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Flow Capital concludes joint venture with Foregrowth


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Flow Capital concludes joint venture with Foregrowth

Flow Capital Corp. concluded the joint venture agreement with Foregrowth Holdco Inc.

The agreement was signed in October 2016 and was due to expire in October.

The partnership allowed Flow Capital to expand its portfolio across a range of investment opportunities.

Flow Capital has divested its 15% shareholding in Foregrowth-Grenville Investments Inc.

Flow Capital and its other joint venture partner, Darwin Strategic Royalty Corp., acquired Foregrowth's share of the five royalty investments made by Foregrowth-Grenville Investments for a price equal to the investment amount. Flow Capital and Darwin share the acquired investments on a 79% and 21% basis, respectively.