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Diamond Estates Wines & Spirits Announces Closing Of Previously Announced Debenture Financing For Gross Proceeds Of $4.884 Million, With Material Insider Participation

PRIVATENov 10, 2022

Round Type

Funding Round

OntarioFood And BeverageHospitality

Description

Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company") is pleased to announce the closing of its previously announced non-brokered private placement (the “Placement”) of 10.0 % unsecured convertible debentures of the Company (the “Debentures”) for gross proceeds of $4.884 million. The Company intends to use the net proceeds of the Placement for general working capital and investment purposes.

Quick answer

Diamond Estates Wines and Spirits raised an undisclosed amount in a Funding Round round, dated November 10, 2022. Diamond Estates Wines and Spirits is based in Ontario, Canada.

How much did Diamond Estates Wines and Spirits raise?
Diamond Estates Wines and Spirits raised an undisclosed amount in a Funding Round round on November 10, 2022.
What does Diamond Estates Wines and Spirits do?
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.
Where is Diamond Estates Wines and Spirits based and how big is it?
Diamond Estates Wines and Spirits is based in Ontario, Canada.

Source: Fundz verified event record.

Who else raised in Food And Beverage and Hospitality around the same time

Companies in the same sectors as Diamond Estates Wines and Spirits that raised within 45 days of this round, from Fundz verified event records.

  • SPoT Coffee raised $83K (Pre-Seed) on December 22, 2022.
  • Suplyd raised $1.6M (Seed) on December 15, 2022.
  • poppi raised $25M (Funding Round) on December 13, 2022.
  • Dunkin raised an undisclosed amount (Funding Round) on December 7, 2022.
  • Prime Roots raised $29M on December 6, 2022.
  • New Culture Inc. raised an undisclosed amount (Funding Round) on November 3, 2022.

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Company Information

Company

Diamond Estates Wines and Spirits

Location

Ontario, Canada

About

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 five production facilities, four in Ontario and one in British Columbia, that produce predominantly VQA wines under such well-known brand names as 20 Bees, Creekside, EastDell, Lakeview Cellars, Mindful, Queenston Mile, Shiny Apple Cider, Fresh, Proud Pour, Red Tractor, Seasons, Serenity, Persona and Backyard Vineyards. Through its commercial division, Trajectory Beverage Partners, the Company is the sales agent for many leading international brands in all regions of the country as well as being a distributor in the western provinces. These recognizable brands include Josh wines from California, Fat Bastard, Meffre, Pierre Chavin and Andre Lurton wines from France, Brimincourt Champagne from France, Merlet and Larsen Cognacs from France, Kaiken wines from Argentina, Blue Nun and Erben wines from Germany, Felix Solis wines from Spain, Calabria Family Estate Wines from Australia, Saint Clair Family Estate Wines from New Zealand, Redemption Bourbon and Rye whiskies from the U.S., Gray Whale Gin from California, Storywood and Cofradia Tequilas from Mexico, Magnum Cream Liqueur from Scotland, Talamonti and Cielo wines from Italy, Catedral and Cabeca de Toiro wines from Portugal, Waterloo Beer & Radlers from Canada, Landshark Lager from the USA, Edinburgh Gin, Tamdhu, Glengoyne and Smokehead single- malt Scotch whiskies from Scotland, Islay Mist, Grand MacNish and Waterproof whiskies from Scotland, C. Mondavi & Family wines including C.K Mondavi & Charles Krug from Napa, Wize Spirits and Hounds Vodka from Canada, Bols Vodka from Amsterdam, Koyle Family Wines from Chile and Pearse Lyons whiskies and gins from Ireland.

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