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Andrew Peller Ltd T.ADW.A

Alternate Symbol(s):  ADWPF | T.ADW.B

Consumer Defensive Beverages - Wineries & Distilleries
Andrew Peller Limited is a producer and marketer of wines and craft beverage alcohol products in Canada. With wineries in British Columbia, Ontario and Nova Scotia, the Company markets wines produced from grapes grown in Ontario’s Niagara Peninsula, British Columbia’s Okanagan and Similkameen Valleys, and from vineyards around the world. Its premium and ultra-premium Vintners’ Quality Alliance brands include Peller Estates, Trius, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Black Hills Estate Winery, Tinhorn Creek Vineyards, Gray Monk Estate Winery, Raven Conspiracy and Conviction. It imports wines from various wine regions around the world to blend with domestic wine to craft these products. It also produces craft beverage alcohol products, including No Boats on Sunday ciders and seltzers, and various spirits and cream whisky products under the Wayne Gretzky No. 99 brand. It produces and markets premium personal winemaking products through its subsidiary, Global Vintners Inc.


TSX:ADW.A - Post by User

Andrew Peller Ltd
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Post by TheCount11on Aug 09, 2023 11:13am
166 Views
Post# 35579553

Government Support

Government SupportQ1 Missed my profit expectations.  

100.5 M actual vs 103M forecast revenues.  Difference mainly due to Excise Tax.  Any news on Canadian Government giving a tax subsidy?

Gross Margins would have been terrible without Wine sector support program (4,650).  Is government going to renew program?

All levels of government need to support our wineries or we will lose them.  Its as simple as that. 
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