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Diamond Estates Wines & Spirits ( (TSE:DWS) ) has issued an update.
Lassonde Industries has increased its financial exposure to Diamond Estates Wines & Spirits by acquiring a 10% unsecured convertible debenture with a principal amount of $1.304 million through a privately negotiated transaction, bringing the Lassonde Group’s total holdings to $4.654 million in principal amount of convertible debentures while maintaining a controlling stake of about 51.56% of Diamond Estates’ outstanding common shares on a non-diluted basis. If all debentures held by Lassonde Industries and its affiliated entity Lassonde Holding were converted, the Lassonde Group’s ownership would rise to roughly 63.07% of Diamond Estates’ common shares, underscoring Lassonde’s role as a key strategic investor and potentially strengthening Diamond Estates’ financial flexibility and support for its strategic plan.
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 acts as a sales agent for more than 120 beverage alcohol brands across Canada. The company operates four production facilities—three in Ontario and one in British Columbia—focused predominantly on VQA wines, serving both domestic production and agency distribution roles in the beverage alcohol market.
Average Trading Volume: 84,933
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$11.32M
For detailed information about DWS stock, go to TipRanks’ Stock Analysis page.