TORONTO, October 2, 2019 – Flow Capital Corp. (TSXV: FW) today announces that it has received a buyout payment from Factor 75. The buyout terminates Flow’s USD $750K royalty investment in the company.
Factor 75 is a fully-prepared meal delivery service that ships healthy, restaurant-quality meals directly to consumers throughout the contiguous US. For three consecutive years, the company has been listed on the Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies.
“Flow’s revenue-based investment was phenomenal for Factor 75, providing flexible capital that helped enable our company’s very high growth rate. Flow has been a super supportive investor and advisor to our business,” stated Mike Apostal, CEO of Factor 75.
“Factor 75 is a case study in how Flow Capital helps entrepreneurs accrete equity value while minimizing dilution. We are so pleased to have played a small role in Factor 75’s ongoing success. We congratulate Mike, Nick, and the entire Factor 75 team,” said Robb McLarty, CIO of Flow Capital.
About Flow Capital
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.
About Factor 75
Factor 75 is a fully-prepared meal delivery service that ships healthy, restaurant-quality meals directly to consumers throughout the contiguous US. Every recipe on their menu is hand-crafted by gourmet chefs and optimized by dietitians. Their meals are free of refined sugars, gluten, soy, hormones, antibiotics, and GMOs. Weekly Factor 75 subscriptions include 4, 6, 8, 12, or 18 meals per week. For additional information on Factor 75, please visit www.factor75.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
1 Adelaide Street East, Suite 3002,
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.
