RE:First Pass at Annual Report - Good earnings schocor Q1/21 results are out too. Blowout numbers due to strong stocking by liquor marts ahead of xmas/shutdown2.0. Dividend back up to 0.22. Can't ask for more. And yes, HW distillery is owned by CSW controlling shareholder PernodRicard. PR produces spirits for CSW at that facility. CSW is largely a marketing and distribution entity. It does however own a small distilling operation and associated brands - Ungava Spirits in Quebec. That is a rapidly growing business for the company.
>>>On the back of this resilient environment, some liquor board customers have ordered strongly in the first quarter of fiscal 2021 to build stock ahead of the key second quarter trading period. As a result, the Company saw strong shipments in the quarter ended September 30, 2020 , leading to 9% top-line growth for Corby owned brands and commission income growth of 30% compared to the same period last year. Overall, the quarter enjoyed robust revenue growth of 12%. In a very volatile environment, rigor and caution were applied to advertising and promotion expenses as we continued to invest purposefully behind our key strategic brands and channels. In addition, overhead expenses were strictly controlled. As a result, total marketing, sales and administration expenses decreased significantly by 14% in the three-months ended September 30, 2020 . With strong top-line growth and reduced expenses, the quarter ended September 30, 2020 saw an unusually high net earnings of $10.8 million , an increase of 68% compared to the same period last year.
>>>Hiram Walker & Sons Limited is a wholly-owned Canadian subsidiary of international spirits and wine company Pernod Ricard S.A., which is headquartered in Paris, France. Hiram Walker & Sons Limited is Corby’s majority shareholder. Both Hiram Walker & Sons Limited and Corby benefit from shared services and support including executive management, information technology, human resources and research and development. The vast majority of Corby’s owned and represented brands are bottled and blended by Hiram Walker & Sons, making up part of the four million cases of spirits that the facility handles every year. As a result, the two companies are closely aligned. Hiram Walker’s long-standing commitment to quality and innovation has helped to make Corby a market leader in the Canadian spirits and wine industry
>>>Ungava Spirits Co. is a leading Canadian producer of premium-quality craft spirits. Our production, micro-distillery and office facilities are located in Cowansville in Quebec’s beautiful Eastern Townships region. Our unique and award-winning ranges of spirits are produced in small batches using the highest quality natural and local ingredients.