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Diamond Estates Wines & Spirit Inc V.DWS

Alternate Symbol(s):  DWWEF

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.


TSXV:DWS - Post by User

Post by TheCount11on Aug 01, 2023 12:00pm
154 Views
Post# 35567014

Tough year

Tough year
Over the course of a year shareholder equity went from over $30M to under $23M and company managed to lose $8.5M.  Head office costs went from $3.8M to $4.5M PLUS $0.5M is stock comp.
 
In the span of 2 years share count went from 20M to a heroic 28M.  Management keeps diluting small shareholders.  One of the worst board of directors I have ever seen.

Is DWS the canary in the coal mine? Will be interesting to see Peller results.
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