Diamond Estates

Lassonde Industries significantly boosted its stake in Diamond Estates by acquiring $1,304,000 in convertible debentures. This strategic move increases Lassonde’s total debenture holdings and maintains its substantial ownership of Diamond Estates shares at approximately 51.56% on a non-diluted basis, with potential to reach 63.07% upon conversion. The acquisition highlights Lassonde’s commitment to expanding its influence in the beverage alcohol sector.