Ace Beverage Group to Acquire Nude Beverage Brand from MXM Beverages Ltd.

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.TO) (TSX:CSW-B.TO) 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").