Le Lézard
Classified in: Business
Subject: FINANCING AGREEMENTS

Flow Capital Announces Investment in Wirkn


TORONTO, July 09, 2019 (GLOBE NEWSWIRE) -- 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 Flow loan 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 bricks-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
[email protected] 

1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C 2V9

 


These press releases may also interest you

at 07:55
United Bankshares, Inc. ("United"), today reported earnings for the first quarter of 2024 of $86.8 million, or $0.64 per diluted share. First quarter of 2024 results produced annualized returns on average assets, average equity and average tangible...

at 07:50
Union Pacific Corporation today reported 2024 first quarter net income of $1.6 billion, or $2.69 per diluted share. This compares to 2023 first quarter net income of $1.6 billion, or $2.67 per diluted share. "Our team delivered strong financial...

at 07:35
GeoPark Limited ("GeoPark" or the "Company") , a leading independent Latin American oil and gas explorer, operator and consolidator, today announces its operational update for the three-month period ended March 31, 2024 ("1Q2024"). Oil and Gas...

at 07:35
PHINIA Inc. , a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the first quarter ended March 31, 2024. First Quarter Highlights: U.S. GAAP net sales of $863 million, an increase of 3.4%...

at 07:35
EMCOR Group, Inc. today reported results for the first quarter ended March 31, 2024. For the first quarter of 2024, revenues totaled $3.43 billion, an increase of 18.7%, compared to $2.89 billion for the first quarter of 2023. Net income was...

at 07:35
TriCo Bancshares : Executive Commentary: "The start of the second quarter of 2024 also represents the start of Tri Counties Bank's 50th year of operations. Thinking back to our humble beginnings, we have achieved great success through our...



News published on and distributed by: