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 > Hope they spend the money wisely !!

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Comment by TheCount11on Nov 01, 2022 11:47am

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Post# 35063297

RE:Hope they spend the money wisely !!

$5.0 million of 10.0 % convertible debentures is an extra 500k per year in interest costs. Convert at 80 cents.

FY 2022 net loss was $2.5 million, compared to a net loss of $2.6 million in FY 2021.

Not sure piling more debt on a great idea

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