EdgePoint Investment Group Inc. Acquires Common Stock of DAVIDsTEA Inc.

TORONTO, June 18, 2018 /CNW/ - EdgePoint Investment Group Inc. along with EdgePoint Canadian Growth & Income Portfolio and EdgePoint Canadian Portfolio, as joint actors (collectively, the "Offeror"), announces that on December 7, 2017, it acquired 2,774,201 shares of common stock of DAVIDsTEA Inc. (the "Reporting Issuer") representing 10.734% of the then issued and outstanding shares of common stock.  Such securities were acquired in a single trade through the facilities of the Nasdaq Stock Exchange at a price of U$4.05. 

As at May 31, 2018, the Offeror exercised control over 2,984,352 shares of common stock of the Reporting Issuer equivalent to 11.523% of the issued and outstanding shares of common stock of the Reporting Issuer. 

The acquisition of common stock of the Reporting Issuer has been made in the ordinary course of business and was made for investment purposes. The Offeror may in the future acquire additional securities of the Reporting Issuer or may sell all or some portion of the common stock of the Reporting Issuer it controls, or may enter into derivative or other transactions with respect to such common stock.

The Offeror is located at 150 Bloor Street West, Suite 500, Toronto, Ontario  M5S 2X9.  The Reporting Issuer's head office is located at 5430 Ferrier, Mount-Royal, Quebec  H4P 1M2.

SOURCE EdgePoint Investment Group Inc.