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Bullboard - Stock Discussion Forum 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... see more

TSXV:DWS - Post Discussion

Diamond Estates Wines & Spirit Inc > New Press Release - Diamond Estates Wines & Spirits Reports Fiscal Q1 2024 Financial Results
View:
Comment by holmian on Sep 01, 2023 11:34am
"The Company has debt repayment requirements of $31.5 million over the next twelve months... These circumstances lend significant doubt as to the ability of the Company to continue as a going concern and, accordingly, the appropriateness ultimately of the use of accounting principles applicable to the going concern assumption." PLUS "On August 22, 2023 the Company received ...more  
Comment by screamer99 on Sep 06, 2023 9:51am
That's $3.1m less cash that the company has to pay their fixed costs. Current equity holders are doomed.
Diamond Estates Wines & Spirit Inc
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