#FLOW WATER TSX SERIES#

(TSX:FLOW OTCQX:FLWBF) (“Flow” or the “Company”) today announced its official sponsorship of Pride Toronto, sampling over 70,000 units of products across various Pride Toronto events throughout June. So from a category perspective, we could sit in this path for years as we capture market share and grow to be the number one premium enhanced mineral water in North America.Flow Alkaline Spring Water Sponsors Pride Toronto events, sampling over 70,000 units of product, while promoting both sustainable and healthy choices for consumersįlow Beverage Corp. “When you look within the premium enhanced water category globally, it’s growing at double digits every year. “We can take this company to a multi-billion-dollar revenue stream,” Reichenbach said. Reichenbach noted that Flow’s influencer roster has helped grow its consumer base to over 17 million and the company expects to double that this year.Įarlier this month, Flow announced a new Vitamin-Infused Water line, as well as new flavors for its collagen-infused line, representing a broader expansion into the functional beverage space.

#FLOW WATER TSX SERIES#

Last year, Flow raised $45 million in a Series D funding round that included backing from celebrity investors including rapper Post Malone, Shawn Mendes and MLB champion Chase Utley. Reichenbach said that Flow expects to produce over 100 million units this year. Through those facilities, the company also operates its subsidiary Planet A Co-Packing Solutions which produces products for companies including Vita Coco and Orro among others. The company grew sales 44% last year to over $25 million and ecommerce sales increased over 200% to represent over 20% of Flow’s total sales.Īccording to Reichebach, Flow owns over $100 million in assets, including two artesian springs - one in Canada and another in Virginia. Earlier this month, Flow chief revenue officer Tim Dwyer told BevNET that the company aims to have 65% ACV in the grocery channel by next year. Points of distribution have increased roughly 75% over the last three months. and Canada, with much of its sales coming in the natural and specialty channels. And that’s what going public is to me as an entrepreneur.”įlow founder and CEO Nicholas Reichenbachįlow is currently available in over 30,000 doors in the U.S.

It’s a very rare thing in this industry - it’s a unicorn for sure - where you can take a company and have a long term 10-20 year vision on it. “I intend to stay till the very end,” he said. The move will also allow him to stay on as CEO for the foreseeable future, he added. “And what that does is it gives a really good platform for companies like Flow to really access institutional growth capital that has a mid to long term view on the company’s growth, which really gives the runway for us to take a incredible leap forward as a company.”īy going public, Reichenbach said Flow could potentially achieve a 5-to-7.5x investment multiple, versus a 1.5-3.5x multiple through a more common private equity-to-exit strategy. “ when you started to see healthy institutional capital come into the market with a 10 to 15 year hold,” Reichenbach said. He noted that Flow’s focus on environmental sustainability (the drinks are packaged in Tetra-Pak containers) positions it as a high-growth, better-for-you brand. Reichenbach said the company was inspired to take the public route after Beyond Meat’s 2019 IPO showed an avenue for better-for-you food and beverage companies on the stock market.

Flow water tsx