All dollar amounts are in Canadian dollars.
TORONTO, September 01, 2021–(Enterprise WIRE)–Circulation Beverage Corp. (TSX:Movement) (“Flow” or the “Business”), today introduced that is has repaid specified gear lease obligations for a overall payment of $6,955,385, inclusive of principal volume superb, curiosity payments and termination charges. The reimbursement is regular with the mentioned use of proceeds from the Company’s lately concluded private placements for gross proceeds of $68.9 million. The Corporation is also negotiating lower-expense credit score facilities to increase its money overall flexibility as the Business scales.
Movement is a premium alkaline spring h2o enterprise with a diversified line of well being and wellness-oriented beverage products and solutions offered on line and at retailers throughout North The usa. Flow’s quality alkaline spring drinking water is provided in authentic unflavored and a variety of award-profitable natural flavors, in measurements ranging from 330-ml to 1-liter.
Thanks to its distinctive artesian spring sources, Circulation merchandise have obviously happening electrolytes and crucial minerals, and its original and flavored drinking water merchandise have an alkaline pH. As component of its ongoing innovation into functional “better-for-you” drinks, Circulation a short while ago released a new line of collagen-infused waters with normal flavors.
Established in 2014 by serial, mission-driven entrepreneur Nicholas Reichenbach, Stream is extremely committed to sustainability and is a B-Corp Accredited company with a objective to “convey wellness to the globe through the good energy of water.” Stream set out to be a sustainable brand name, packaging its goods in up to 75% renewable-source-primarily based Tetra Pak™ cartons employing sustainable functions.
Stream beverage merchandise are available on the internet at flowhydration.com, and are sold at around 20,000 outlets throughout the United States and Canada, which include Goal, Publix, Walmart, Costco, Full Foodstuff Market place, Loblaws, Sobeys, Metro, Consumers Drug Mart, Farm Boy, Sprouts Farmers Industry, Safeway, Wegmans, Harris Teeter, Big Eagle, Bristol Farms, Raley’s, and Duane Reade, between other folks.
For much more facts on Move, make sure you go to Flow’s investor relations web page at: traders.flowhydration.com.
This press launch may perhaps comprise “forward-hunting statements” inside the which means of applicable Canadian securities laws. These types of forward-looking statements include things like, but are not minimal to, details with respect to our objectives and the approaches for obtaining people targets, as well as data with respect to our beliefs, options, expectations, anticipations, estimates and intentions. Forward-seeking statements are commonly determined by the use of terms such as “may possibly”, “would”, “ought to”, “could”, “count on”, “intend”, “estimate”, “anticipate”, “prepare”, “foresee”, “consider”, or “carry on”, while not all ahead-seeking statements comprise these terms. Forward-looking statements are furnished for the applications of aiding the reader in understanding Circulation and its business, operations, prospects, and hazards at a level in time in the context of historic and probable long run developments, and the reader is hence cautioned that these types of data may possibly not be ideal for other functions. Ahead-hunting statements are primarily based on assumptions and are subject to a amount of challenges and uncertainties, several of which are over and above our management, which could induce real outcomes to differ materially from individuals that are disclosed in or implied by these ahead-on the lookout statements. All those challenges and uncertainties include things like the subsequent: affect and unfold of COVID-19 capability to reach and deal with advancement failure to develop gross sales abilities improvements in shopper choices criticism of packaged h2o retain manufacturer image and solution high quality constrained or unavailable spring drinking water sources inability to offer items elevated competition precisely estimating need preserving associations with distributors and vendors altering retail landscape incorrect product layout or advancement product information misrepresentation revenues derived entirely from packaged beverages raises in fees or shortages of components fluctuation of quarterly functioning outcomes no assurance of profitability fluctuations in foreign currency improvements in federal government regulation contamination or remembers of components or conclusion items loss of mental house legal rights litigation long run tax rates catastrophic events climate transform seasonal organization dependence on critical information and facts programs and third-celebration provider suppliers capability to securely retain private info protecting and upgrading information and facts engineering systems conflict of curiosity twin course share structure likely volatility of share cost no assurance of energetic industry for shares deficiency of dividends world wide fiscal affliction publication of inaccurate or unfavourable research and reports working background and administration and conflict of passions. For that reason, all of the forward-seeking statements contained herein are skilled by the foregoing cautionary statements, and there can be no guarantee that the final results or developments that we anticipate will be understood or, even if considerably realized, that they will have the predicted repercussions or effects on our small business, fiscal situation or results of operation. Until in any other case pointed out or the context or else implies, the ahead-looking statements contained herein are provided as of the date hereof, and we do not undertake to update or amend these ahead-seeking statements no matter if as a result of new facts, foreseeable future occasions or normally, other than as might be necessary by relevant law.
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