Group 1 - DAVIDsTEA Inc. will release its financial results for Q3 Fiscal 2025 on December 16, 2025, before market opening [1] - A webcast to discuss the financial results will be held on the same day at 8:30 a.m. Eastern Time [1] - An online archive of the webcast will be available within two hours after the call and will remain accessible for 30 days [2] Group 2 - DAVIDsTEA offers a specialty selection of high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, and tea-related accessories [3] - The company sells its products through its e-commerce platform, Amazon Marketplace, and has over 4,000 wholesale customers including grocery stores and pharmacies [3] - DAVIDsTEA focuses on innovative flavors, wellness-driven ingredients, and organic tea, launching seasonally driven collections to make tea fun and accessible [3]

Core Viewpoint - DAVIDsTEA Inc. has successfully closed a private placement of units amounting to $3 million, aimed at expanding its store presence in Canada and supporting working capital needs [1][2]. Group 1: Private Placement Details - The private placement involved the issuance of 3,333,334 units at a price of $0.90 per unit, generating total proceeds of $3 million [2]. - Each unit consists of one common share and one-half of a common share purchase warrant, with full warrants allowing the purchase of additional shares at $1.25 for one year and $1.50 for the subsequent year [2]. - The warrants may expire if the closing price of DAVIDsTEA's shares reaches at least $2.00 for 20 consecutive trading days, with a notice period of 30 days for warrant holders [2]. Group 2: Company Overview - DAVIDsTEA is a leading North American tea merchant, offering a variety of high-quality proprietary loose-leaf teas, pre-packaged teas, and tea-related accessories through its e-commerce platform and wholesale channels [5]. - The company serves over 4,000 grocery stores and pharmacies, 1,500 convenience stores in Canada, and 900 grocery stores in the United States, alongside operating 20 company-owned stores in Canada [5]. - DAVIDsTEA focuses on innovative flavors and wellness-driven ingredients, launching seasonal collections to make tea enjoyable and accessible [5].

Core Viewpoint - DAVIDsTEA Inc. is transitioning from a turnaround phase to a growth phase, supported by recent financing initiatives aimed at expanding its retail presence across Canada and enhancing working capital [3][4]. Financing Details - The company has secured a private placement of units totaling $3 million, which will involve issuing 3,333,334 units at a price of $0.90 per unit [4][12]. - Additionally, DAVIDsTEA has entered into a revenue-linked financing agreement, receiving $2.7 million from an institutional partner, which is non-dilutive and adds to the company's working capital [2][6]. Strategic Goals - The financing is intended to support the opening of new stores and to enhance the company's liquidity and financial flexibility, positioning DAVIDsTEA for sustainable profitability and long-term value creation [4][6]. - The CEO emphasized the goal of expanding the DAVIDsTEA experience to more communities, focusing on wellness and specialty tea [3][4]. Shareholder Participation - Pembroke Heritage Fund Limited and Pembroke Genesis Pooled Fund subscribed for 50% of the units in the private placement, contributing $1.5 million [5][6]. - Jane Silverstone Segal, Chair of the Board, also subscribed for the remaining 50%, indicating strong insider support for the financing [7][8]. Share Structure Impact - Following the private placement, the total number of common shares is expected to increase from 27,145,589 to 30,478,923, with Jane Silverstone Segal's ownership percentage rising from 44.76% to 45.33% [11][12]. Regulatory Compliance - The private placement involving Jane Silverstone Segal is classified as a "related party transaction" but is exempt from certain formal requirements due to the subscription amount being below 25% of DAVIDsTEA's market capitalization [8][9].

Core Insights - DAVIDsTEA Inc. presented its growth strategy at the Planet MicroCap Showcase: TORONTO 2025, highlighting its strong positioning in the North American specialty tea market [1][2] Company Overview - DAVIDsTEA offers a variety of high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, and tea-related accessories through its e-commerce platform and Amazon Marketplace [3] - The company serves over 4,000 grocery stores and pharmacies, more than 1,500 convenience stores in Canada, and over 900 grocery stores in the United States, in addition to operating 20 company-owned stores across Canada [3] - DAVIDsTEA focuses on innovative flavors, wellness-driven ingredients, and organic tea, launching seasonal collections to make tea fun and accessible [3]

Core Points - DAVIDsTEA Inc. held its annual meeting of shareholders in Montreal, where five nominees were elected as directors with high approval rates, ranging from 99.08% to 99.10% [1] - Ernst & Young LLP was re-appointed as the auditor for DAVIDsTEA, and a resolution was adopted to amend the 2015 Omnibus Equity Incentive Plan to increase the number of common shares available for issuance [1] Company Overview - DAVIDsTEA is a leading North American tea merchant offering a specialty selection of high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, and tea-related accessories [2] - The company operates through its e-commerce platform and has a presence in over 4,000 grocery stores and pharmacies, 1,500 convenience stores in Canada, and 900 grocery stores in the United States, along with 20 company-owned stores across Canada [2] - DAVIDsTEA focuses on innovative flavors, wellness-driven ingredients, and organic tea, launching seasonally driven collections to make tea fun and accessible [2]

Core Insights - DAVIDsTEA Inc. reported a first-quarter revenue of $13.5 million, reflecting a year-over-year increase of 0.6% [5][21] - The company achieved a gross profit margin of 51.1%, up from 43.3% in the same quarter last year, driven by improved product margins and reduced shipping costs [8][21] - Adjusted EBITDA turned positive at $1.6 million compared to a negative $0.8 million in the prior year quarter, indicating operational improvements [13][21] Financial Performance - Retail store sales increased by 11.5% year-over-year, with comparable store sales growth of 2.8% [2][21] - Canadian sales, which made up 86.1% of total revenue, decreased by $0.1 million or 0.8%, while U.S. sales rose by $0.2 million or 10.1% to $1.9 million [5][21] - Online sales decreased by 4.8% to $6.4 million, representing 47.5% of total sales, while wholesale sales also declined by 5.3% to $2.1 million [7][21] Cost Management - Selling, general and administrative expenses (SG&A) decreased by 17.9% to $6.9 million, primarily due to a reduction in IT-related expenses [9][21] - SG&A expenses as a percentage of sales improved to 51.3% from 62.9% in the prior year, reflecting enhanced cost efficiency [12][21] - The company reported a significantly reduced net loss of $0.2 million compared to $2.6 million in the same quarter last year [14][21] Strategic Initiatives - The company plans to open new retail locations in the fall as part of its growth strategy, aiming for a compound annual growth rate of over 10% over the next three years [3][21] - DAVIDsTEA is focused on optimizing its retail footprint and enhancing customer engagement to drive sustainable growth [3][4] - The company maintains a strong cash position of $10.4 million, up from $8.8 million in the prior year, supporting its operational needs [16][21]

Core Viewpoint - DAVIDsTEA Inc. is set to release its financial results for the first quarter of Fiscal 2025 on June 17, 2025, before market opening, followed by a webcast to discuss these results [1]. Company Overview - DAVIDsTEA is a leading tea merchant in North America, offering a specialty selection of high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, and tea-related accessories [3]. - The company operates through its e-commerce platform and the Amazon Marketplace, serving over 4,000 grocery stores and pharmacies, more than 1,500 convenience stores in Canada, and over 900 grocery stores in the United States, in addition to 20 company-owned stores across Canada [3]. - DAVIDsTEA focuses on proprietary tea blends, traditional single-origin teas, and herbs, emphasizing innovative flavors, wellness-driven ingredients, and organic tea [3]. - The company aims to make tea fun and accessible to all through seasonally driven collections [3].

Core Insights - DAVIDsTEA Inc. will release its financial results for the fourth quarter of Fiscal 2024 on May 28, 2025, before market opening [1] - A webcast to discuss the financial results will be held on the same day at 8:30 a.m. Eastern Time [1] Company Overview - DAVIDsTEA is a leading tea merchant in North America, offering a specialty selection of high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, and tea-related accessories [3] - The company operates through its e-commerce platform and has a presence in over 4,000 grocery stores and pharmacies, 1,500 convenience stores in Canada, and 900 grocery stores in the United States, along with 20 company-owned stores across Canada [3] - DAVIDsTEA focuses on innovative flavors, wellness-driven ingredients, and organic tea, launching seasonally driven collections to make tea fun and accessible [3]