Reported Late Thursday April 13, DAVIDsTEA Confirms Voluntary Delisting From Nasdaq, To Cease Trading On Nasdaq At The Close Of Market On Friday, April 14, 2023

- 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, where its shares trade in Canadian dollars. Shareholders in the United States and other U.S. investors are able to trade DAVIDsTEA through the facilities of the TSXV.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.