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Diamond Estates Wines And Spirits Sketches Three-Year Growth Priorities

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Diamond Estates Wines & Spirits (DWS.V) overnight Thursday released a three-year plan that outlined its growth priorities going forward.

Apart from driving revenue across the company's principal sales channels, including the Liquor Control Board of Ontario and grocery channels, Diamond Estates will focus investment behind its highest-growth owned brands. It will also develop an operating model where teams are aligned, the producer of wines and ciders said.

"Over the past three years, we have done a tremendous amount of work to strengthen Diamond Estates and establish a solid foundation for the future. We have improved our margins, strengthened our operations, reduced our debt and built a platform that is ready to scale. Our new three-year strategic plan is about taking that foundation and turning it into sustainable, profitable growth," said Diamond Estates Chief Executive Officer Andrew Howard.

Diamond Estates shares last traded on Sept. 16, closing at CA$0.14 on the TSX Venture Exchange.

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