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Corby Spirit and Wine Ltd Class A(CSW-A-T)
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Ace Beverage Group to Acquire Nude Beverage Brand from MXM Beverages Ltd.

Newswire.ca - Sat Apr 20, 12:39PM CDT

Transaction positions Corby and ABG as one of the leaders in the RTD category in Canada

TORONTO, April 20, 2024 /CNW/ - Corby Spirit and Wine Limited ("Corby" or the "Company") (TSX: CSW.A) (TSX: CSW.B) today announced that its subsidiary, Ace Beverage Group Inc. ("Ace Beverage Group" or "ABG"), has signed a definitive agreement  to acquire the Nude ready-to-drink ("RTD") brand and certain assets of MXM Beverages Ltd. ("MXM") for $11 million, which will be funded using available financing from ABG's existing credit facility (the "Transaction"). 

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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