UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 3027, 2022

DAVIDsTEA Inc.

(Exact name of registrant as specified in its charter)

Canada

98-1048842

(State or other jurisdiction

of incorporation)

(I.R.S. Employer

Identification Number)

001-37404

(Commission File Number)

5430 Ferrier,

Town of Mount-Royal,

Québec, Canada

H4P 1M2

(Address of principal executive offices)

(Zip Code)

(888) 873-0006

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered Common shares, no par value per share DTEA ~~NASDAQ~~Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 21.0201 ~~Results~~Entry ofInto ~~Operations~~Material ~~and~~Definitive ~~Financial Condition~~Agreement.

On ~~September~~July 1327, 2022, DAVIDsTEA Inc. , a corporation incorporated under the Canada Business Corporations Act (the “Company”), ~~issued~~entered into an agreement, by and among the Company, DAVIDsTEA USA Inc., a ~~press~~Delaware ~~release~~corporation ~~announcing~~and ~~its~~wholly-owned ~~financial~~subsidiary ~~results~~of ~~for~~the Company (the ~~quarter~~“Guarantor”) ~~ended~~and ~~July~~the 30Bank of Nova Scotia (the “Lender”) for a revolving line of credit in an amount of CAD $15 million (as amended on August 23, 2022., the “Credit Agreement”).

AThe ~~copy~~Company ofis the ~~press~~borrower ~~release~~under ~~related~~the toCredit ~~this~~Agreement ~~announcement~~and isborrowings ~~furnished~~under asthe ~~Exhibit~~Credit ~~99.1~~Agreement toare ~~this~~secured ~~Current~~by ~~Report~~substantially onall ~~Form~~the ~~8-K~~assets of the Company and isGuarantor. ~~incorporated~~The ~~herein~~line byof ~~reference~~credit tois ~~this~~secured ~~Item~~by ~~2.02.~~a ~~The~~first-ranking ~~information~~security ~~contained~~interest in ~~this~~favor ~~Item,~~of ~~including~~the ~~Exhibit~~Lender, ~~99.1~~as ~~attached~~well ~~hereto,~~as isa ~~being~~loan ~~furnished~~loss ~~and~~guarantee ~~shall~~from ~~not~~Investissement beQuébec, ~~deemed~~securing ~~“filed”~~50% ~~for~~of any ~~purpose,~~loss ~~and~~incurred ~~shall~~by ~~not~~the beLender ~~deemed~~with ~~incorporated~~respect byto ~~reference~~recovery inof ~~any~~indebtedness ~~filing~~ under the ~~Securities~~line ~~Act~~ of ~~1933,~~credit. asThe ~~amended~~Company paid a CAD $30,000 orcommitment fee upon signing the ~~Securities~~Credit ~~Exchange~~Agreement ~~Act~~and ofwill ~~1934,~~incur asa ~~amended~~CAD $15,000 ~~regardless~~renewal offee ~~any~~on ~~general~~each ~~incorporation~~anniversary ~~language~~of inthe ~~any~~Company’s ~~such~~entry ~~filing~~into the Credit Agreement.

~~Cautionary~~Any ~~Forward-Looking~~borrowings ~~Statements~~under the Credit Agreement are subject to certain conditions, including applicable ratios to the Borrowing Base of the Company (as defined in the Credit Agreement), and are contingent upon the Company providing the Lender with, among other documentation, quarterly financial statements and compliance certificates. The Company is obligated to pay reasonable and documented fees incurred by the Lender relating to the Credit Agreement. Upon the occurrence of an event of default, all outstanding obligations under the Credit Agreement may be accelerated and become immediately due and payable.

This Current Report on Form 8-K includes statements that express our opinions, expectations, beliefs, plans or assumptions regarding future events or future results and there are, or may be deemed to be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). The ~~following~~foregoing ~~cautionary~~summary ~~statements~~description ~~are being made pursuant to the provisions~~ of the ~~Act~~Credit ~~and~~Agreement ~~with~~is ~~the~~qualified ~~intention~~in ofits ~~obtaining~~entirety ~~the benefits of the “safe harbor” provisions of the Act. These forward-looking statements can generally be identified~~ by ~~the~~reference ~~use~~to ~~of forward-looking terminology, including~~ the ~~terms~~full ~~“believes”,~~text “expects”, “may”, “will”, “should”, “approximately”, “intends”, “plans”, “estimates” or “anticipates” or, in each case, their negatives or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our strategy of ~~transitioning to e-commerce and wholesale sales, future sales through our e-commerce and wholesale channels, our results of operations, financial condition, liquidity and prospects, and~~ the ~~impact~~Credit ~~of the COVID-19 pandemic on the global macroeconomic environment~~Agreement.

~~While~~Item we2.03 ~~believe~~Creation ~~these~~of ~~opinions~~a ~~and~~Direct ~~expectations~~Financial ~~are~~Obligation ~~based~~or onan ~~reasonable~~Obligation ~~assumptions,~~under ~~such~~an ~~forward~~Off-~~looking~~Balance ~~statements~~Sheet ~~are~~Arrangement ~~inherently~~of ~~subject~~a to risks, uncertainties and assumptions about us, including the risk factors set forth in our annual report on Form 10-K for the fiscal year ended January 29, 2022, filed with the United States Securities and Exchange Commission (the “SEC”) on April 29, 2022 and in our Form 10-Q for the three-month period ended April 30, 2022 filed with the SEC on June 14, 2022 and in our quarterly report on Form 10-Q for the three and six-month periods ended July 30, 2022, filed with the SEC on September 13, 2022.Registrant

~~These~~The ~~statements are based upon~~ information ~~available~~set toforth usin asItem of the date of this Current Report on Form 8-K, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially-available relevant information1.01 Inabove ~~light~~is ofincorporated ~~these~~herein ~~risks,~~by ~~uncertainties and assumptions, investors are cautioned not to unduly rely upon these statements~~reference.

~~Except~~Item as9.01 ~~required~~Financial ~~under~~Statements ~~federal securities laws~~ and the rules and regulations of the SEC, we do not have any intention to update any forward-looking statements to reflect events or circumstances arising after the date of this Current Report on Form 8-K, whether as a result of new information, future events or otherwiseExhibits.

~~Item~~(d) ~~9.01 Financial Statements and~~ Exhibits.

(d) Exhibits.

Exhibit No.		Description

99.1		Press Release of DAVIDsTEA Inc., dated August 31, 2022
104		Cover Page Interactive Data File (embedded within the Inline XBRL Document)

Exhibit No.		Description
99.1		Press Release, dated September 13, 2022
104		Cover Page Interactive Data File (embedded within the Inline XBRL Document)

2SIGNATURE

~~SIGNATURE~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DAVIDsTEA INC.

Date: September 29, 2022	By:	/s/ Frank Zitella
	Name:	Frank Zitella
	Title:	President, Chief Financial and Operating Officer

	DAVIDsTEA INC.
Date: September 13, 2022	By:	/s/ Frank Zitella
	Name:	Frank Zitella
	Title:	President, Chief Financial and Operating Officer

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