Flow Beverage Corp. Announces Amendment to Warrant Terms

Flow Beverage Corp. (TSX: FLOW, OTCQX: FLWBF) (“Flow” or the "Company"), announces that it is amending the exercise price (the “Exercise Price Amendment”) of its Series “D” Warrants and Series “E” Warrants issued to NFS Leasing Canada Ltd. respectively on December 30, 2022, and June 30, 2023 (collectively, the “Warrants”).

Exercise Price Amendment

After giving effect to the Exercise Price Amendment, each Warrant issued on December 30, 2022 (the Series “D” Warrants) and June 30, 2023 (the Series “E” Warrants) will now be exercisable to purchase a subordinate voting share of the Company at a price of $0.40 per subordinate voting share. The existing and amended exercise prices are detailed in the table below:

Issue Date	Number of Warrants	Current Exercise Price	Amended Exercise Price	Expiry Date
December 30, 2023	3,066,880	$0.50	$0.40	December 31, 2032
June 30, 2023	1,000,000	$0.50	$0.40	June 30, 2033

None of the Warrants are held by insiders of the Company.

The Toronto Stock Exchange has provided conditional approval on February 13, 2024, to the Exercise Price Amendment, with an effective date for the amendments of February 29, 2024.

About Flow Beverage Corp.

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 59,500 stores across North America.