Benzinga | Oct 19, 2021 02:20PM EDT

DavidsTea Expands Agreement With Loblaw Companies

* 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.