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DTEA - Davidstea Inc
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DavidsTea is a Canadian specialty tea and tea accessory retailer based in Montreal, Quebec. It is the largest Canadian-based specialty tea boutique in the country. Following the company's initial public offering, common stock began trading on the NASDAQ Global Market on June 5, 2015. The company had 240 locations but by July 2020 required financial reorganization, which involved permanently closing all 42 U.S. stores, 166 stores in Canada, and focusing on its e-commerce and wholesale business.
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    11/29/2022DTEA
    DAVIDsTEA Donates 1 Million Cups of Tea

    DTPR image 1 - 1milcups EN Customers can help DAVIDsTEA meet their next goal of 2 million cups donated—every transaction equals one cup of tea donated! DTPR image 2 - impactprojects Global impact projects from DAVIDsTEA include those in Nepal (left), South Africa (middle), and China (right). In addition to supporting local communities through tea, DAVIDsTEA invites customers to shop with purpose this Giving Week with every transaction supporting the brand’s Impact Fund MONTREAL, Nov. 29, 2022 (G

    11/17/2022DTEA
    DAVIDsTEA Recognized as a Great Place to Work® for Second Year

    From a competitive wellness program to inclusive family support and beyond, DAVIDsTEA puts employees first GPTW DavidsTea DAVIDsTEA officially certified as a Great Place to Work® for the second year MONTRÉAL, Nov. 17, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, is pleased to announce that after a thorough and independent analysis, the Company has, for the second year, been recognized as a Great Place to Work® by G

    10/13/2022DTEA
    DAVIDsTEA Accelerates Wholesale Expansion

    Introducing new fully compostable, individually wrapped tea sachets and growing footprint within store-in-store retail conceptMONTREAL, Oct. 13, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today an accelerated wholesale strategy, highlighted by an increased footprint within its store-in-store concept and the introduction of a new fully compostable, individually wrapped tea sachet format. Since entering

    09/13/2022DTEA
    DAVIDsTEA Reports Financial Results for the Second Quarter of Fiscal 2022

    Sales totaled $15.2 millionNet loss of $4.8 millionAdjusted EBITDA amounted to a loss of $2.1 millionCash position of $19.0 million and new, unused $15.0 million revolving credit facility MONTREAL, Sept. 13, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its second quarter results for the period ended July 30, 2022. “DAVIDsTEA continues to experience volatility in its channels. Our wholesale business

    08/31/2022DTEA
    DAVIDsTEA Signs Credit Agreement with the Bank of Nova Scotia

    MONTREAL, Aug. 31, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today that it has entered into an agreement with the Bank of Nova Scotia for a revolving line of credit in an amount of CAD $15 million. “We are very pleased to enter into this agreement with the Bank of Nova Scotia as it provides DAVIDsTEA with the financial flexibility to accelerate its omnichannel growth strategy,” said Frank Zitella, Pre

    07/19/2022DTEA
    Opening of C.A.M.P. by DAVIDsTEA x Ethical Tea Partnership: A Sustainable Tea Community Project

    Canadian brand helps provide safe education spaces for children in tea-growing region PR_CAMPxETP C.A.M.P. by DAVIDsTEA x Ethical Tea Partnership, a sustainable tea community project, officially launched July 11 following an opening ceremony on June 25. MONTRÉAL, July 19, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA), a leading tea merchant in North America, is pleased to confirm their commitment to a more sustainable and ethical tea industry with the official opening of their new summer

    06/23/2022DTEA
    DAVIDsTEA Named One of Canada’s Best Workplaces in Retail & Hospitality and Best Workplaces Managed by Women

    GPTW-BestWorkplace-EN DAVIDsTEA Recognized as One of 2022’s Best Workplaces in Retail & Hospitality and 2021’s Best Workplaces Managed by Women Canadian tea brand celebrates new recognitions by Great Place to Work® MONTREAL, June 23, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA), a leading tea merchant in North America, announced that it has been named one of 2022’s Best Workplaces in Retail & Hospitality and 2021’s Best Workplaces Managed by Women. Recognized for prioritizing the well-b

    06/14/2022DTEA
    DAVIDsTEA Reports Financial Results for First Quarter of Fiscal 2022

    Sales reach $20.4 millionNet loss totals $2.0 millionAdjusted EBITDA amounts to $0.1 millionCash position of $22.7 million MONTREAL, June 14, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its first quarter results for the period ended April 30, 2022. “DAVIDsTEA continues to execute on a well though-out transition to a digital-first tea merchant, by amplifying the universal and enjoyable pleasures as

    06/13/2022DTEA
    Let’s Chill: DAVIDsTEA Launches New Innovation with Cold Brew Iced Tea Ready in a Flash

    Featuring mouth-watering fruity flavours steeping faster than ever, the Cold Brew Collection will keep you feeling refreshed all summer long. PR Cold Brew DAVIDsTEA launches Cold Brew Collection MONTRÉAL, June 13, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA), a leading tea merchant in North America, is pleased to announce the launch of their most innovative collection of cold brew teas for summer 2022. Brand new blends and accessories are available at all 18 DAVIDsTEA flagship stores ac