Off-market insider buying at Diamond Estates Wines & S (DWS)

Off-market insider buying at Diamond Estates Wines & S (V:DWS)

Lassonde Industries Inc., a 10% Holder, acquired 20,000,000 Common Shares on a direct ownership basis at a price of $0.450 through a private transaction on November 14th, 2023. This represents a $9,000,000 investment into the company's shares and an account share holdings change of greater than 100%.

Diamond Estates Wines & S is in the Distillers & Wineries Sub Industry Group under the Consumer Non-Cyclicals Sector.

Diamond Estates Wines & Spirits Inc. is a Canada-based producer of wines and ciders, as well as a sales agent for over 120 beverage alcohol brands across Canada. The Company operates five production facilities, four in Ontario and one in British Columbia, which produce predominantly VQA wines under brand names, such as 20 Bees, Creekside, EastDell, Lakeview Cellars, Mindful, Queenston Mile, Shiny Apple Cider, Fresh, Proud Pour, Red Tractor, Seasons, Serenity, Persona and Backyard Vineyards. The Company also markets Niagara wine to liquor boards, grocery stores and licensed establishments in Canada, Asia and Europe. In addition, the Company distributes a complementary portfolio of international wines and spirits through a subsidiary. Through its commercial division, Trajectory Beverage Partners, the Company is the sales agent for many international brands in all regions of the country, as well as being a distributor in the western provinces. Diamond Estates Wines & Spirits Inc. (DWS) has below median officer and director direct ownership compared to its micro-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $9,000,000.