Diamond Estates Wines & Spirits (TSE:DWS) has released an update.
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Diamond Estates Wines & Spirits Inc. is expanding its market presence through the strategic acquisition of Perigon Beverage Group, enhancing its retail capabilities and portfolio in the Ontario beverage alcohol industry. The purchase, estimated at $1.755 million, will be paid for in common shares of Diamond, with completion anticipated in October following necessary approvals. This move is expected to bolster the company’s position in a rapidly evolving market, offering a diverse range of products for various sales channels.
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