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

• 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.
• Introduction of new concepts like the recently launched subscription service is accompanied by a more than necessary change in the management team.
• DavidsTea is confident that it will successfully complete the restructuring process in the near term and emerge as a sustainably profitable company without diluting current shareholders.

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