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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. Its principal business activities include the production, marketing and sale of wine, and through its agency division, operating as Trajectory Beverage Partners (TBP), distribution and marketing activities for various beverage alcohol brands. Its brands include Twenty Bees, Creekside, EastDell, Mindful, Lakeview Wine Co., Shiny Apple Cider & Fresh Wines, and Backyard Vineyards. These products are available at government liquor boards, grocery stores and licensed establishments across Canada. It operates four production facilities, three in Ontario and one in British Columbia. The Company distributes a complementary portfolio of international wines and spirits through a subsidiary. TBP 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 Rainmanon May 23, 2019 3:11pm
79 Views
Post# 29768889

Debt

DebtShould we see an equity issue we'd be below a dime in a heartbeat IMO. I believe that this can be avoided given what they are telling us. The China distributor has now opened it's full complement of stores and DWS's relationship with them remains strong. This implies to me that we should expect wine sales to pick up again to China. This, along with the new agency partnerships, which they claim are showing solid sales growth, combined with the expanding shelf space in Ontario, should be able to see them through this debt issue if they just hunker down for a short period of time. The market needs to be reassured on this though. The continuing stock price decline amid the silence does not inspire confidence.
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