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Flow Beverage Corp. ( (TSE:FLOW) ) just unveiled an update.
Flow Beverage Corp. has entered into a support agreement with NFS Leasing Canada Inc. and RI Flow LLC to transition the ownership of its business through a structured foreclosure. This move is part of a restructuring transaction to address liquidity challenges, allowing the company to operate normally while the process is implemented. The agreement involves transferring assets to the lenders, offering employment to some current employees, and winding down remaining assets and liabilities under court supervision. This restructuring aims to improve the company’s financial position and ensure continued operations.
The most recent analyst rating on (TSE:FLOW) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Flow Beverage Corp. stock, see the TSE:FLOW Stock Forecast page.
More about Flow Beverage Corp.
Flow Beverage Corp. operates in the beverage industry, focusing on providing premium water products. The company is known for its eco-friendly packaging and commitment to sustainability.
Average Trading Volume: 126,931
Technical Sentiment Signal: Sell
Current Market Cap: C$4.52M
Find detailed analytics on FLOW stock on TipRanks’ Stock Analysis page.