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An announcement from Flow Beverage Corp. ( (TSE:FLOW) ) is now available.
Flow Beverage Corp. has announced it received demand letters and notices of enforcement of security from NFS Leasing Canada Ltd. and RI Flow LLC due to alleged defaults on secured loans. The company is facing potential foreclosure on its assets. In response, Flow’s Board of Directors is exploring strategic alternatives with the help of financial advisors to address the situation. Additionally, the company announced the immediate departure of Nicholas Reichenbach from his roles as Executive Chairman and CEO, although he remains on the Board. An interim office will manage CEO responsibilities during this transitional period.
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 environmentally friendly packaging and aims to cater to health-conscious consumers.
Average Trading Volume: 109,874
Technical Sentiment Signal: Sell
Current Market Cap: C$5.42M
Learn more about FLOW stock on TipRanks’ Stock Analysis page.