DAVIDsTEA Inc. announced that at its annual meeting shareholders elected a Board of Directors comprised of the seven persons nominated by Rainy Day Investments Ltd. as well as Joel Silver. The seven new directors are Herschel Segal, M. William Cleman, Pat De Marco, Emilia Di Raddo, Max Ludwig Fischer, Peter Robinson and Roland Walton. Immediately following the annual meeting, the Board of Directors appointed Herschel Segal as Executive Chairman and interim Chief Executive Officer of DAVIDsTEA and M. William Cleman as lead director of the Board of Directors. The company also announced that Joel Silver has left DAVIDsTEA, effective immediately. Mr. Silver was Chief Executive Officer and a director of DAVIDsTEA. As a result of Mr. Silver's departure, there is a vacancy on the Board of
Directors. The Board of Directors has commissioned the Human Resources and Compensation Committee, chaired by Roland Walton, an independent director, to initiate the process of finding a permanent Chief Executive Officer.
DAVIDsTEA Inc. is a Canada-based company, which offers a specialty branded selection of loose-leaf teas, pre-packaged teas, tea sachets, tea-related accessories and gifts through its e-commerce platform at www.davidstea.com and the Amazon Marketplace. Its wholesale customers, which include over 3,800 grocery stores and pharmacies, and 18 Company-owned stores across Canada. Its geographic segments include Canada and the U.S. The Company offers primarily tea blends, as well as traditional single-origin teas and herbs. It provides various types of tea, including herbal tea, green, black, white, matcha, rooibos, oolong, Pu'erh and mate. Its tea-related accessories include teapots, teacups, large cups and cups Nordic, travel cups and cups, infusers and other accessories. It offers autumn teas, iced teas, favorites, teas from garden to cup, classic teas, lunch teas, vegan teas and others. It offers teas by flavor, including chai, pumpkin, chocolate, vanilla, mint and others.
DAVIDSTEA INC. 
