Business
Lassonde Acquires a Convertible Debenture of Diamond Estates Wines & Spirits Inc.
Niagara-on-the-Lake, Ontario--(Newsfile Corp. - January 23, 2026) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates", or the "Company") announces today that Lassonde Industries Inc. ("Lassonde") acquired a 10.0% unsecured convertible debenture of Diamond Estates with a stated maturity date of November 9, 2026 in the principal amount of $1,304,000 from a third party for total consideration of $1,330,079.78, representing the principal amount plus accrued interest thereon,...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"Niagara-on-the-Lake, Ontario--(Newsfile Corp. - January 23, 2026) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates", or the "Company") announces today that Lassonde Industries Inc. ("Lassonde") acquired a 10.0% unsecured convertible debenture of Diamond Estates with a stated maturity date of November 9, 2026 in the principal amount of $1,304,000 from a third party for total consideration of $1,330,079.78, representing the principal amount plus accrued interest thereon, through a privately negotiated transaction entered into on January 19, 2026 (the "Acquisition"). The head office of Diamond Estates is located at 1067 Niagara Stone Road. Niagara-on-the-Lake, Ontario, L0S 1J0 and the common shares of Diamond Estates (the "Common Shares") are traded on the TSX Venture Exchange under the symbol "DWS".","length":902,"tagName":"p"},{"type":"text","content":"Prior to the Acquisition, Lassonde directly owned 32,846,506 common shares of Diamond Estates (the "Common Shares"), $500,000 in principal amount of 10.0% unsecured convertible debentures of Diamond Estates and 847,603 deferred share units, which may be settled, at the discretion of Diamond Estates for up to 847,603 Common Shares. Additionally, 3346625 Canada Inc., a corporation controlled by Mr. Pierre-Paul Lassonde and a joint actor of Lassonde ("Lassonde Holding" and together with Lassonde, the "Lassonde Group") directly owns 2,117,824 Common Shares and $2,850,000 in principal amount of 10.0% unsecured convertible debentures of Diamond Estates. As such, prior to the Acquisition, the Lassonde Group held 34,964,330 Common Shares, representing approximately 51.56% (on a non-diluted basis) of the issued and outstanding Common Shares, $3,350,000 in principal amount of 10.0% unsecured convertible debentures of Diamond Estates and 847,603 deferred share units.","length":1000,"tagName":"p"},{"type":"text","content":"Following the Acquisition, Lassonde directly owns 32,846,506 Common Shares, $1,804,000 in principal amount of 10.0% unsecured convertible debentures of Diamond Estates and 847,603 deferred share units. As such, the Lassonde Group now holds 34,964,330 Common Shares, representing approximately 51.56% (on a non-diluted basis) of the issued and outstanding ...