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Diamond Estates Wines & Spirits ( (TSE:DWS) ) has shared an announcement.
Diamond Estates Wines & Spirits announced the replacement of $4,654,000 in unsecured convertible debentures with new debentures maturing in 2026. This move involves insiders Lassonde Holding and Lassonde Industries, and the issuance is considered a related party transaction, exempt from formal valuation requirements but approved by shareholders. The replacement aims to extend the maturity date and adjust the conversion price, potentially impacting the company’s financial strategy and stakeholder interests.
The most recent analyst rating on (TSE:DWS) stock is a Buy with a C$0.30 price target. To see the full list of analyst forecasts on Diamond Estates Wines & Spirits stock, see the TSE:DWS Stock Forecast page.
More about Diamond Estates Wines & Spirits
Diamond Estates Wines & Spirits Inc. is a Canadian company that produces high-quality wines and ciders and acts as a sales agent for over 120 beverage alcohol brands across Canada. It operates four production facilities in Ontario and British Columbia, producing VQA wines under various brand names. Through its commercial division, Trajectory Beverage Partners, the company represents a wide range of international wine, spirits, beer, cider, and ready-to-drink brands.
Average Trading Volume: 61,920
Technical Sentiment Signal: Sell
Current Market Cap: C$11.99M
Find detailed analytics on DWS stock on TipRanks’ Stock Analysis page.