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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. The Company operates five production facilities, four in Ontario and one in British Columbia, which produce predominantly VQA wines under brand names, such as 20 Bees, Creekside, EastDell, Lakeview Cellars, Mindful, Queenston Mile, Shiny Apple Cider, Fresh, Proud Pour, Red Tractor, Seasons, Serenity, Persona and Backyard Vineyards. The company also markets Niagara wine to liquor boards, grocery stores and licensed establishments in Canada, Asia and Europe. In addition, the Company distributes a complementary portfolio of international wines and spirits through a subsidiary. Through its commercial division, Trajectory Beverage Partners, the Company 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
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  • holmianX
Comment by holmianon Sep 01, 2023 11:34am
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Post# 35616043

RE:New Press Release - Diamond Estates Wines & Spirits Reports Fiscal Q1 2024 Financial Results

RE:New Press Release - Diamond Estates Wines & Spirits Reports Fiscal Q1 2024 Financial Results"The Company has debt repayment requirements of $31.5 million over the next twelve months... These circumstances lend significant doubt as to the ability of the Company to continue as a going concern and, accordingly, the appropriateness ultimately of the use of accounting principles applicable to the going concern assumption."

PLUS

"On August 22, 2023 the Company received notification from its largest supplier of import wines that its contract will expire on October 1, 2023 and is not being renewed. As of March 31, 2023, this supplier represented $9.1 million in revenue and $3.1 million in gross margin."
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