Core Points - Diamond Estates Wines & Spirits Inc. has announced the replacement of $4,654,000 in aggregate principal amount of 10.0% unsecured convertible debentures with new 2025 Replacement Debentures maturing on November 9, 2026 [1][2] - The new debentures have a conversion price set at $0.22, differing from the previous terms [2] - The Lassonde Group, consisting of Lassonde Holding and Lassonde Industries, exchanged their existing debentures for a total of $3,350,000 in principal amount of the new debentures, which is subject to a hold period [3] Company Overview - Diamond Estates 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, primarily in Ontario, producing VQA wines under various well-known brand names [4] - Through its commercial division, Trajectory Beverage Partners, the company represents a wide range of international beverage brands [5] Wine Portfolio - Trajectory represents renowned wine brands from various countries, including France, Argentina, Australia, New Zealand, Italy, Portugal, and California [6] Spirits Portfolio - The company also represents distinguished spirit brands from Ontario, Mexico, Scotland, Nova Scotia, the UK, and the USA [7] Beer, Cider, and RTD Portfolio - In the beer, cider, and ready-to-drink categories, Trajectory represents several brands from Ontario, Belgium, the Netherlands, and Germany [8] Insider Transactions - The issuance of the 2025 Replacement Debentures to insiders is considered a related party transaction and was approved by disinterested shareholders [3] - Prior to the issuance, the Lassonde Group held approximately 51.56% of the common shares of Diamond Estates [11] - Following the issuance, the Lassonde Group's holdings in terms of debentures have changed, but their overall ownership percentage remains significant [12][13]

Core Points - Diamond Estates Wines & Spirits Inc. has entered into a Seventh Amendment to its Second Amended and Restated Credit Agreement with Bank of Montreal, effective November 10, 2025 [1] - The company expresses gratitude to Bank of Montreal for its support during its financial turnaround, as indicated by its Fiscal 2024/25 year-end and Q1 results [2] - The company will release its Q2 results towards the end of November [2] Company Overview - Diamond Estates Wines & Spirits Inc. produces high-quality wines and ciders and acts as a sales agent for over 120 beverage alcohol brands across Canada [3] - The company operates four production facilities, three in Ontario and one in British Columbia, producing predominantly VQA wines under various well-known brand names [3] Product Portfolios - The wine portfolio includes renowned brands such as Fat Bastard, Gabriel Meffre, and Kaiken, among others from various countries [5] - The spirits portfolio features distinguished brands like Tag Vodka, Ginslinger Gin, and Barnburner Whisky, as well as international brands from Mexico, Scotland, and the UK [6] - The beer, cider, and ready-to-drink (RTD) portfolio includes products from Ontario and international brands from Belgium, the Netherlands, and Germany [7] Credit Facilities - A bulge amount credit facility of $3,600,000 has been established, maturing on the earlier of the cancellation request date or March 27, 2026 [9] - A limited recourse guarantee has been added, granted by Lassonde Industries Inc. in favor of BMO, not exceeding the outstanding Bulge Amount [9] - Interest rates have been amended to Prime Rate plus 2.65% during the Temporary Bulge Period and Prime Rate plus 2.40% at all other times [9]

Core Points - Diamond Estates Wines & Spirits Inc. is seeking shareholder approval for the issuance of new replacement debentures to preserve cash and liquidity for operations [2][3] - The Lassonde Group holds convertible debentures totaling $3.35 million and controls 52.28% of the company's common shares, which could increase to 66.10% after the conversion of all convertible securities [3][4] Company Information - Diamond Estates is a producer of high-quality wines and ciders and operates four production facilities in Canada, primarily in Ontario and British Columbia [6] - The company serves as a sales agent for over 120 beverage alcohol brands, including notable international and domestic brands [7][8] Shareholder Meeting Details - The upcoming annual general and special meeting is scheduled for October 30, 2025, and shareholders are encouraged to vote in advance due to potential Canada Post service disruptions [5] - Voting instructions must be submitted by October 28, 2025, to ensure timely processing [5]

Company Announcements - Diamond Estates Wines & Spirits Inc. has issued 248,683 deferred share units (DSUs) to non-executive directors at a deemed price of $0.19 per DSU, totaling $47,250 in deferred compensation [1] - The company has granted 600,000 share options to Basman Alias, the new Chief Financial Officer, at a strike price of $0.19 per share option, which are exercisable for five years and vest at 25% annually [2][3] Strategic Insights - The share option grants are indicative of the key role Basman Alias plays in executing Diamond Estates' strategic plan, emphasizing the alignment of management success with shareholder interests [3] Upcoming Events - The company encourages shareholders to vote in advance of the upcoming shareholder meeting on October 30, 2025, due to ongoing Canada Post service disruptions, with proxy votes required by October 28, 2025 [3] Company Overview - Diamond Estates is a producer of high-quality wines and ciders, operating four production facilities in Canada and representing over 120 beverage alcohol brands [4][5]