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.

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Diamond Estates Wines & Spirit Inc > Hopefully Stephen T comments on Tuesday

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Comment by Possibleidiot01on Mar 29, 2022 3:35pm

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Post# 34556498

RE:RE:Hopefully Stephen T comments on Tuesday

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Wineries around the world damaged by weather Importing wines has cost more, given shortages and inflation for Andrew Peller, but DWS suffers a lot less. During Covid, they did suffer lower sales of course, but with the reopening, they will enjoy strong sales growth. DWS made two recent acquisitions in Ontario wine and Ontario cider. Lassonde of Quebec has bought 20% of this company; Lassonde expects to see higher margins in wine than their existing juices. When more retail channels open up in Ontario, he expects Lassonde to buy the rest of DWS, which would be a good move.

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$1.360