Benzinga | Sep 9, 2021 03:49PM EDT

DAVIDsTEA Expands Presence With Rexall Pharmacies

* DAVIDsTEA Inc. (NASDAQ:DTEA) has expanded the availability of its tea sachets, pre-packs, and samplers in over 110 Rexall pharmacies, a Canadian drugstore operator.

* DAVIDsTEA has expanded its presence from 5 to 46 Rexall locations in Central Canada since June, following a pilot launched in March of this year.

* About 69 more locations are being added in Rexall stores in Canada this September.

* The partnership provides an opportunity to speak directly to customers and distribute educational marketing materials about the benefits of tea to Canadians.

* Price Action: DTEA shares are trading lower by 1.14% at $3.47 on the last check Thursday.