On May 22, 2018, Rainy Day Investments Ltd. announced that it has proposed a slate of 7 nominees for election as directors of DAVIDsTEA Inc. at the Company’s 2018 annual meeting of shareholders scheduled to be held on June 14, 2018. Rainy Day Investments stated that the Company’s slate is dominated by 3 investment funds whose interests are not aligned with those of long-term, individual shareholders. Rainy Day Investments stated that the Company’s slate lacks Canadian representation. Rainy Day Investments also stated that the Company’s slate lacks nominees with direct Canadian retail operating experience.