Toronto-based Flow Beverage Corp. began trading common shares on the Toronto Stock Exchange (TSX) on Wednesday under the ticker symbol “FLOW”. It’s a significant milestone for the company that has been expanding rapidly with its various flavours of water in eco packaging.
CEO Maurizio Patarnello and Flow founder and Executive Chairman Nicholas Reichenbach virtually rang the TSX opening bell at 9:30 am. ET on Wednesday.
Reichenbach stated, “Today’s listing of Flow as a public company on the TSX is the result of the last seven years of incredibly hard work and dedication by the Flow team, the enduring support of our loyal shareholders, numerous celebrity influencers and brand ambassadors, our retail partners, and our incredible customers. It’s a very exciting time for Flow as we are now fully capitalized for our next stage of growth. We look forward to welcoming a host of new investors to the Flow family who support our mission to make products that are healthier for our customers and the planet.”
Patarnello said, “Flow’s entrance into the public markets is a major milestone that will help us focus on our growth strategy. We will continue investing in expanding distribution, increasing velocity, and our burgeoning direct-to-consumer model. We aim to increase brand awareness and establish Flow as a leading premium ‘better-for-you beverage’ brand in North America. Flow has tapped directly into the modern consumer’s desire for high quality sustainably packaged water and functional beverage products. The wave of support we have been receiving from our shareholders, retail and distribution partners, and our consumers, is further encouragement that we can take Flow to the next level”.
Flow is one of the fastest-growing premium water brands in North America and has grown its retail distribution rapidly. The company has fans such as musical performer Sean Mendez.
Flow’s alkaline spring water is offered in original unflavoured and a range of organic flavours in sizes ranging from 330-ml to 1-liter. Using artesian spring sources, Flow products contain naturally occurring electrolytes and essential minerals. Its original and flavoured water products have an alkaline pH. Flow recently introduced a new line of collagen-infused waters with natural flavours.
Nicholas Reichenbach founded Flow in 2014 with a purpose to “bring wellness to the world through the positive power of water.” Flow set out to be a sustainable brand, packaging its products in up to 75% renewable-resource-based Tetra Pak™ cartons utilizing sustainable operations.
Flow beverage products are available online at flowhydration.com, and are sold at over 20,000 stores across Canada and the US.
For more information, Flow Beverage’s Annual Information Form, MD&As, and further filings are available on SEDAR at: http://www.sedar.com/.