TORONTO–(BUSINESS WIRE)–Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (Flow or the Company) today announced that it has commenced an internal restructuring, which will further optimize the Companys operations toward achieving profitable growth of the Flow brand. The internal restructuring and the previously announced sale of the Verona production facility are expected to result in a reduction of 80 positions.
Flow expects these initiatives to result in annualized cash savings of approximately $17 million once fully implemented. Additionally, the Company believes it can maintain a high growth trajectory for net revenue from the Flow brand while also achieving predictable cost of goods sold, improved gross margins, lower overhead costs an…
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