Diamond Estates Wines & Spirits Inc. reports developments across a Canadian beverage alcohol business that produces wines and ciders and acts as a sales agent for international beverage brands. The company operates production facilities in Ontario and British Columbia and sells VQA wine and cider brands including 20 Bees, Creekside, D'Ont Poke the Bear, EastDell, Lakeview Cellars, Shiny Apple Cider and Backyard Vineyards.
Recurring news covers quarterly financial results, working-capital advances, credit-agreement amendments, share and deferred share unit issuances, shareholder approvals and related-party matters involving Lassonde. Updates also describe Trajectory Beverage Partners, the commercial division representing wine, spirits, beer, cider and ready-to-drink brands across Canada, as well as governance and compliance oversight initiatives.
Diamond Estates Wines & Spirits (DWWEF) reported voting results from its annual general and special meeting held September 24, 2026.
All six director nominees were elected. Votes in favor ranged from 99.195% for Andrew Howard to 99.578% for Vince Timpano. Shareholders also approved the appointment of MNP as auditor, with 99.578% of votes in favor.
After the meeting, the board appointed Ron McEachern chairman, Andrew Howard president and chief executive officer, Basman Alias chief financial officer, and Andrew Green vice-president and secretary.
Diamond Estates Wines & Spirits (DWWEF) released a three-year strategic plan focused on accelerating profitable growth, strengthening brands, improving operational efficiency and enhancing long-term shareholder value.
The plan is organized around four pillars: Profitable Growth, targeting expansion across six sales channels including LCBO, grocery, convenience and big box, direct-to-consumer, export and on-premise; Brand Power, prioritizing investment in the highest-growth owned brands while expanding the Trajectory Beverage Partners agency portfolio; Operational Excellence, emphasizing disciplined capital allocation, procurement, infrastructure and cost management; and Culture & Execution, building a unified “One Diamond” model with aligned teams and clear accountability.
Execution is expected to proceed in three phases – Build, Scale and Optimize – building on prior improvements in margins, operations and debt reduction described by the company.
Diamond Estates Wines & Spirits (OTCQB: DWWEF) issued an aggregate 1,881,585 deferred share units (DSUs) to certain employees on August 31, 2026 under its bonus plan. The DSUs, with a deemed price of $0.15, settle $282,237.75 of bonuses and will be paid in common shares within 90 days after an employee leaves all positions with the company.
Diamond Estates Wines & Spirits (OTC: DWWEF) reported Q1 2027 revenue of $7.0 million, down from $8.2 million a year earlier, mainly due to temporary ordering interruptions at a major Canadian liquor board and a prior-year one-time load-in, plus a planned Agency supplier exit.
Gross margin rose to 61.1% of revenue (from 55.6%), though dollar gross margin slipped to $4.3 million from $4.5 million. EBITDA increased to $1.6 million, while Adjusted EBITDA fell to $0.9 million. Net income improved to $0.6 million, up from $0.4 million.
Subsequent events include repayment of a $1.0 million unsecured advance from Lassonde and receipt of a new $750,000 advance, a signed agreement to sell De Sousa Wines Toronto for $250,000, extension of the Bank of Montreal credit facility maturity to October 30, 2026, issuance of 935,767 shares for Perigon’s final instalment, and cancellation of 200,000 options.
Diamond Estates Wines & Spirits (TSXV: DWS, OTCPK: DWWEF) entered into a Ninth Amendment to its Second Amended and Restated Credit Agreement with Bank of Montreal, effective July 31, 2026. The amendment extends the SARCA maturity date to October 30, 2026, while interest rates remain unchanged from the prior amendment.
Diamond Estates Wines & Spirits (DWWEF) reported FY 2026 revenue of $29.9 million, up $5.4 million from FY 2025, led by a $5.9 million (+22%) sales increase in the Winery division, partly offset by a $0.5 million decline in the Agency division.
Gross margin rose to 60.1% from 52.7%, lifting gross margin dollars by $5.1 million to $18.0 million. Adjusted EBITDA increased to $3.8 million from $0.8 million, while EBITDA improved to $2.4 million. Net loss narrowed to $1.3 million from $2.5 million.
The company generated $5.5 million of cash from operating activities (versus a $1.1 million outflow) and reduced term loans by $4.6 million to $11.4 million. Q4 2026 revenue was $5.7 million, with margin and Adjusted EBITDA improving on a comparable basis, although Q4 EBITDA and net loss were impacted by non-recurring charges, including a $0.4 million impairment on assets held for sale.
Diamond Estates Wines & Spirits (OTC:DWWEF) issued deferred share units (DSUs) to non-executive directors as of June 30, 2026 under its DSU plan.
A total of 226,785 DSUs at a deemed price of $0.14 were granted, settling $31,750 of deferred directors' compensation, excluding nominees of Lassonde Industries.
Diamond Estates Wines & Spirits (OTC:DWWEF, TSXV:DWS) renewed its investor relations services agreement with Atrium Research, a Toronto-based sponsored research firm.
Atrium will provide equity research coverage, broad distribution, and two recorded management interviews for $6,000 per quarter over an initial 12-month term starting June 20, 2026, subject to TSXV approval.
Diamond Estates Wines & Spirits (DWWEF) entered an unsecured advance agreement with Lassonde for $1,000,000 on May 8, 2026. The Advance bears interest at prime + 2.25%, matures on June 30, 2026, is subordinated to secured debt, and is intended for working capital and grape purchases. The Advance is a related‑party transaction; the company relied on MI 61‑101 exemptions for valuation and minority approval.
Diamond Estates Wines & Spirits (DWWEF) entered an Eighth Amendment to its Second Amended and Restated Credit Agreement with Bank of Montreal effective March 31, 2026. Key changes: the limited recourse guarantee from Lassonde was removed after repayment of the Bulge Amount, and the facility maturity was extended to July 31, 2026.
The company said interest rates remain unchanged and plans to release audited year-end financials for March 31, 2026 in late June/early July. Diamond also issued 198,439 DSUs at a deemed $0.16 per DSU (aggregate $31,750) to non-executive directors, to be settled in common shares upon director retirement.