· Minimum total revenue under contract increased to $19.5 million
TORONTO--(BUSINESS WIRE)--Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (“Flow”) today announced that it has amended the terms of its manufacturing agreement (the “Agreement”) with Joyburst Inc. (“Joyburst”). Pursuant to the terms of the amending agreement, the term (the “Term”) of the Agreement has been extended from three years to four and the minimum total revenue over the Term have increased to $19.5 million, an increase from minimum total revenue of $13.5 million over the original three-year term under the Agreement.
“We are thrilled to be extending our co-pack agreement with Joyburst and now reaching over $267 million in minimum contracted revenue for our co-pack operation over the next six years. Joyburst's commitment to innovation and sustainability aligns very well with Flow's ethos and extending our co-pack agreement not only fortifies our partnership but also amplifies our shared mission to deliver hydration solutions in an environmentally conscious manner,” said Nicholas Reichenbach, Founder and Chief Executive Officer of Flow.
About Joyburst
Joyburst is a "better for you" beverage company launched in 2021, with a mission of "SPREADING JOY WITH EVERY SIP". Joyburst launched through a nationally televised Super Bowl commercial and has aggressively grown its product offerings. Its current line-up of beverages consist of energy drinks, mocktails, hydration beverages using electrolytes, multivitamins and lion's mane. Joyburst has quickly become one of the fastest growing beverage companies in North America and its products are now available in over 27 countries including Mexico, Taiwan, Spain, UAE, China etc. Learn more at: www.joyburst.com.