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

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Post by Possibleidiot01on Sep 24, 2024 5:52pm

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Post# 36239227

Stephen Takacsy - BNN - HOLD

HOLD

Been a long, rocky road. Still owns it, unfortunately. The owners are committed to making this a success. The balance sheet is good now, and they're making small acquisitions. Hold or buy it now. He expects the company to go private or be sold. Good margins, but the wine industry has been hit hard in recent years (Covid, rising costs).

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