DavidsTea Expands Agreement With Loblaw Companies

Shivani Kumaresan

Tue, Oct 19, 2021, 2:19 PM1 min read

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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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DavidsTea Expands Agreement With Loblaw Companies

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