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.

Reported publicly: www.marketwatch.com