News

Flow Beverage Enters Alcoholic Drinks Market with BeatBox Beverage Deal

1 Mins read

Shares of Flow Beverage soared as the spring water company announced its foray into the alcoholic drinks market through a partnership with BeatBox Beverage. The deal involves manufacturing and packaging BeatBox’s line of Party Punch.

Share Price Surge

In morning trading, Flow Beverage’s shares experienced a remarkable 16% surge, currently trading at C$0.26. The company’s shares have seen a substantial increase of 37% since the beginning of this year.

A Lucrative Partnership

Flow Beverage revealed that the agreement with BeatBox includes a commitment from the latter to purchase certain minimum annual volumes. This commitment is expected to generate approximately CAD 115 million ($84.1 million) in revenue over the course of the five-year deal.

Production is scheduled to commence between May and July of next year. Additionally, the agreement stipulates a take-or-pay provision, which requires BeatBox to pay 85% of the difference between the minimum annual volume and the actual volume purchased during a twelve-month period.

Expanding Manufacturing Agreements

This recent collaboration with BeatBox follows Flow Beverage’s previous three-year manufacturing agreement with Joyburst Beverages. The deal with Joyburst involves an assured annual production of 15 million units of Joyburst Hydration-branded beverages, which will be manufactured at Flow’s Aurora, Ontario facility.

Related posts
News

xrp price prediction: XRP Price Forecast: Market decline continues as SOPR resets. Here's current market trends, retail demand, technical analysis and analysts insights todayheadline | Today Headline

1 Mins read
XRP Price Forecast shows Ripple trading near $2.26 on Friday after four consecutive days of decline. The cross-border payment token has faced…
News

Form 13G JADE BIOSCIENCES For: 16 October By Investing.com

1 Mins read
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment…
News

Trump's 100% Tariffs On China Send Bitcoin, Ethereum, And Dogecoin Price Crashing. But One Coin Stands Out - Cryptopolitan

2 Mins read
The crypto market’s early-October rally stalled after President Trump reignited tensions with China by confirming a sweeping 100% tariff on Chinese imports…

Leave a Reply

Your email address will not be published. Required fields are marked *

39 − 37 =