DAVIDsTEA

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DAVIDsTEA closes private placement of $3m to finance expansion in Canada

DAVIDsTEA completed a $3m private placement by issuing 3,333,334 units at $0.90 each; each unit comprises a common share and a half warrant. Whole warrants permit the purchase of additional shares at $1.25 in the first year and $1.50 in the second year and include a call provision if share prices remain high. Proceeds will be used to open new stores in Canada and to fund working capital; together with $2.7m in revenue-based financing, the total equals $5.7m. The company still faces high cash burn and more than $170m of debt; the securities issued are subject to a resale restriction until March 20, 2026. » More on de.investing.com

Financials

In the last year, DAVIDsTEA had revenue of €73.1m and net profit of €54.87m

(EUR)	2022	YoY
Revenue	73.1m	6.83%
Gross profit	30.34m	5.36%
Net profit	54.87m	243.87%
EBITDA	57.3m	177.76%

Fundamentals

Metric	Value
Market capitalization	€0
52-week high/low	€2.26 - €0.38
Dividends	No
Beta	2.67
P/E ratio	-
PEG ratio	-
P/B ratio	-
P/S ratio	-

Company profile

DAVIDsTEA Inc. operates as a specialty tea retailer in Canada and the United States. It offers loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts; tea accessories, including tea mugs, travel mugs, teacup sets, teapots, tea makers, kettles, infusers, filters, frothers, tins, and spoons; and food and beverages. As of April 29, 2022, it operated through 18 company-owned stores. The company also provides its products its e-commerce platform, davidstea.com; and distributes products through 3,500 grocery stores and pharmacies. DAVIDsTEA Inc. was incorporated in 2008 and is headquartered in Mount Royal, Canada.

Name	DAVIDsTEA
CEO	Sarah Segal
Headquarters	Mount Royal, qc Canada
Website	davidstea.com
Sector	Consumer Staples
Industry	Consumer Staples Distribution & Retail
IPO	05/06/2015
Employees	252