DavidsTea Expands Agreement With Loblaw Companies

·1 min read
  • DavidsTea Inc (NASDAQ: DTEA) has expanded its agreement with Loblaw Companies Limited (OTC: LBLCF) to extend its product offerings across the Atlantic provinces, Ontario, Manitoba, Saskatchewan, Alberta, and British Columbia.

  • "DAVIDsTEA is excited to further strengthen its relationship with Canada's food and pharmacy leader, allowing us to offer our customers access to an even broader selection of our high-quality teas," said CEO Sarah Segal.

  • DavidsTea noted select products are available in over 1,250 Loblaw grocery and pharmacy storefronts across Canada.

  • DavidsTea has added an assortment of flavors in loose-leaf tins and fruity matcha single-serves to Loblaw's existing assortment of sachet product selection.

  • Price Action: DTEA shares are trading higher by 1.61% at $3.465 on the last check Tuesday.

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