Flow Beverage receives loan default notices, CEO steps down immediately

Flow Beverage Corp. (TSX: FLOW; OTCPK: FLWBF) received demand letters and notices of intention to enforce security from lenders NFS Leasing Canada Ltd. and RI Flow LLC on August 22, 2025, regarding alleged defaults on secured loans, according to a company statement.

The lenders indicated an intention to foreclose on the company and its subsidiaries' assets to satisfy the outstanding debt. Flow's board of directors remains in place, with a special committee of independent directors actively considering alternatives to address the situation.

Nicholas Reichenbach departed from his positions as Executive Chairman and Chief Executive Officer effective immediately, though he remains a board member. An Office of the Interim Chief Executive Officer, comprising the Chair of the Special Committee, Chief Financial Officer, and General Counsel and Corporate Secretary, will handle CEO responsibilities on an interim basis.

The company previously retained Origin Merchant Partners as financial advisor to explore strategic alternatives, and that review continues. Flow stated it does not expect to continue as a going concern without near-term capital infusion and provided no assurances about sourcing such capital or avoiding foreclosure.

The Toronto-based beverage company trades on the Toronto Stock Exchange and over-the-counter markets in the United States.

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