Diamond Estates Wines & Spirits Ltd.

Recent News

  • Diamond Estates Wines & Spirits Announces Closing of $1.83 Million Private Placement of 10.0% Unsecured Convertible Debentures

    Niagara-on-the-Lake, Ontario--(Newsfile Corp. - June 10, 2021) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company") is pleased to announce that it has completed a non-brokered private placement (the "Offering") of $1.83 million aggregate principal amount of 10.0 % unsecured convertible debentures of the Company (the "Debentures") with certain insiders of the Company, including Lassonde Industries Inc. ("Lassonde") and Oakwest Corporation Limited.The Debentures bear interest from the date of issue at 10.0% per annum, calculated...

    2021-06-10 3:57 PM EDT
  • Diamond Estates Wines & Spirits Announces New CFO

    Niagara-on-the-Lake, Ontario--(Newsfile Corp. - March 5, 2021) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company") is pleased to announce the appointment of Ryan Conte as Chief Financial Officer for Diamond Estates Wines & Spirits Inc. effective March 8, 2021 and subject to the TSX-V exchange approval. Ryan will be replacing Geoff Kritzinger, the Company's Interim CFO for the past 9 months who was able to step in and support the company last year....

    2021-03-05 5:00 PM EST
  • Diamond Estates Wines & Spirits Reports Q2 2021 Financial Results

    Niagara-on-the-Lake, Ontario--(Newsfile Corp. - November 26, 2020) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company")  today announced its financial results for the three and six-month periods ended September 30, 2020 ("Q2 2021" and "YTD 2021" respectively).Q2 2021 Summary:Revenue was $7.2 million, consistent with revenue of $7.2 million in the three months ended September 30, 2019 ("Q2 2020"). Winery division revenue was lower due to the negative impact of COVID-19, which resulted in reduced operations...

    2020-11-26 8:42 AM EST
  • Diamond Estates Wines & Spirits Announces Voting Results from Its Annual General and Special Meeting of Shareholders

    Niagara-on-the-Lake, Ontario--(Newsfile Corp. - October 29, 2020) -  Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company") announced the results of voting at its annual general and special meeting of shareholders held today in Toronto.The voting results for the election of directors were as follows:Director NomineesNumber of SharesPercentage of Votes Cast

    2020-10-29 7:01 PM EDT
  • Diamond Estates Wines & Spirits Adds $2.75M BCAP Loan

    Niagara-on-the-Lake, Ontario--(Newsfile Corp. - October 27, 2020) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company") is pleased to announce that it has partnered with its existing lender, Bank of Montreal ("BMO") to obtain a $2,750,000 Business Credit Availability Program loan (the "BCAP Loan") through the federal program offered by Export Development Corporation ("EDC"). The BCAP loan has an interest rate of 1.25% above prime, extends to July 1, 2022 to align with...

    2020-10-27 5:01 PM EDT
  • Diamond Estates Wines & Spirits Reports Q1 2021 Financial Results

    Niagara-on-the-Lake, Ontario--(Newsfile Corp. - August 31, 2020) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company") today announced its financial results for the three-month period ended June 30, 2020 ("Q1 2021").Q1 2021 Summary:Revenue was $5.9 million, a decline of 18.5% from $7.3 million in the three months ended June 30, 2019 ("Q1 2020"). The revenue decline was due primarily to the negative impact of COVID-19, which resulted in the closure of most private retail and...

    2020-08-31 11:47 AM EDT
  • Diamond Estates Wines & Spirits Reports Fiscal 2020 Financial Results

    Niagara-on-the-Lake, Ontario--(Newsfile Corp. - July 28, 2020) - Diamond Estates Wines & Spirits Inc. (TSXV:DWS) ("Diamond Estates" or "the Company") today announced its financial results for the three and 12-month periods ended March 31, 2020 ("Q4 2020" and "FY 2020" respectively).FY 2020 Summary:Revenue was $26.8 million, a decline of 4.7% from $28.1 million in the 12-month period ended March 31, 2019 ("FY 2019"). The decrease was primarily related to continued softness in winery export sales, partially offset by solid performance across...

    2020-07-28 9:43 AM EDT
  • Diamond Estates Wines and Spirits Announces Amendment to Credit Facilities with Bank of Montreal and Issuance of Bonus Warrants

    Niagara-on-the-Lake, Ontario--(Newsfile Corp. - July 27, 2020) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) (the "Company" or "Diamond Estates") (http://www.diamondestates.ca), today announced that, effective July 24, 2020, the Company has entered into an amendment (the "Amendment") to its credit facilities agreement (the "Facilities Agreement") with Bank of Montreal (the "Lender") made as of September 29, 2017, as amended.Under the Facilities Agreement, the Lender provides Diamond Estates and its subsidiaries with a total of up to $23 million,...

    2020-07-27 8:00 AM EDT