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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 in Canada expanded in the second quarter of 2022 with sales more than doubling year-over-year on the strength of a growing footprint at grocery stores, pharmacies and big-box locations to over 3,8

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 associated with tea. We efficiently managed through industry-wide challenges, including mounting inflation, supply-chain issues and labour shortages, in the first quarter of 2022," said Sarah Segal,

Fiscal 2021 Sales of $104.1 millionNet income of $78.1 millionAdjusted EBITDA of $5.3 millionCash position of $25.1 million Q4 2021 Sales of $39.9 millionNet income of $1.3 millionAdjusted EBITDA of $3.7 million MONTREAL, April 29, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (NASDAQ:DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, announces its fourth quarter and full year results for the period ended January 29, 2022. "We adapted to changes in consumer habits related to the COVID-19 pandemic by doubling down on our digital platform, we emerged from a formal restructuring process as a more invigorated and efficient organization, and we managed as a

Revenues of $18.7 million, Adjusted EBITDA of negative $0.6 millionExpands omnichannel presence with launch of innovative store-in-store concept as it continues transformation to a digital first e-tailerConfirms completion of CCAA proceedingsHerschel Segal retires from Board of Directors; Jane Silverstone Segal appointed as director and Chair of the Board MONTREAL, Sept. 14, 2021 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (NASDAQ:DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, today announced its second quarter results for the period ended July 31, 2021 (all amounts are expressed in Canadian dollars). "We are moving forward with a number of initiati

145.5% increase in e-commerce and wholesale sales to $22.1 millionGross profit of $10.8 millionAdjusted EBITDA of $3.3 millionCash of $21.9 million at quarter-endRestructuring activities ongoing and Court order extended until March 19, 2021 MONTREAL, Dec. 15, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces its third quarter results for the period ended October 31, 2020. DAVIDsTEA also announces the appointment of Sarah Segal as Chief Executive Officer (CEO), in addition to her position as Chief Brand Officer, and Frank Zitella as President, in addition to his position as Chief Operating Officer and

- DAVIDsTEA to cease trading on Nasdaq at the close of market on Friday, April 14, 2023 - DAVIDsTEA to continue trading on the TSX Venture Exchange MONTREAL, April 13, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (NASDAQ:DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, confirms that it is voluntarily delisting from The Nasdaq Global Market ("Nasdaq") and that its common shares will stop trading on Nasdaq at the close of market on Friday, April 14, 2023. As previously announced, DAVIDsTEA commenced trading on the TSX Venture Exchange ("TSXV") on Monday, April 3, 2023 under the ticker symbol "DTEA". After April 14, 2023, DAVIDsTEA will be listed only on the TSXV,

- Trading on the TSX Venture Exchange to start on April 3, 2023 - DAVIDsTEA to delist from Nasdaq at the close of markets on April 14, 2023 MONTREAL, March 27, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (NASDAQ:DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, is pleased to announce that the Company has been accepted for listing on the TSX Venture Exchange ("TSXV") and that the Company's common shares will commence trading on the TSXV on Monday, April 3, 2023 under the ticker symbol "DTEA". The shares will trade on the TSXV in Canadian dollars. Shareholders will not be required to exchange their share certificates or take any other action in connection with the

MONTREAL, Feb. 02, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (NASDAQ:DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, provided preliminary sales results for its fourth quarter ended January 28, 2023, and announced a plan to adjust its cost structure amid continuing macro-economic uncertainty. "Like many other retail brands, we experienced difficult market conditions in the fourth quarter as consumer wallets were impacted by rising inflation and higher interest rates that reduced demand," explained Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA. "The decision to implement a cost-containment plan is necessary to align our cost structure

Celebrate the season with festive and unique Glitter Matcha, Gingerbread Matcha and Orange Spice Matcha MONTREAL, Dec. 15, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (NASDAQ:DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, is pleased to announce the launch of their rule-breaking Holiday Matcha Collection, spotlighting naturally flavoured Gingerbread Matcha and Orange Spice Matcha plus first-to-market Glitter Matcha. These fresh, seasonal and vegan additions to the brand's impressive matcha collection—one of the largest in North America—are available at all 18 DAVIDsTEA flagship stores across Canada, and online at davidstea.com. New standout arrivals from the

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 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (NASDAQ:DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, is pleased to celebrate Giving Tuesday by announcing their donation of over 1.3 million cups of tea to frontline heroes since the start of the pandemic. Continuing their commitment to a more sustainable and ethical tea industry, $1 of every purchase gives back to the DAVIDsTEA Impact Fund, supporting the brand's local and global impact initiatives this Giving Week, fr

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 Great Place to Work Institute® Canada. This highly respected certification outlines the levels of trust employees have in their leaders, of pride they have in their work, and the extent to which they enjoy working with their colleagues. Based on direct feedback from employees provided as part of an extensive and anonymous survey about their workplace experience, the Great Place to Work® certifi

MONTREAL, 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 the wholesale market four years ago, DAVIDsTEA has gradually grown its presence at grocery stores, pharmacies and big-box locations to over 3,800 doors in Canada, including over 250 store-in-store configurations. Last year, the Company launched its innovative store-in-store retail concept at Rexall and has since added Lond

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 in Canada expanded in the second quarter of 2022 with sales more than doubling year-over-year on the strength of a growing footprint at grocery stores, pharmacies and big-box locations to over 3,8

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, President, Chief Financial and Operating Officer, DAVIDsTEA. "We appreciate Scotiabank's confidence in our business plan as we continue making the right strategic investments to accelerate demand for o

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 C.A.M.P. by DAVIDsTEA in collaboration with the Ethical Tea Partnership (ETP). This project will support the tea-growing community in Zhejiang, China, one of the regions where DAVIDsTEA sources premium black and green tea bases for some of their top blends. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e604aa6f-6d42-4f65-94be-54ad28074112 The C.A.M.P. by DAVIDsTEA x Ethical Tea Partner

- DAVIDsTEA to cease trading on Nasdaq at the close of market on Friday, April 14, 2023   - DAVIDsTEA to continue trading on the TSX Venture Exchange MONTREAL, April 13, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (NASDAQ:DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, confirms that it is voluntarily delisting from The Nasdaq Global Market ("Nasdaq") and that its common shares will stop trading on Nasdaq at the close of market on Friday, April 14, 2023. As previously announced, DAVIDsTEA commenced trading on the TSX Venture Exchange ("TSXV") on Monday, April 3, 2023 under the ticker symbol "DTEA". After April 14, 2023, DAVIDsTEA will be listed only on the TSXV,

Gainers Amesite (NASDAQ:AMST) shares increased by 39.8% to $4.94 during Thursday's regular session. As of 13:30 EST, Amesite's stock is trading at a volume of 3.6 million, which is 671.1% of its average full-day volume over the last 100 days. The company's market cap stands at $12.5 million. Tupperware Brands (NYSE:TUP) stock moved upwards by 27.95% to $1.69. Trading volume for Tupperware Brands's stock is 13.0 million as of 13:30 EST. This is 852.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $75.1 million. Faraday Future (NASDAQ:FFIE) stock moved upwards by 16.34% to $0.32. As of 13:30 EST, this security is trading at a volum

  On Tuesday, 65 companies set new 52-week lows. Interesting Facts About Today's 52-Week Lows: The largest company by market cap to hit a new 52-week low was First Merchants (NASDAQ:FRME). The company with the smallest market cap to set a new 52-week low was Dunxin Financial Hldgs (AMEX:DXF). Agile Therapeutics (NASDAQ:AGRX) saw the most significant move of the companies, as shares traded down 4009.39% to reach its new 52-week low. Innovid (NYSE:CTV)'s shares had the biggest turnaround, impressively rebounding 0.0% after reaching a new 52-week low. Here are all the stocks that set new 52-week lows on Tuesday: First Merchants (NASDAQ:FRME) stock broke to a new 52-week low of $31.

  On Wednesday, 220 stocks hit new 52-week lows. Interesting Points From Today's 52-Week Lows: Citizens Financial Group (NYSE:CFG) was the biggest company in terms of market cap to set a new 52-week low. G Medical Innovations (NASDAQ:GMVD) was the smallest company in terms of market cap to set a new 52-week low. Alkaline Water Co (NASDAQ:WTER)'s stock made the biggest move downwards, diving 1247.1% to reach a new 52-week low. IO Biotech (NASDAQ:IOBT) shares were the most resilient of the group, as shares actually moved up 0.0% in response to hitting its 52-week low. On Wednesday, the following stocks hit new 52-week lows: Citizens Financial Group (NYSE:CFG) shares moved down 1.9

  On Wednesday, 81 companies hit new 52-week lows. Intriguing Points From Today's 52-Week Lows: Kohl's (NYSE:KSS) was the biggest company by market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was CNS Pharmaceuticals (NASDAQ:CNSP). Codiak BioSciences (NASDAQ:CDAK)'s stock came under the most pressure, trading down 22.58% to reach a new 52-week low. Future FinTech Gr (NASDAQ:FTFT) shares were the most resilient of the group, as shares actually moved up 0.0% in response to hitting its 52-week low. The following stocks set new 52-week lows on Wednesday: Kohl's (NYSE:KSS) stock broke to a new 52-week low of $20.90 on Wednesday. Shares of

Gainers Harbor Custom Dev (NASDAQ:HCDI) shares rose 20.6% to $6.25 during Monday's regular session. The market value of their outstanding shares is at $4.4 million. Color Star Tech (NASDAQ:ADD) stock rose 19.3% to $1.85. As of 13:30 EST, this security is trading at a volume of 274.0K shares, making up 133.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $17.6 million. Digital Brands Group (NASDAQ:DBGI) stock moved upwards by 13.67% to $1.33. As of 13:30 EST, Digital Brands Group's stock is trading at a volume of 297.9K, which is 27.4% of its average full-day volume over the last 100 days. The company's market cap stands at $6.5 m

  On Monday, 89 stocks made new 52-week lows. Interesting Facts About Today's 52-Week Lows: Plug Power (NASDAQ:PLUG) is the largest company in terms of market cap to set a new 52-week low this morning. The smallest company on a market cap basis to set a new 52-week low was InVivo Therapeutics Hldg (NASDAQ:NVIV). Allarity Therapeutics (NASDAQ:ALLR)'s stock fell the most, as it traded down 2955.92% to reach a new 52-week low. Xometry (NASDAQ:XMTR) shares bounced back the most, actually rising 0.13% after hiting a new 52-week low. Stocks that set new 52-week lows on Monday are as follows: Plug Power (NASDAQ:PLUG) shares were down 4.94% for the day, having made a 52-week low of $10.

- Trading on the TSX Venture Exchange to start on April 3, 2023   - DAVIDsTEA to delist from Nasdaq at the close of markets on April 14, 2023 MONTREAL, March 27, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (NASDAQ:DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, is pleased to announce that the Company has been accepted for listing on the TSX Venture Exchange ("TSXV") and that the Company's common shares will commence trading on the TSXV on Monday, April 3, 2023 under the ticker symbol "DTEA". The shares will trade on the TSXV in Canadian dollars. Shareholders will not be required to exchange their share certificates or take any other action in connection with the