09:19 AM EDT, 08/01/2024 (MT Newswires) -- Flow Beverage ( FLWBF ) on Thursday amended the terms of its manufacturing agreement with BeatBox Beverages, extending it from five years to six and increasing the minimum total revenue to $213 million from $115 million.

Flow plans to add two production lines at its Aurora production facility to satisfy the increased demand for co-manufacturing from BeatBox, in addition to other recently announced agreements and to accommodate anticipated growth in the Flow brand.

Separately, BeatBox committed to buying from Flow by Oct. 31 a US$2 million convertible note secured against Flow's assets. The note will pay 10% annual interest and BeatBox's has the option to convert it at any time into subordinate Flow voting shares of Flow at a conversion price of $1.