Andrew Peller Limited Comments on Positive Wine Industry Growth Report
19 Luglio 2023 - 7:59PM
Andrew Peller Limited (ADW.A / ADW.B) (“the Company”) supports the
findings of a new Deloitte study identifying Ontario’s wine
industry as a key driver of economic growth and job creation for
the Niagara Region.
Ontario Craft Wineries, Tourism Partnership of
Niagara and Wine Growers Ontario commissioned the report with
Deloitte that reveals the Ontario wine sector is well positioned to
drive sustainable economic growth for the region, the province, and
the country. The Ontario wine industry plays a leading role,
acting as an accelerator for economic growth and job creation. In
2019, it is estimated the Ontario wine sector contributed
just over $1.0 billion to Canada's GDP, with
the Niagara region responsible for 90% of the grape production.
Through implementing best practices and policies, similar to those
in leading global tourism economies and premium wine industries,
the Niagara region has the potential to drive at least $8
billion in additional real GDP over the next 25-years.
“For over 50 years, Andrew Peller Limited has been a proud
employer and producer of quality wines in the Niagara region and is
committed to supporting its long-term sustainable growth,”
commented John Peller, the Company’s President and Chief Executive
Officer. “We are excited to partner with all levels of government
and other industry partners to realize the economic potential of
the Niagara Region and all of Ontario.”
The full report can be found at www.uncorkontario.ca.
About Andrew Peller
Limited Andrew
Peller Limited is one of Canada’s leading producers and marketers
of quality wines and craft beverage alcohol products. The Company’s
award-winning premium and ultra-premium Vintners’ Quality Alliance
brands include Peller Estates, Trius, Thirty Bench, Wayne Gretzky,
Sandhill, Red Rooster, Black Hills Estate Winery, Tinhorn Creek
Vineyards, Gray Monk Estate Winery, Raven Conspiracy, and
Conviction. Complementing these premium brands are a number of
popularly priced varietal offerings, wine-based liqueurs, craft
ciders, beer and craft spirits. The Company owns and operates 101
well-positioned independent retail locations in Ontario under The
Wine Shop, Wine Country Vintners, and Wine Country Merchants store
names. The Company also operates Andrew Peller Import Agency and
The Small Winemaker’s Collection Inc., importers and marketing
agents of premium wines from around the world. With a focus on
serving the needs of all wine consumers, the Company produces and
markets premium personal winemaking products through its wholly
owned subsidiary, Global Vintners Inc., the recognized leader in
personal winemaking products. More information about the Company
can be found at www.ir.andrewpeller.com.
Andrew Peller Limited common shares trade on the
Toronto Stock Exchange (symbols ADW.A and ADW.B).
For more information, please
contact: Mr. Paul
Dubkowski, CFO and Executive Vice-President, IT(905) 643-4131
Source: Andrew Peller Limited
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