Diamond Estates Wines & Spirits Inc. to Hold a Special Meeting of Shareholders on December 22, 2025

Rhea-AI Summary

Diamond Estates Wines & Spirits (DWWEF) will hold a Special Meeting of Shareholders on December 22, 2025 at 9:00 AM EST.

Agenda items include approval and ratification of a May 10, 2024 license agreement between Diamond Estates' wholly owned subsidiary Diamond Ltd. and 3346625 Canada Inc. (Lassonde Holdings), covering royalty rates

Meeting materials, including the Notice of Meeting and Management Information Circular, will be filed on the company website and SEDAR+ by November 28, 2025 and provided to shareholders.

11/14/2025 - 07:10 PM

Niagara-on-the-Lake, Ontario--(Newsfile Corp. - November 14, 2025) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") wishes to announce that it will hold a Special Meeting of its Shareholders (the Meeting") on December 22, 2025 at 9:00 AM (EST).

Matters to be considered at the Meeting will include the approval and ratification of the license agreement of May 10, 2024 between Diamond Estates Wines & Spirits Ltd. ("Diamond Ltd.", a 100% owned subsidiary of the Company) and 3346625 Canada Inc. ("Lassonde Holdings"), the holding company of Mr. Pierre-Paul Lassonde, a control shareholder of Lassonde Industries Inc. ("Lassonde"), two related parties of the Company (the "License Agreement") as it relates to, among other things, royalty rates paid by Diamond Ltd. to Lassonde Holdings based on sales of D'Ont Poke the Bear ("DPTB") brands, and also options given by Lassonde Holdings to Diamond Ltd. to acquire the DPTB trademarks at certain times. The License Agreement was previously announced by the Company in a news release dated May 13, 2024.

Further information about the Meeting and the matters to be considered will be included in the Management Information Circular (the "Circular") being provided in connection with the Meeting. The Notice of Meeting, Circular, and related proxy materials will be filed on the Company's website and on the Company's SEDAR+ profile at www.sedarplus.ca by November 28, 2025, and provided to shareholders.

About Diamond Estates Wines and Spirits Inc.

Diamond Estates Wines and Spirits Inc. 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 production 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; 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 Tag Vodka, Ginslinger Gin, and Barnburner Whisky from Ontario; Cofradia Tequila and Hussong's Tequila from Mexico; Islay Mist and Waterproof blended Scotch whiskies from Scotland; Glen Breton Canadian whiskies from Nova Scotia; Five Farms Irish Cream Liqueur and Broker's Gin 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 Bench Beer, Henderson Beer, Niagara Craft Cider, TAG and Ginslinger RTDs, and Darling Mimosas from Ontario; Rodenbach beer from Belgium; La Trappe beer from the Netherlands; and Warsteiner beer from Germany.

For more information, please contact:

Andrew Howard	Basman Alias
President & CEO	Chief Financial Officer
ahoward@diamondwines.com	balias@diamondwines.com
Contact number: 905-685-5673

 
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.

Forward Looking Statements

This press release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Diamond Estates Wines and Spirits Inc. to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Such forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to: the economy generally; consumer interest in the services and products of the Company; financing; competition; and anticipated and unanticipated costs. While the Company acknowledges that subsequent events and developments may cause its views to change, the Company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the views of the Company as of any date subsequent to the date of this press release. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274678

FAQ

When will Diamond Estates (DWWEF) hold its Special Meeting of Shareholders?

The Special Meeting is scheduled for December 22, 2025 at 9:00 AM EST.

What main matter will DWWEF shareholders vote on at the December 22, 2025 meeting?

Shareholders will consider approval and ratification of the May 10, 2024 license agreement between Diamond Ltd. and Lassonde Holdings covering DPTB royalties and trademark options.

What is the relationship between Lassonde Holdings and Diamond Estates in the DWWEF meeting item?

Lassonde Holdings is the counterparty to the license agreement and is identified as a related party to Diamond Estates in the announcement.

When will Diamond Estates file the Notice of Meeting and Circular for DWWEF shareholders?

The Notice of Meeting, Circular, and proxy materials will be filed on the company website and SEDAR+ by November 28, 2025.

What rights are included in the license agreement at issue for DWWEF shareholders?

The agreement covers royalty rates payable to Lassonde Holdings on DPTB brand sales and options for Diamond Ltd. to acquire the DPTB trademarks at certain times.