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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. 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

Diamond Estates Wines & Spirit Inc > Quarterly results - Not good, again.
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Comment by Joe455on Dec 03, 2021 2:08pm
120 Views
Post# 34195967

RE:RE:Quarterly results - Not good, again.

RE:RE:Quarterly results - Not good, again.
dogatcat wrote:

There is still value here oterwise Lassonde would be gone.  DWS will eventually become the grocery wine selling arm of Lassonde. Right now there are only approximately 450 stores selling beer/cider/wine.  The number of actual wine selling grocery locations is still tiny in Ontario - maybe 150 locations.  All of the grocers want wine offerings but the LCBOs are scared crapless of this expansion and I am sure the unionized workers losing their jobs is playing into this molasses moving initative.  Nevertheless, this expansion into the grocers will  continue.  DWS has preferential shelf locations in all of these rollouts being a VQA Ontario wine producer.   And their lower priced wine offerings pair well with suburban located grocers and small towns.  

The results are crappy but there is still good value here even if it is not shown on the books quite yet. 

 


Any idea on how much cash is left from the small financing?  The last balance sheet showed zero cash.
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