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Diamond Estates Resumes Trading and Secures Credit Flexibility

Story Highlights
  • Diamond Estates’ shares will resume trading on the TSX Venture Exchange after resolving financial filing delays.
  • The company amended its credit agreement with BMO, gaining flexibility for its turnaround strategy.
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Diamond Estates Resumes Trading and Secures Credit Flexibility

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Diamond Estates Wines & Spirits ( (TSE:DWS) ) just unveiled an announcement.

Diamond Estates Wines & Spirits Inc. announced the reinstatement of trading on the TSX Venture Exchange following a suspension due to delayed financial filings, which have since been completed. The company also amended its credit agreement with BMO, receiving waivers for certain defaults, which provides additional flexibility for its turnaround plan. Furthermore, the company clarified related party transactions involving apple juice purchases and announced a shareholder meeting amid postal disruptions.

More about Diamond Estates Wines & Spirits

Diamond Estates Wines and Spirits Inc. is a producer of high-quality wines and ciders and acts as a sales agent for over 120 beverage alcohol brands across Canada. The company operates four production facilities, predominantly producing VQA wines under various well-known brand names.

Average Trading Volume: 50,088

Technical Sentiment Signal: Sell

Current Market Cap: C$10.85M

For detailed information about DWS stock, go to TipRanks’ Stock Analysis page.

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