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DAVIDsTEA ( (TSE:DTEA) ) just unveiled an announcement.
DAVIDsTEA has successfully closed a $3 million private placement to fund the opening of new stores across Canada and support working capital needs. The issuance involved 3,333,334 units at $0.90 each, with each unit comprising one common share and a half-share purchase warrant. The move is expected to enhance DAVIDsTEA’s market presence and operational capacity, potentially impacting its industry positioning positively.
More about DAVIDsTEA
DAVIDsTEA is a leading North American tea merchant headquartered in Montréal, Canada. The company offers a specialty branded selection of high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, and tea-related accessories through its e-commerce platform, wholesale customers, and company-owned stores across Canada. Known for its innovative flavors and wellness-driven ingredients, DAVIDsTEA aims to make tea fun and accessible to all.
Average Trading Volume: 22,373
Technical Sentiment Signal: Buy
Current Market Cap: C$24.94M
See more data about DTEA stock on TipRanks’ Stock Analysis page.