Diamond Estates Wines & Spirits Inc. Issues Q1 DSUs

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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.

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Niagara-on-the-Lake, Ontario--(Newsfile Corp. - July 2, 2026) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") announces that it has issued deferred share units ("DSUs") to its directors as of June 30, 2026. Pursuant to the Company's deferred share unit plan, an aggregate of 226,785 DSUs at a deemed price per DSU of $0.14 have been issued by the Company to non-executive directors, with the exception of directors Vince Timpano and Guy Blanchette (who have renounced their compensation as nominees of Lassonde Industries Inc.), in settlement of $31,750 of deferred directors' compensation. The DSUs are to be settled in common shares of the Company when the director retires from all positions with the Company.

About Diamond Estates Wines and Spirits Inc.

Diamond Estates is a producer of high-quality wines and ciders as well as a sales agent for over 120 beverage alcohol brands across Canada. The Company operates four facilities, three in Ontario and one in British Columbia, that produce predominantly VQA wines under such well-known brand names as 20 Bees, Creekside, D'Ont Poke the Bear, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, Fresh Wines, Red Tractor, Seasons, Serenity and Backyard Vineyards.

Through its commercial division, Trajectory Beverage Partners, the Company serves as the sales agent for a wide range of leading international beverage brands.

Wine Portfolio:

Trajectory represents renowned wine brands, including Fat Bastard and Gabriel Meffre from France; Kaiken from Argentina; Kings of Prohibition from Australia; Yealands, Kono, Tohu, and Joiy Sparkling Wine from New Zealand; Talamonti and Cielo from Italy; Bodegas Muriel from Rioja; Porta 6, Julia Florista, Boas Quintas, Catedral, and Cabeca de Toiro from Portugal; as well as C.K Mondavi & Family, Charles Krug, Line 39, Harken, FitVine, and Rabble from California. Trajectory also represents a broad portfolio of wines sold exclusively to restaurants, bars and private consumers.

Spirits Portfolio:

The Company also represents distinguished spirit brands such as Cofradia Tequila, Siempre Tequila, Chisme Tequila, Hussong's Tequila, and Chica Chida Agave Spirit from Mexico; Islay Mist and Waterproof blended Scotch whiskies from Scotland; Glen Breton Canadian whiskies from Nova Scotia; Five Farms Irish Cream Liqueur from the UK; Tequila Rose Strawberry Cream, 360 Vodka, and Holladay Bourbon from the USA; Giffard Liqueurs from France; and Becherovka from the Czech Republic.

Beer, Cider, and RTD Portfolio:

In the beer, cider, and ready-to-drink (RTD) categories, Trajectory represents Darling Mimosa, Protini Beverages from Ontario; Mountain Joe RTDs from Alberta; Warsteiner and Konig Ludwig from Germany.

For more information, please contact:

Andrew Howard President & CEO  ahoward@diamondwines.com

Basman Alias Chief Financial Officer balias@diamondwines.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303707

FAQ

What did Diamond Estates (DWWEF) announce about Q1 2026 deferred share units?

Diamond Estates issued 226,785 DSUs to non-executive directors as of June 30, 2026. According to Diamond Estates, these units were granted at a deemed price of $0.14 per DSU, settling $31,750 of deferred directors' compensation.

How many DSUs did Diamond Estates (DWWEF) grant to directors on June 30, 2026?

Diamond Estates granted 226,785 deferred share units to its non-executive directors as of June 30, 2026. According to Diamond Estates, the DSUs were issued at a deemed price of $0.14 per unit in settlement of $31,750 of deferred compensation.

At what price were Diamond Estates (DWWEF) DSUs valued in the July 2, 2026 announcement?

The DSUs were valued at a deemed price of $0.14 per unit. According to Diamond Estates, issuing 226,785 DSUs at this price settled $31,750 of deferred directors' compensation under the company’s deferred share unit plan.

Which Diamond Estates (DWWEF) directors did not receive DSUs in the June 30, 2026 grant?

Directors Vince Timpano and Guy Blanchette did not receive DSUs in this grant. According to Diamond Estates, they renounced their compensation as nominees of Lassonde Industries, so the issued DSUs applied only to other non-executive directors.

When will Diamond Estates (DWWEF) DSUs granted in Q1 2026 be settled?

The DSUs will be settled in common shares of Diamond Estates when a director retires from all positions with the company. According to Diamond Estates, settlement occurs only upon a director’s complete departure from the organization.

How much deferred compensation did Diamond Estates (DWWEF) settle through DSUs in Q1 2026?

Diamond Estates settled $31,750 of deferred directors' compensation through the issuance of DSUs. According to Diamond Estates, this amount corresponds to 226,785 DSUs issued at a deemed price of $0.14 per unit to non-executive directors.