Diamond Estates Wine & Spirits Stock Price, News & Analysis

Diamond Estates Wines & Spirits (OTC:DWWEF) issued deferred share units and share options and reminded shareholders to vote at its upcoming meeting.

The company granted 248,683 DSUs at a deemed price of $0.19 (settling $47,250 of deferred director compensation) and issued 600,000 share options to CFO Basman Alias at a $0.19 strike price, exercisable for five years with 25% annual vesting. Shareholders are urged to submit proxies early for the Oct 30, 2025 meeting; proxies must be received by Oct 28, 2025, 10:00 a.m. ET.

Diamond Estates Wines & Spirits (OTC:DWWEF; TSXV:DWS) announced the TSX Venture Exchange accepted reinstatement of trading in its common shares, effective at market open on or about October 21, 2025 or two business days after the bulletin.

The company also signed a sixth amendment to its Second Amended and Restated Credit Agreement with Bank of Montreal, securing waivers (including the fixed charge coverage ratio) to provide additional flexibility for its turnaround plan.

Other disclosures: 197,222 DSUs granted (Feb 12, 2024); conversion and settlement of $17,000 convertible debentures via 94,258 shares issued in March 2025; $190,560 of apple juice purchases from related party Golden Town Apple (Mar 31, 2024–Mar 31, 2025). Management plans to release Q2 results by end of November and holds a shareholder meeting on Oct 30, 2025.

Diamond Estates Wines & Spirits (TSXV: DWS) reported strong Q1 2026 financial results, marking its best quarter since Q3 2018. Revenue increased to $8.3 million, up from $6.2 million in Q1 2025, driven by a $2.9 million increase in Winery division sales.

The company achieved significant improvements in profitability with gross margin reaching 56.5% (up from 44.8%), EBITDA turning positive at $1.4 million (from -$1.1 million), and net income of $0.4 million (improved from -$2.0 million loss). Growth was attributed to retail expansion, D'Ont Poke the Bear brand integration, VQA rebate enhancements, and strong consumer interest in Canadian wines.

The company also announced the appointment of Basman Alias as CFO to support its ongoing turnaround strategy.

Diamond Estates Wines & Spirits (TSXV: DWS) has reported its financial results for FY 2025, showing significant improvements despite revenue challenges. Total revenue decreased to $24.5 million from $28.5 million in FY 2024, while gross margin improved to 52.7% from 40.7%.

The company achieved positive EBITDA of $1.1 million, a substantial improvement from negative $5.7 million in FY 2024. The Winery division saw increased sales of $2.3 million, while the Agency division experienced a $6.3 million decrease. The company also announced a CFO transition, with Basman Alias replacing Ryan Conte effective August 27, 2025.

Notable improvements were driven by restructuring actions, retail expansion benefits, government support through the VQA Wine program, and increased local consumer behavior. The company received $3.1 million from the VQA Wine Support program in June 2025.

Diamond Estates Wines & Spirits (TSXV: DWS) has announced a delay in filing its financial statements, MD&A, and executive certificates for the year ended March 31, 2025. The delay is attributed to additional audit procedures required by external auditors regarding certain transactions and estimates in the financial statements.

As a consequence, the company expects to be noted in default by Canadian securities regulators, leading to a 'failure-to-file' cease trade order (CTO). This order will prohibit trading of company securities across Canadian jurisdictions and result in a suspension of trading on the TSX Venture Exchange until the required filings are completed and the CTO is revoked.

Diamond Estates Wines & Spirits (TSXV: DWS) has announced the issuance of deferred share units (DSUs) to its non-executive directors. The company issued a total of 221,875 DSUs at a deemed price of $0.20 per DSU, settling $44,375.00 in deferred directors' compensation. These DSUs will be converted to common shares when the respective directors retire from all company positions.

Diamond Estates Wines & Spirits (TSXV: DWS) has announced the issuance of deferred share units (DSUs) to its non-executive directors. The company has issued 221,250 DSUs at a deemed price of $0.20 per unit, settling $44,250.00 of deferred directors' compensation. These DSUs will be converted into common shares of the company upon the respective directors' retirement from all positions within the organization.

Diamond Estates Wines & Spirits (TSXV: DWS) reported Q3 2025 financial results with revenue of $6.4 million, down from $7.3 million in Q3 2024. The Winery division saw a $1.3 million increase in sales, while the Agency division decreased by $2.2 million. Gross margin improved significantly to 57.5% from 26.3% year-over-year.

The company achieved positive EBITDA of $1.4 million, compared to negative $4.1 million in Q3 2024. Adjusted EBITDA turned positive at $0.6 million, up from negative $1.7 million. Net income reached $0.5 million, versus a $5.2 million loss in Q2 2024.

The improved performance was driven by the Ontario government's expansion of alcohol sales to convenience, grocery, and big-box stores, along with the VQA wine support program contributing $1.0 million. The company's D'Ont Poke the Bear brand showed strong performance in the wholesale channel.

Diamond Estates Wines & Spirits (TSXV: DWS) has announced the issuance of 221,875 deferred share units (DSUs) to its non-executive directors. The DSUs were issued at a deemed price of $0.20 per unit, settling a total of $44,375.00 in deferred directors' compensation. These DSUs will be converted into common shares of the company upon the respective directors' retirement from all company positions.