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Groupe Prime Drink Initiates Strategic Restructuring of Bottling Operations

Story Highlights
  • Groupe Prime Drink Corp. is restructuring its bottling subsidiary for long-term viability.
  • The restructuring aims to cut costs, improve cash flow, and appoints Garry Turpin as executive president.
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Groupe Prime Drink Initiates Strategic Restructuring of Bottling Operations

The latest announcement is out from Dominion Water Reserves ( (TSE:PRME) ).

Groupe Prime Drink Corp. announced a strategic restructuring of its subsidiary, Triani Canada Inc., to improve the long-term viability and profitability of its bottling operations. This initiative aims to reduce operating costs, enhance cash flow positivity, and ensure sustainable growth, with Garry Turpin appointed as the executive president of Embouteillage Prime to lead this transformation.

More about Dominion Water Reserves

Groupe Prime Drink Corp. (CSE: PRME) is a Quebec-based company aiming to become a leading diversified portfolio company in the beverage, influencer media, and hospitality sectors.

YTD Price Performance: 2.14%

Average Trading Volume: 26,937

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $51.14M

See more insights into PRME stock on TipRanks’ Stock Analysis page.

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