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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 habsfanon Jul 11, 2023 10:21am
77 Views
Post# 35535288

RE:$750,000 loan for "general working capital"

RE:$750,000 loan for "general working capital"

I do not expect any "hard" positive news when Q & YE results released.  Raising $750,000 for general working capital does not leave me with a good feeling of improving results going forward

Same old story each quarter; ongoing complaints ending with a comment about seeing positive signs of better results going forward. A reoccurring theme within each quarter results. 

The next complaint in my mind will be; although they are performing better (in their view & thanks to the short term $750K) now wine sales are slowing due to economic factors and changing consumer choices away from wine consumption especially in younger consumers.

Let's see in a week or two when results released. Once again I hope to be wrong but just can't see the bright light right now.  Cheers 

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