DAVIDsTEA Inc.

Welcome to David's TEA's 2026 annual meeting. The meeting will come to order. I am Pat DiMarco, lead director of David's TEA. Again this year, David's TEA asked all shareholders to vote by proxy prior to the meeting, which many of you have done, and to participate in this meeting by audio webcast. Thank you for joining us. We will now start the meeting. With the consent of the meeting, I will act as chairman. also with the consent of the meeting, I will ask Neil Weiner of Baskin to act as secretary of the meeting and Isabelle Vachon and Cassandra Vieira-Lopez of TSX Trust Company to act as scrutineers to report on the shareholders present in person and the number of shares represented in person or by proxy at this meeting, to compute the votes on any ballot taken at this meeting, and to report thereon to me as chairman. We will first conduct the official business of this meeting, after which Sarah Segal, Chief Executive Officer and Chief Brand Officer of David's Tea, will provide an update on the company. There are several routine matters to be dealt with at this meeting. To expedite matters, I have arranged for certain persons to make and second the various motions. The election of directors and the special resolution to amend the articles will be by ballot. unless a ballot is requested by a registered shareholder or proxy holder, all other votes at this meeting will be conducted by voice vote. Based on proxy forms and voting information forms submitted prior to the meeting, I can report that all matters to be considered today will be adopted. I now ask the scrutineers to present their report and I direct that the report be annexed to the minutes of this meeting as a schedule.

Mr. Chairman, we, the undersigned scrutineers from TSX Trust Company, hereby report that there are at least 58 shareholders and or proxy holders present at this meeting, representing in-person or by proxy 19,585,594 common shares, being 64.08% of the total 30,566,001 common shares issued and outstanding of David C. Inc., Stein, Isabelle Vachon, and Cassandra Villara-Lopez.

Thank you. The Scrooge and Nears report shows a quorum to be present. I declare the meeting to be regularly constituted. The notice calling this meeting together with the proxy forum, management information circular, and related documents have been mailed or made available to the company's shareholders and mailed to the company's auditor. With the consent of the meeting, we will dispense with the reading of the notice and with the reading of the minutes of the last meeting of shareholders held on July 9, 2025, and I direct that the minutes be taken as read and approved and that they be signed as being correct. The first item of business is the presentation of the annual report and financial statements and the auditor's report thereon. I now present to the meeting the annual report and consolidated financial statements of the company for the fiscal year ended January 31, 2026 and the auditor's report. Copies of such documents have been made available to shareholders. We will now proceed with the election of directors. I declare the meeting open for nominations and ask Frank Zitella to present his nominations.