Ms. Jane Segal reports

DAVIDSTEA ANNOUNCES RESULTS OF ANNUAL MEETING

The five nominees listed in Davidstea Inc.'s management information circular dated May 7, 2026, were elected as directors at the company's annual meeting of shareholders held yesterday in Montreal. According to proxies received and ballots cast, the votes were as shown in the attached table.

At the meeting, Davidstea's shareholders also appointed Richter LLP, chartered professional accountants, as Davidstea's auditor and adopted a special resolution by a vote of 99.27 per cent authorizing an amendment to the articles of Davidstea in order for Davidstea to obtain B corp certification, if deemed advisable by the board of directors of the company.

About Davidstea Inc.

Davidstea offers a specialty branded selection of high-quality proprietary loose-leaf teas, prepackaged teas, tea sachets, tea-related accessories and gifts through its e-commerce platform and the Amazon Marketplace, its wholesale customers which include over 4,000 grocery stores and pharmacies, over 1,500 convenience stores in Canada and over 900 grocery stores in the United States, as well as 22 company-owned stores across Canada. It offers primarily proprietary tea blends that are exclusive to the company, as well as traditional single-origin teas and herbs. The team's passion for and knowledge of tea permeates the company's culture and is rooted in an excitement to explore the taste, health and lifestyle elements of tea. With a focus on innovative flavours, wellness-driven ingredients and organic tea, the company launches seasonally driven "collections" with a mission of making tea fun and accessible to all. The company is headquartered in Montreal, Canada.