TORONTO, July 9, 2019 – Flow Capital Corp. (TSXV: FW) is pleased to announce that it has closed a senior secured two-year note with Montreal-based Wirkn, Inc. The investment was matched by an equivalent amount from equity investors and another lender.
“Wirkn’s video-based job marketplace helps retail brands to find and retain shift-based employees, in particular, Millennial and Generation Z candidates,” said Robb McLarty, Flow Capital’s Chief Investment Officer. “Hiring the right people is a key success factor for retailers. The next generation of brick-and-mortar retail will be heavily influenced by technology and humans to create an experience that is differentiated from e-commerce. Wirkn is enabling this for many of the world’s largest shopping centre owners and operators. We are excited to fuel Wirkn’s continued growth.”
About Flow Capital
Based in Toronto, Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. To apply for financing, visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
1 Adelaide Street East, Suite 3002,
PO Box 171, Toronto, Ontario M5C 2V9
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Flow or the industry to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof. Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
