Spring water company enters alcoholic drinks market with BeatBox partnership
- Flow Beverage’s shares jumped 16% after securing a manufacturing deal with BeatBox Beverage
- The deal involves manufacturing and packaging BeatBox’s line of Party Punch
- BeatBox has committed to buying certain minimum annual volumes, generating $84.1 million in revenue over the five-year term
- Production is set to begin between May and July next year
- Flow also has a three-year manufacturing agreement with Joyburst Beverages
Public Companies: Flow Beverage (N/A)
Private Companies: BeatBox Beverage, Joyburst Beverages
Key People: Mark Cuban (Investor), Rob Dyrdek (Investor)
Factuality Level: 7
Justification: The article provides information about Flow Beverage’s move into the alcoholic drinks market with a deal to manufacture and package BeatBox Beverage’s line of Party Punch. It mentions the increase in Flow’s shares and the revenue expectations from the deal. The article also mentions a previous manufacturing agreement with Joyburst Beverages. However, the article lacks specific details about the terms of the agreements and the sources of information are not cited.
Noise Level: 3
Justification: The article provides relevant information about Flow Beverage’s move into the alcoholic drinks market with a deal to manufacture and package BeatBox Beverage’s line of Party Punch. It includes details about the agreement, such as the minimum annual volumes and revenue, production start date, and a take-or-pay provision. The article also mentions a previous manufacturing agreement with Joyburst Beverages. However, it lacks in-depth analysis, scientific rigor, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Flow Beverage’s shares
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to a financial topic as it discusses Flow Beverage’s move into the alcoholic drinks market and their manufacturing agreements with BeatBox Beverage and Joyburst Beverages.