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Diamond Estates Wines & Spirits Inc. (TSXV: DWS) has closed its acquisition of certain assets from the Perigon Beverage Group for a purchase price of $1.799 million. The acquisition includes Perigon’s agency and supplier contracts, intellectual property, and other intangible assets. The purchase price will be satisfied through the issuance of Diamond common shares in four tranches over an 18-month period:
1. Five million shares issued at $0.26 per share
2. Three additional installments of approximately $499,000 each, payable every six months
The subsequent tranches are subject to adjustments based on gross margin targets. Shares issued after closing will be priced at the greater of the 30-day average trading price or $0.21 per share. The initial shares issued are subject to a four-month statutory hold period.
Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ha completato l’acquisizione di alcuni beni dal Perigon Beverage Group per un prezzo d’acquisto di 1,799 milioni di dollari. L’acquisizione include i contratti di agenzia e fornitura di Perigon, la proprietà intellettuale e altri beni immateriali. Il prezzo d’acquisto sarà soddisfatto attraverso l’emissione di azioni ordinarie di Diamond in quattro tranche nell’arco di un periodo di 18 mesi:
1. Cinque milioni di azioni emesse a $0,26 per azione
2. Tre ulteriori rate di circa $499,000 ciascuna, pagabili ogni sei mesi
Le tranche successive sono soggette a modifiche basate sugli obiettivi di margine lordo. Le azioni emesse dopo la chiusura saranno valutate al valore maggiore tra il prezzo medio di mercato degli ultimi 30 giorni o $0,21 per azione. Le azioni iniziali emesse sono soggette a un periodo di blocco statutario di quattro mesi.
Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ha cerrado su adquisición de ciertos activos del Perigon Beverage Group por un precio de compra de 1.799 millones de dólares. La adquisición incluye los contratos de agencia y proveedor de Perigon, propiedad intelectual y otros activos intangibles. El precio de compra se satisfará a través de la emisión de acciones comunes de Diamond en cuatro tramos a lo largo de un período de 18 meses:
1. Cinco millones de acciones emitidas a $0.26 por acción
2. Tres pagos adicionales de aproximadamente $499,000 cada uno, pagaderos cada seis meses
Los tramos subsiguientes están sujetos a ajustes basados en los objetivos de margen bruto. Las acciones emitidas después del cierre tendrán un precio igual al mayor entre el precio promedio de cotización de 30 días o $0.21 por acción. Las acciones iniciales emitidas están sujetas a un período de retención legal de cuatro meses.
다이아몬드 에스테이트 와인 & 스피리츠 Inc. (TSXV: DWS)는 페리곤 음료 그룹의 특정 자산을 1,799만 달러에 구매하는 계약을 완료했다. 이번 인수에는 페리곤의 대리점 및 공급 계약, 지적 재산 및 기타 무형 자산이 포함된다. 구매 가격은 다이아몬드의 보통주를 네 번에 걸쳐 발행하는 방법으로 충족된다는 18개월 동안:
1. 주당 $0.26로 오백만 주 발행
2. 6개월마다 약 $499,000의 세 번의 추가 분할금
그 이후의 분할금은 총 마진 목표에 따라 조정될 수 있다. 폐쇄 후 발행되는 주식은 30일 평균 거래 가격과 $0.21 중 높은 가격으로 책정된다. 최초 발행된 주식은 4개월 법적 보유 기간의 적용을 받는다.
Diamond Estates Wines & Spirits Inc. (TSXV: DWS) a conclu son acquisition de certains actifs du Perigon Beverage Group pour un prix d’achat de 1,799 millions de dollars. L’acquisition comprend les contrats d’agence et de fournisseur de Perigon, la propriété intellectuelle et d’autres actifs incorporels. Le prix d’achat sera réglé par l’émission d’actions ordinaires de Diamond en quatre tranches sur une période de 18 mois :
1. Cinq millions d’actions émises à 0,26 $ par action
2. Trois paiements supplémentaires d’environ 499 000 $ chacun, payables tous les six mois
Les tranches subséquentes sont soumises à des ajustements en fonction des objectifs de marge brute. Les actions émises après la clôture seront évaluées au montant le plus élevé entre le prix de marché moyen des 30 jours ou 0,21 $ par action. Les actions initialement émises sont soumises à une période de blocage statutaire de quatre mois.
Diamond Estates Wines & Spirits Inc. (TSXV: DWS) hat die Übernahme bestimmter Vermögenswerte der Perigon Beverage Group zu einem Kaufpreis von 1,799 Millionen US-Dollar abgeschlossen. Die Übernahme umfasst Perigons Agentur- und Lieferverträge, geistiges Eigentum und andere immaterielle Vermögenswerte. Der Kaufpreis wird durch die Ausgabe von Diamond-Stammaktien in vier Tranchen über einen Zeitraum von 18 Monaten erfüllt:
1. Fünf Millionen Aktien zu $0,26 pro Aktie
2. Drei zusätzliche Raten von jeweils etwa $499,000, die alle sechs Monate zahlbar sind
Die nachfolgenden Tranchen unterliegen Anpassungen auf Basis von Bruttomargen-Zielen. Aktien, die nach dem Abschluss ausgegeben werden, werden zum höheren Preis des 30-Tage-Durchschnitts oder $0,21 pro Aktie bepreist. Die anfänglich ausgegebenen Aktien unterliegen einer viermonatigen gesetzlichen Haltedauer.
Positive
- Acquisition of valuable assets including contracts, IP, and customer lists
- Structured payment plan through share issuance, preserving cash
- Potential for synergies and market expansion
Negative
- Dilution of existing shareholders due to new share issuances
- Risk of not meeting gross margin targets, affecting future share issuances
- Integration challenges of acquired assets
Niagara-on-the-Lake, Ontario–(Newsfile Corp. – October 9, 2024) – Diamond Estates Wines & Spirits Inc. (TSXV: DWS) (“Diamond” or the “Company“) is pleased to announce that it has closed its previously announced acquisition of certain assets from the Perigon Beverage Group (“Perigon“). More specifically, Diamond has purchased the agency and supplier contracts, the intellectual property, and other intangible assets of Perigon and its agency business, such as its website, customer lists, business names and inventory.
The purchase price is $1.799 million based on Perigon’s latest financial results. The purchase price will be satisfied by the issuance of common shares of Diamond in four tranches as follows: five million common shares of Diamond have been issued to Perigon today at a deemed issuance price of $0.26 per share, and thereafter an additional amount of shares having a value of approximately $499,000 issuable in three (3) equal installments (each representing one third (33.3%) of the balance owing) payable every six (6) months over the eighteen (18) month period following closing, subject to certain adjustments based upon the achievement of gross margin targets. Shares issuable in the tranches after closing will have issuance prices equal to the greater of (i) the average trading price over the thirty (30) days prior to their respective issuance dates, and (ii) the minimum price permissible under the rules of the TSX Venture Exchange (the “TSXV“), being $0.21 per share.
The common shares issued today are subject to a statutory hold period of four months and a day from their date of issuance, in accordance with applicable securities legislation.
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 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 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, Calabria Family Estate Wines and McWilliams Wines from Australia, Saint Clair Family Estate Wines and Yealands Family Wines from New Zealand, Storywood and Cofradia Tequilas from Mexico, Maverick Distillery spirits (including Tag Vodka and Barnburner Whisky) from Ontario, Talamonti and Cielo wines from Italy, Catedral and Cabeca de Toiro wines from Portugal, 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 and Hounds Vodka from Canada, Bols Vodka from Amsterdam, Koyle Family Wines from Chile, Pearse Lyons whiskies and gins from Ireland and McCormick Distilling International including Tequila Rose Strawberry Cream, Five Farms Irish Cream Liqueur, Broker’s Gin, Hussong’s Tequila, Tarantula Tequila, 360 Vodka and Holliday Bourbon.
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 the Company and the matters discussed herein 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. 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; anticipated and unanticipated costs; and the anticipated performance of the Company. The estimate of the purchase price for the acquisition is a forward-looking statement, and is based on estimates of future margin and commission revenue. 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.
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 news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226222
FAQ
What assets did Diamond Estates Wines & Spirits (DWWEF) acquire from Perigon Beverage Group?
Diamond Estates acquired Perigon’s agency and supplier contracts, intellectual property, and other intangible assets including their website, customer lists, business names, and inventory.
How much did Diamond Estates Wines & Spirits (DWWEF) pay for the Perigon Beverage Group acquisition?
The purchase price for the Perigon Beverage Group assets is $1.799 million, based on Perigon’s latest financial results.
How is Diamond Estates Wines & Spirits (DWWEF) financing the Perigon Beverage Group acquisition?
The acquisition is being financed through the issuance of Diamond common shares in four tranches over an 18-month period, starting with 5 million shares at $0.26 per share, followed by three additional installments.
When did Diamond Estates Wines & Spirits (DWWEF) close the acquisition of Perigon Beverage Group?
Diamond Estates Wines & Spirits closed the acquisition of certain assets from Perigon Beverage Group on October 9, 2024.
