Flow Beverage Corp. Enters into Manufacturing Agreement with BeatBox, With the Potential to Deliver up to $115 million in Revenue Throughout the 5-year Term - Seite 2

Founded in 2012, BeatBox products are located in over 83,000 stores across North America. The “World’s Tastiest Punch” is available in nine nostalgic wine-based or malt-based flavours and contains low sugar, low carbs and low calories, all while delivering an 11.1% ABV “punch.” BeatBox is committed to eco friendly operations through its alignment with CarbonBetter, Plastic Neutral and as a recent B Corp Certified company.

Aimy Steadman, co-founder and COO of BeatBox, states, "BeatBox is experiencing rapid growth as a leading alcohol brand utilizing Tetra Pak’s 500ml packaging. We are pleased to announce our strategic partnership with Flow, which will bolster our production capacity throughout 2024 and beyond. This collaboration reflects our shared commitment to sustainability, as evidenced by both of our companies holding B Corp certification. Through this partnership, we remain dedicated to reshaping the Ready-to-Drink category in accordance with our distinct 'BeatBox Way' corporate values.”

Equipment Financing and Senior Secured Loan

NFS Leasing Canada Ltd. ("NFS"), a committed partner in growth, has extended its support to Flow by providing equipment financing for up to $11.4 million. This financing allows Flow to add a fourth production line and increase capacity for the Aurora production facility. In addition, for general corporate purposes, Flow has entered into an interim loan financing agreement in the form of a $5,000,000 senior secured loan with NFS with a maturity date of May 13, 2024, which bears interest at the rate of 2% per month.

About Flow

Flow is one of the fastest-growing premium water companies in North America. Founded in 2014, Flow’s mission since day one has been to reduce environmental impacts by providing sustainably sourced naturally alkaline spring water in a recyclable and up to 75% renewable, plant-based pack. Today, the brand is B-Corp Certified with a best-in-class score of 126.5, offering a diversified line of health and wellness-oriented beverage products: original naturally alkaline spring water, award-winning organic flavours, collagen-infused and vitamin-infused flavours in sizes ranging from 330-ml to 1-litre. All products contain naturally occurring electrolytes and essential minerals and support Flow’s overarching purpose to “bring wellness to the world through the positive power of water.” Flow beverage products are available online at flowhydration.com and are sold at over 59,000 stores across North America.