Flow Beverage Corp. signs a distribution agreement with Foodbuy

TORONTO–(BUSINESS WIRE)–Flow Beverage Corp. (TSX: FLOW; OTCQX: FLWBF) (“Flow” or the “Company”) today announced that it has signed a distribution agreement with Foodbuy Foodservice (“Foodbuy”), whereby alkaline spring water Flow will be available for purchase at more than 11,000 new retail outlets across the hospitality and leisure, restaurant and catering, gaming and casino, country club, healthcare and education. This distribution agreement represents another strategic step in Flow’s growing restaurant business, which also includes recent contracts with hotel group Accor and Norwegian Cruise Lines Holdings Ltd.

Foodbuy Foodservice is a division of Foodbuy, LLC – North America’s largest foodservice procurement and supply chain solutions organization. Foodbuy provides sourcing, distribution management, shopping optimization, culinary solutions consulting, e-sourcing and auditing services to a range of businesses including hospitality, restaurants and hotels, retirement homes and educational institutions.

Flow Founder and CEO Nicholas Reichenbach said:We are delighted to add Foodbuy as a distribution partner in the food service industry, a very important sector which we believe will lead to significant growth for Flow. Foodservice sales not only contribute to our top line, they drive testing and are a catalyst for growth in other segments such as retail and e-commerce. To that end, the Flow team has made tremendous strides in building our foodservice distribution network with elite organizations such as Foodbuy. For Flow, this distribution agreement leverages Foodbuy’s vast network of consumers in the United States who currently do not have access to Flow products and diversifies our distribution capabilities with an organization that shares our vision and values.

About Foodbuy

Foodbuy Foodservice is a division of Foodbuy, LLC – North America’s largest foodservice procurement and supply chain solutions organization and the sole sourcing partner of its parent company, Compass Group North America. Foodbuy manages a purchasing volume of over $26 billion, giving it an edge when negotiating contracts for Compass Group and Foodbuy members.

About the feed

Flow is one of the fastest growing premium water companies in North America. Founded in 2014, Flow’s mission from day one has been to reduce environmental impacts by providing sustainably sourced naturally alkaline spring water in plant-based packaging that is recyclable and up to 75% renewable. Today, the brand is B-Corp certified with a score of 126.5, the best in its category, offering a diverse range of beverages focused on health and well-being: original naturally alkaline spring water, organic flavors award-winning, infused with collagen and vitamins. – infused flavors in sizes ranging from 330 ml to 1 litre. All products contain naturally occurring essential electrolytes and minerals and support Flow’s overall goal of “bring well-being to the world through the positive power of water. Flow beverages are available online at flowhydration.com and are sold in over 36,000 stores across North America.

For more information about Flow, please visit Flow’s Investor Relations site at: investor.flowhydration.com.

Caution

This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws. These forward-looking statements include, but are not limited to, information regarding our goals and strategies to achieve those goals, as well as information regarding our beliefs, plans, expectations, anticipations, estimates and intentions. Forward-looking statements are generally identified by the use of words such as “may”, “should”, “should”, “could”, “expect”, “intend”, “estimate”, ” anticipate”, “plan”, “expect”, “believe” or “continue”, although not all forward-looking statements contain these words. Forward-looking statements are provided for the purpose of helping the reader understand Flow and its business, operations, prospects and risks at any given time in the context of possible historical and future developments, and the reader is therefore cautioned that such information may not be suitable for other purposes. Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those disclosed or under -understood by these forward-looking statements. These risks and uncertainties include the following: the impact and spread of COVID-19; ability to achieve and manage growth; inability to develop sales capabilities; changes in consumer preferences; criticism of packaged water; maintain brand image and product quality; limited or unavailable spring water sources; inability to package products; increased competition; accurately estimate demand; maintain relationships with distributors and vendors; the changing retail landscape; improper product design or development; misrepresentation of product information; revenue derived entirely from packaged beverages; increases in costs or shortages of materials; fluctuation in quarterly operating results; no guarantee of profitability; foreign currency fluctuations; changes in government regulations; contamination or recalls of ingredients or finished products; loss of intellectual property rights; dispute; future tax rates; catastrophic events; climate change; seasonal trade; dependence on key information systems and third party service providers; ability to securely store confidential information; maintain and upgrade information technology systems; conflict of interest; two-class share structure; potential stock price volatility; no guarantee of active market for shares; lack of dividends; global financial situation; publication of inaccurate or unfavorable research and reports; operating history; and management and conflicts of interest. Accordingly, all forward-looking statements contained herein are qualified by the foregoing cautionary statements, and there can be no assurance that the results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences. or effects on our business, financial condition or results of operations. Unless otherwise stated or the context indicates otherwise, the forward-looking statements contained herein are made as of the date hereof, and we undertake no obligation to update or modify any such forward-looking statements, whether as a result of new information, future events or otherwise. , except as required by applicable law.

Comments are closed.