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DAVIDsTEA INC. Regulatory Filings 2021

Mar 22, 2021

47282_rns_2021-03-22_d465c407-f97e-4b59-8054-3eabbd5be501.pdf

Regulatory Filings

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Form 51 – 102F3

Material Change Report

1. Name and Address of Company

DAVIDsTEA Inc. 5430 Ferrier Town of Mount Royal, Québec H4P 1M2

2. Date of Material Change

March 19, 2021.

3. News Release

DAVIDsTEA Inc. (“ DAVIDsTEA ”) issued a news release with respect to the material change described herein via Globe Newswire on March 19, 2021.

Summary of Material Change

The Québec Superior Court issued an Order extending to June 4, 2021 the previously-announced stay of all proceedings against DAVIDsTEA under the Companies’ Creditors Arrangement Act (Canada).

5. Full Description of Material Change

  • 5.1 Full Description of Material Change

The Québec Superior Court issued an Order extending to June 4, 2021 the previously-announced stay of all proceedings against DAVIDsTEA under the Companies’ Creditors Arrangement Act (Canada).

5.2 Disclosure for Restructuring Transactions

Not applicable.

6. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

Not applicable.

7. Omitted Information

Not applicable.

8. Executive Officer

The executive officer who can answer questions regarding this report is Mr. Frank Zitella, President, and Chief Financial and Operating Officer of DAVIDsTEA. Mr. Zitella can be reached at (514) 839-1580.

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9. Date of Report

March 22, 2021.