BioSteel Buying Flow Alkaline Water’s Virginia Plant for $19.5 Million

Dear Client:  This week, sports hydration brand, Canopy's BioSteel, announced the purchase of Flow Alkaline Spring Water’s Verona, Virginia production facility.   The deal “enables vertical integration in support of BioSteel's rapid growth strategy,” the company said. BioSteel paid $19.5 million for the assets, via $13.2 million in cash and $6.3 million for debt repayment and the retirement of lease obligations. “To support Verona Facility utilization and an efficient transition for both parties, Flow and BioSteel have also entered into a