DAVIDsTEA Provides Update on Filing of Annual and Q1 Financial Statements
June 05 2020 - 4:15PM
DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a
leading tea merchant in North America, announces that it will avail
itself of a 45‑day blanket extension granted by the securities
regulatory authorities in the United States and Canada and file by
no later than July 31, 2020 its financial statements and
management’s discussion and analysis for its first quarter, ended
May 2, 2020. The filing was originally due by June 16,
2020.
In connection with the 45‑day extension, the
Company confirms that its management and other insiders are subject
to an insider trading black-out policy that reflects the principles
in section 9 of Canadian National Policy 11-207
Failure-to-File Cease Trade Orders and Revocations in Multiple
Jurisdictions. The Company confirms that the only material business
developments since November 2, 2019, being the date of the
last interim financial statements filed by the Company, are as set
out in the Company’s material change report filed on SEDAR on
March 24, 2020 and in the Company’s news release dated
April 27, 2020 providing a detailed business and financial
performance update in light of the coronavirus (COVID-19)
pandemic.
In its news release of April 27, 2020,
DAVIDsTEA announced that it was availing itself of the 45‑day
blanket extension granted by the securities regulatory authorities
for the filing of its audited financial statements, management’s
discussion and analysis and annual information form for the fiscal
year ended February 1, 2020. As required by the Canadian
blanket order, DAVIDsTEA confirms that there have been no material
business developments since the date of its news release. As
previously announced, DAVIDsTEA intends to file its annual
financial statements and related documents on June 15,
2020.
About DAVIDsTEA
DAVIDsTEA is a leading retailer of specialty
tea, offering a differentiated selection of proprietary loose-leaf
teas, pre-packaged teas, tea sachets and tea-related gifts,
accessories and food and beverages through over 230 company-owned
and operated DAVIDsTEA retail stores in Canada and the United
States, as well as through its e-commerce platform at
davidstea.com. A selection of DAVIDsTEA products is also available
in grocery stores across Canada through its growing wholesale
distribution channel. The Company is headquartered in Montréal,
Canada.
Investor Contact MaisonBrison Communications
Pierre Boucher 514-731-0000 investors@davidstea.com |
Media Contact PELICAN PRLyla
Radmanovich514-845-8763media@rppelican.ca |
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