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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

Comment by screamer99on May 03, 2021 9:13am
180 Views
Post# 33113017

RE:DWS

RE:DWSTime will tell, but here's my take - The high of $0.38 you mentioned was on June 26, 2018, not June 1, 2018.  The very next day, the year end audited financials were released (check Sedar) and we can all see the trend from that day on.

In the two previous fiscal years, EBITDA was north of $3m.  In Q4-18, that was their worst March quarter and it was driven by lower ROW sales (if I recall correctly, a commercial agreement in China was terminated or scaled back).  The Company hasn't been able to replace those revenues and profitability since.  The MD&As contain segmented revenues so you can see for yourself.

I can't explain the current support, but good on you for those who've hung on to benefit from the recent uptrend.  Sticking to the sidelines for the foreseable future.
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