 MONTREAL, May 04, 2021 GLOBE NEWSWIRE -- DAVIDsTEA Inc. Nasdaq:DTEA DAVIDsTEA or the Company, a leading tea merchant in North America, announces that it will seek authorization from the Québec Superior Court on Friday, May 7, 2021 to file its Plan of Arrangement under the Companies Creditors Arrangement Act CCAA and to call a creditors meeting to be held on June 11, 2021. The Plan of Arrangement to be submitted to the creditors for approval provides that DAVIDsTEA will distribute an aggregate amount of approximately CDN 18 million to its creditors and those of DAVIDsTEA USA Inc., the Companys wholly-owned U.S. subsidiary, in full and final settlement of all claims affected by the Plan of Arrangement. 