Flow establish a broad customer base across North America. Nicholas Reichenbach, Founder and Executive Chairman of Flow, stated: “We are absolutely thrilled to be announcing our debut on the TSX. The Company expects that its subordinate voting shares will commence trading on the TSX on July 14, 2021. (the “Company” or “Flow”), is pleased to announce that it has received approval to list its subordinate voting shares on the Toronto Stock Exchange (the "TSX") under the trading symbol "FLOW".
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