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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 screamer99on Aug 30, 2022 2:55pm
228 Views
Post# 34930311

Timberrrrrrrrr!!!!

Timberrrrrrrrr!!!!Dogatcat, where have you been? You had some choice words a while ago but now investors will see what I've been commenting on all along.

Q1 results released yesterday. Another significant loss quarter. Debt continues to rise and the interest rates aren't working in the company's favour.

Adjusted EBITDA is negative in five of the last six quarters - this hole is too big to climb out of. How can you repay principal and pay interest if you don't have opearting earnings?

Zero equity value. There will be a restructuring. Don't know when, but there will be. Covenant breaches currently so their lifelines are limited.

Don't think the wider audience has absorbed the results (trading volume is so low anyway), but just you wait and we'll be significantly lower in the coming months and quarters, IMO, but do your own DD.
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