Diamond Estates Wines & Spirit Inc V.DWS

Alternate Symbol(s): DWWEF

Consumer Defensive Beverages - Wineries & Distilleries

Diamond Estates Wines & Spirits Inc. is a Canada-based producer of wines and ciders, as well as a sales agent for over 120 beverage alcohol brands across Canada. The Company operates five production facilities, four in Ontario and one in British Columbia, which produce predominantly VQA wines under brand names, such as 20 Bees, Creekside, EastDell, Lakeview Cellars, Mindful, Queenston Mile, Shiny Apple Cider, Fresh, Proud Pour, Red Tractor, Seasons, Serenity, Persona and Backyard Vineyards. The company also markets Niagara wine to liquor boards, grocery stores and licensed establishments in Canada, Asia and Europe. In addition, the Company distributes a complementary portfolio of international wines and spirits through a subsidiary. Through its commercial division, Trajectory Beverage Partners, the Company is the sales agent for many international brands in all regions of the country, as well as being a distributor in the western provinces.

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Diamond Estates Wines & Spirit Inc

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Post by 88guy88on May 11, 2023 9:59am

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Post# 35442906

RSI is 29.68...oversold

The only time to sell your shares is when Lassonde buys them for 3 or 4 times the current price....this is a WIN WIN stock for sure....Lassonde already owns 30% of the company and the book value currently is one third.

The next quarter report is at the end of the this month and expect improvments in all categories and likely Lassonde will make an offer this quarter or end of next quarter...

Either way Lassonde will buy the company for a premium price according to Stephen T.....either the company improves results or Lassonde buys and puts its own proven management in place.

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