Flow Beverage Corp. (TSE:FLOW) has released an update.
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Flow Beverage Corp. reported a decline in financial performance for Q1 2024, with net revenue and adjusted EBITDA losses falling compared to the previous year. Despite the downturn, the company made strategic decisions to exit unprofitable ventures and signed new co-packing deals anticipated to generate significant revenue over five years. They remain on track to achieve profitability and positive cash flow from operations by the end of 2024 as they streamline operations and focus on core products.
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