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Flow Beverage Corp. Obtains $4.1 Million Secured Term Loan from RI Flow LLC

Nov 04, 2024•over 1 year ago

Contract Type

agreement

TorontoFood And BeverageWater

Description

Flow Beverage Corp. has announced that it recently secured a term loan of CAD$4.1 million from RI Flow LLC, an affiliated entity of NFS Leasing Canada Ltd. The loan will mature in six months, with an annual interest rate of 15%, and is secured against the company’s assets. The proceeds from the loan will be utilized for brand growth, working capital, and general corporate purposes.

Company Information

Company

Flow Water

Location

Toronto, Ontario, Canada

About

Founded in 2014 and headquartered in Toronto, Canada, Flow Water Inc. produces 100% naturally alkaline mineral water sourced from its own artesian springs. Known for its smooth, clean taste, Flow is packaged in eco-friendly, renewable packaging designed with sustainability in mind. Flow products are available across retail channels and online through the brand's direct-to-consumer store and select e-commerce partners.

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