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BRIEF-Diamond Estates Wines & Spirits Says Entered Strategic Relationship With Lassonde Industries

Published 2019-07-29, 08:07 a/m
Updated 2019-07-29, 08:10 a/m
© Reuters.  BRIEF-Diamond Estates Wines & Spirits Says Entered Strategic Relationship With Lassonde Industries

© Reuters. BRIEF-Diamond Estates Wines & Spirits Says Entered Strategic Relationship With Lassonde Industries

July 29 (Reuters) - Diamond Estates Wines & Spirit Inc DWS.V :

* DIAMOND ESTATES WINES & SPIRITS REPORTS FISCAL 2019 FINANCIAL RESULTS AND ANNOUNCES STRATEGIC RELATIONSHIP WITH LASSONDE INDUSTRIES

* DIAMOND ESTATES WINES & SPIRIT INC - ENTERED INTO STRATEGIC RELATIONSHIP WITH LASSONDE INDUSTRIES

* DIAMOND ESTATES WINES & SPIRIT - AS PART OF STRATEGIC RELATIONSHIP, LASSONDE PURCHASED 36.9 MILLION CO'S COMMON SHARES AT $0.19 PER COMMON SHARE

* DIAMOND ESTATES WINES & SPIRIT - AS RESULT OF PRIVATE PLACEMENT, LASSONDE BECAME INSIDER OF CO, HOLDING 19.9% OF COMMON SHARES OF CO

* DIAMOND ESTATES - LASSONDE, CO ENTERED INVESTOR RIGHTS AGREEMENT PROVIDING FOR LASSONDE'S RIGHT TO NOMINATE 2 OF 7 DIRECTORS TO BOARD TO BE RECONSTITUTED

* DIAMOND ESTATES WINES & SPIRIT - Q4 2019 REVENUE WAS $4.5 MILLION COMPARED WITH $5.4 MILLION IN THREE-MONTH PERIOD ENDED MARCH 31, 2018

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