On December 21, 2020, Flow Water Inc. has entered into a letter of intent (LOI) with RG One Corp., a reporting issuer, for a going-public transaction. The proposed transaction will result in reverse take-over (RTO) of RG One by Flow Water.
Founded in 2014, Flow Water’s Flow Alkaline Spring Water is a premium water wellness brand sold throughout North America. Flow’s naturally alkaline spring water is offered in a range of flavors, and because of its unique origins contains naturally occurring electrolytes, essential minerals, and an alkaline pH. As part of its innovation into functional beverages, Flow has recently introduced a new line of collagen-infused waters and has positioned its brand trough a number of celebrity and athlete endorsements and affiliations.
Following the closing of the proposed transaction, RG One will change name to Flow Water Inc. and will seek listing on the Toronto Stock Exchange (TSX).
Flow was founded on the belief that naturally sourced spring water is one of the best forms of hydration, and that it should be delivered in an eco-friendly package designed to have a low carbon footprint. All Flow products are carefully sourced from its protected springs and packaged in a Tetra Pak plant-fiber based carton, made from up to 75 percent renewable resources.
Flow is well-positioned to take advantage of a growing market and trend in the beverage industry and already has very strong brand recognition in Canada and the US with celebrity endorsers (musicians and atheletes) already in place.
Flow is expected to be one of the leading going public transactions in the food and beverage indusrty with a goal of listing its stock in the US in the furure.
A Fasken team composed of Neil Kravitz, Matthew Quadrini and Jonathan Razienne advised Stifel GMP and the syndicate of underwriters in connection with this transaction.
