Diamond Estates Wines & Spirits Inc. Announces Shareholder Approval of License Agreement

Core Viewpoint - Diamond Estates Wines & Spirits Inc. has received shareholder approval for a license agreement with Lassonde Holdings, indicating strong support for the company's strategic partnerships and future growth opportunities [1][2]. Company Overview - Diamond Estates Wines & Spirits Inc. is a producer of high-quality wines and ciders and serves as a sales agent for over 120 beverage alcohol brands across Canada [4]. - The company operates four production facilities, three located in Ontario and one in British Columbia, focusing on VQA wines under various well-known brand names [4]. License Agreement Details - The license agreement, dated May 10, 2024, was ratified by 97.77% of the votes cast by disinterested shareholders at a special meeting [2]. - The License Resolution required a majority vote from disinterested shareholders, excluding votes from the Lassonde Group [2]. Product Portfolio - The company’s wine portfolio includes renowned brands from various countries, such as Fat Bastard and Gabriel Meffre from France, Kaiken from Argentina, and Kings of Prohibition from Australia [6]. - The spirits portfolio features distinguished brands like Cofradia Tequila and Glen Breton Canadian whiskies, showcasing a diverse range of international offerings [7]. - In the beer, cider, and ready-to-drink categories, the company represents products such as Darling Mimosas from Ontario and Rodenbach beer from Belgium [8].