Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Flow Beverage Corp. ( (TSE:FLOW) ).
Flow Beverage Corp. has announced that the Ontario Superior Court of Justice has appointed Richter Inc. as the receiver over its business and assets, following a support agreement with its lenders. This move is part of a structured foreclosure process aimed at transitioning ownership of Flow’s business to its lenders, allowing the company to continue operations with bridge financing. Additionally, the company’s board of directors has seen multiple resignations, and the Toronto Stock Exchange is reviewing Flow’s eligibility for continued listing, with trading of its shares currently suspended.
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, primarily focusing on the production and distribution of water and related beverage products.
Average Trading Volume: 134,047
Technical Sentiment Signal: Sell
Current Market Cap: C$4.52M
For an in-depth examination of FLOW stock, go to TipRanks’ Overview page.