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Flow Beverage Corp. ( (TSE:FLOW) ) just unveiled an announcement.
Flow Beverage Corp. announced the advancement of an additional $2 million under its secured convertible loan with RI Flow LLC, bringing the total advanced amount to $4 million out of a potential $6 million. This funding is significant for Flow’s operational capacity and financial strategy, as it strengthens its position in the competitive premium water market. The involvement of RI Flow and NFS Leasing Canada Ltd., both affiliates of Clifford L. Rucker, highlights the strategic partnerships and stakeholder interests in Flow’s growth trajectory.
The most recent analyst rating on (TSE:FLOW) stock is a Hold with a C$0.25 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. is a rapidly growing premium water company in North America, founded in 2014. The company focuses on reducing environmental impacts by offering sustainably sourced natural mineral spring water in eco-friendly formats. Flow’s product line includes original mineral spring water, organic flavors, and sparkling mineral spring water, all containing naturally occurring electrolytes and essential minerals. The brand is B-Corp Certified and aims to promote wellness through its beverages, available in Canada, the United States, and online.
Average Trading Volume: 111,244
Technical Sentiment Signal: Sell
Current Market Cap: C$4.49M
Learn more about FLOW stock on TipRanks’ Stock Analysis page.