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Diamond Estates Wines & Spirits ( (TSE:DWS) ) has shared an update.
Diamond Estates Wines & Spirits Inc. announced that its shareholders have overwhelmingly approved and ratified a key license agreement dated May 10, 2024 between its wholly owned subsidiary and 3346625 Canada Inc., the holding company of major industry investor Pierre-Paul Lassonde. The resolution passed with 97.77% support from disinterested shareholders at a special meeting, clearing an important governance hurdle and formalizing a strategic licensing arrangement with the Lassonde Group that could strengthen Diamond Estates’ brand portfolio and commercial relationships in the competitive Canadian beverage alcohol market.
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 producer of high-quality wines and ciders and a national sales agent for more than 120 beverage alcohol brands. Operating four production facilities in Ontario and British Columbia, the company focuses on predominantly VQA wines sold under labels such as 20 Bees, Creekside, D’Ont Poke the Bear, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, and others. Through its Trajectory Beverage Partners division, Diamond Estates represents a broad portfolio of international wine, spirits, beer, cider and ready-to-drink brands for the Canadian market, serving retail, on-premise, and private consumers.
Average Trading Volume: 70,779
Technical Sentiment Signal: Sell
Current Market Cap: C$11.66M
See more data about DWS stock on TipRanks’ Stock Analysis page.