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Diamond Estates Wines & Spirits Announces the Closing of the Equity Wine Group and the Shiny Apple Cider Brand Acquisitions, and Private Placement

October 07, 2021

Diamond Estates Wines & Spirits Inc. announced the closing of its acquisition of all of the issued and outstanding securities of Equity Wine Group Inc., its acquisition of the Shiny Apple craft cider brand from Stonechurch Vineyard and Winery Holdings Inc., the issuance of $1,889,162 in equity upon the conversion of currently outstanding convertible debentures and accrued interest, and the issuance of $6,786,715 in equity through its previously announced private placement.