DAVIDsTEA Obtains Court Order Extending Stay of Proceedings Under CCAA
March 19 2021 - 2:40PM
DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a
leading tea merchant in North America, announces that the
Québec Superior Court today issued an Order extending to June 4,
2021 the previously-announced stay of all proceedings against the
Company under the Companies’ Creditors Arrangement Act (Canada)
(“CCAA”).
The Court Order and related documents will be
available at www.pwc.com/ca/davidstea. The Company will continue to
provide updates throughout the CCAA restructuring process as events
warrant.
About DAVIDsTEA
DAVIDsTEA is a leading branded retailer and
growing wholesaler of specialty loose-leaf tea, offering a
differentiated selection of proprietary signature blends,
single-origin teas, pre-packaged teas, tea sachets and tea-related
gifts and accessories primarily through its e-commerce platform at
www.davidstea.com. With a focus on innovative flavours,
wellness-driven ingredients and organic tea, the Company launches
seasonally driven “collections” with a mission of making tea
accessible to a wide audience. A selection of DAVIDsTEA products is
available in more than 2,500 grocery stores and pharmacies across
Canada. The Company also operates 18 retail stores in Canada. The
Company is headquartered in Montréal, Canada.
Investor Contact |
Media Contact |
Maison Brison Communications |
PELICAN PR |
Pierre Boucher |
Lyla Radmanovich |
514-731-0000 |
514-845-8763 |
investors@davidstea.com |
media@rppelican.ca |
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