DAVIDsTEA Raises $3.0 Million in Private Placement

MONTREAL, Nov. 19, 2025 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading North American tea merchant, is pleased to announce that it has closed its previously-announced private placement of units in an aggregate amount of $3 million (the “Private Placement”). Proceeds from the Private Placement will be used to open new stores across Canada and to support working capital requirements.

DAVIDsTEA Inc., a leading specialty tea retailer, has successfully completed a private placement, raising a total of $3.0 million. This funding is aimed at supporting the company's operations and strategic growth initiatives.

The private placement involved the issuance of 6,000,000 units at a price of $0.50 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with each full warrant entitling the holder to purchase an additional share at an exercise price of $0.75 for a period of three years from the closing date of the offering.

According to the company's management, this capital raise is pivotal for enhancing the company's financial flexibility. The funds will be utilized to bolster inventory levels and assist with ongoing operational expenditures, allowing DAVIDsTEA to continue to deliver its high-quality tea products to customers.

Furthermore, the announcement notes that the placement was well received by investors, reflecting a solid confidence in DAVIDsTEA’s business model and growth prospects. The proceeds from this private placement will also enable the company to explore new opportunities in the specialty tea market.

The CEO highlighted the importance of this funding in expanding their reach and better serving their loyal customer base. By continuously innovating and updating their product offerings, DAVIDsTEA aims to remain competitive in the increasingly crowded market of specialty teas.

This strategic decision underscores DAVIDsTEA's commitment to leveraging financial resources effectively to position the company for future growth. The management team is optimistic about the future outlook, aiming to enhance shareholder value and achieve sustainable profitability.