DAVIDsTEA

DAVIDsTEA, Inc. operates as a beverage company. It offers a selection of loose-leaf teas, pre packaged teas, tea sachets, and tea-related gifts, food, and accessories through its stores. The firm operates through the Canada and U.S. segments. The company was founded by Herschel H. Segal and David Segal on April 29, 2008 and is headquartered in Mount-Royal, Canada.

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DAVIDsTEA, Inc. engages in the production and distribution of tea. It offers a selection of loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts, food, and accessories through its stores. The firm operates through the Canada and U.S. geographical segments. The company was founded by Herschel H. Segal and David Segal on April 29, 2008 and is headquartered in Mount-Royal, Canada.

The stock price of DavidsTea Inc (NASDAQ: DTEA) has increased by over 20% pre-market as of 7:32 AM ET. This is why it happened.

DTEA Stock Price Increases Over 20% Pre-Market: Why It Happened

DavidsTea continues to make progress with its shift towards its e-commerce and wholesale channels growing by 145% in the most recent quarter. Substantially leaner organization as a result of the transformation led to back-to-back profitable quarters with the seasonally strongest quarter ahead.

DavidsTea: We Don't Have To Read Tea Leaves Anymore

Discussing strong quarterly report. Transformation efforts appear to go well as the company delivered a second consecutive quarter of positive adjusted EBITDA. Court recently extended the stay of all proceedings against the company to March 19, 2021 under the Canadian Companies' Creditors Arrangement Act ("CCAA").

DavidsTea: Rally Likely To Continue With Major Catalysts Ahead - Buy On Setbacks

Announces Executive Appointments Announces Executive Appointments

DAVIDsTEA Reports Third Quarter Fiscal 2020 Financial Results

MONTREAL, Dec. 14, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) today announced that its financial results for the third quarter of Fiscal 2020 will be released after market close on December 15, 2020. The Company will host a webcast at 5:00 p.m. Eastern Time to discuss the financial results.

DAVIDsTEA Announces Third Quarter Fiscal 2020 Earnings Webcast

Recently launched digital-first strategy (supported by 18 stores reopened in mid-August) is beginning to bear fruit. 190% increase in e-commerce and wholesale sales to C$23.0 million in Q2 2020.

DavidsTea: There Is A Clear Path To Substantial Future Profitability

DAVIDsTEA Reports Second Quarter Fiscal 2020 Financial Results

MONTREAL, Sept.  21, 2020  (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) today announced that its financial results for the second quarter of fiscal 2020 will be released after market close today, September 21, 2020. The Company will host a webcast call at 5:00 p.m. Eastern Time to discuss the financial results.

DAVIDsTEA Announces Second Quarter Fiscal 2020 Earnings Conference Call

MONTREAL, Sept.  17, 2020  (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that the Québec Superior Court today issued a Claims Process Order establishing the claims procedures for the Company’s creditors under the Companies’ Creditors Arrangement Act (“CCAA”). The Order, among other things, sets 5:00 p.m. (eastern time) on November 6, 2020 as the time by which creditors of DAVIDsTEA and of DAVIDsTEA (USA) Inc., its wholly-owned U.S. subsidiary, must submit their claims to PwC, the Court-appointment Monitor. The Court also extended the stay of all proceedings against the Company currently in effect to December 15, 2020.

DAVIDsTEA Obtains Claims Process Order under CCAA

DAVIDsTEA: See The Big Picture And Buy This Quality Tea With Both Hands

DavidsTea: A Totally Misunderstood Restructuring Case Offering Significant Upside Potential

MONTREAL, July  31, 2020  (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) is pleased to announce that the five nominees listed in its management information circular dated June 25, 2020 were re-elected as directors at the Company’s annual meeting of shareholders held today in Montreal. According to proxies received and ballots cast, the votes were as follows:

DAVIDsTEA Announces Results of Annual Meeting

DAVIDsTEA Reports First Quarter Fiscal 2020 Financial Results

MONTREAL, July  30, 2020  (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that as part of its restructuring plan under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”), it plans to reopen 18 stores in Canada under new, more favourable lease terms and conditions.

DAVIDsTEA Provides Business Update

MONTREAL, July  20, 2020  (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced on June 5, 2020 that it is availing itself of the 45-day blanket extension granted by the Canadian securities regulatory authorities for the filing of financial statements and management’s discussion and analysis for its first quarter ended May 2, 2020. As previously announced, DAVIDsTEA intends to file the first quarter financial statements and related documents no later than July 31, 2020.

DAVIDsTEA Provides Update on Filing of Q1 Financial Statements

MONTREAL, July  16, 2020  (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that the Québec Superior Court today issued an Amended and Restated Initial Order extending to September 17, 2020 the application of the Initial Order obtained by DAVIDsTEA on July 8, 2020 under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”). The Amended and Restated Initial Order also deals with certain administrative matters. The Amended and Restated Initial Order and related documents will be available at  www.pwc.com/ca/davidstea .

DAVIDsTEA Obtains Amended and Restated Court Order under CCAA

MONTREAL, July  09, 2020  (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that further to obtaining an Initial Order pursuant to the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) from the Quebec Superior Court in order to implement its restructuring plan, the Company is sending notices to terminate leases for 82 of its stores in Canada and all 42 of its stores in the United States. The lease terminations will take effect in 30 days.

DAVIDsTEA Takes Steps to Optimize Store Network

MONTREAL, July  08, 2020  (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that it has obtained an Initial Order pursuant to the Companies’ Creditors Arrangement Act (the “CCAA”) from the Québec Superior Court in order to implement its previously-announced restructuring plan. Among other things, the Initial Order provides for the appointment of PwC as Monitor in the CCAA proceedings. As previously announced, the Company will apply for a similar order for its wholly-owned U.S. subsidiary under Chapter 15 of the United States Bankruptcy Code.

DAVIDsTEA Obtains Initial Order Under Companies’ Creditors Arrangement Act

MONTREAL, July  08, 2020  (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that it is implementing a restructuring plan under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”) in order to accelerate its transition to an online retailer and wholesaler of high-quality tea and accessories. The Company expects that its application for an initial order under the CCAA will be heard by the Québec Superior Court today. The Company intends to apply for similar orders for its wholly-owned U.S. subsidiary under Chapter 15 of the United States Bankruptcy Code.

DAVIDsTEA to Implement Restructuring Plan Under Companies’ Creditors Arrangement Act

DAVIDsTEA, Inc. (DTEA) CEO Herschel Segal on Q4 2019 Results - Earnings Call Transcript

DAVIDsTEA Reports Fourth Quarter and Full Year Fiscal 2019 Financial Results and Preliminary Financial Information for the 17-Week Period Ended May 30, 2020

MONTREAL, June  05, 2020  (GLOBE NEWSWIRE) -- 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.

DAVIDsTEA Provides Update on Filing of Annual and Q1 Financial Statements

DavidsTea (DTEA) is in the news Tuesday after DTEA stock started to soar higher, but what exactly is behind the movement?

DavidsTea News: Why Is DTEA Stock Rallying 11% Today?

DavidsTea: Trading At Only 57% Of Cash Combined With Solid E-Commerce/Wholesale Growth Makes This Compelling

DavidsTea: Don't Look A Gift Tea Spout In The Mouth (Part 2)

News for DAVIDsTEA Stock (DTEA)