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Mercedes-Benz Canada reports record May results

Mercedes-Benz Canada and its national dealer network are pleased to announce record breaking May sales results and for the second time in its history, it has retailed more than 5,000 units in one month. In fact, a total of 5,031 Mercedes-Benz passenger vehicles, vans and smart units were retailed. On a year-to-date basis, the luxury manufacturer has surpassed its 2017 results by selling 21,898 vehicles in the first five months of 2018...

Rainy Day Investments Asks: Where are DAVIDsTEA’s Q1 Results?

Rainy Day Investments Ltd. (“RDI”) demands that DAVIDsTEA Inc. (“DAVIDsTEA”) (Nasdaq:DTEA) release its first quarter financial statements to ensure that shareholders can consider the financial results before voting their proxies by the June 12 deadline for the annual meeting to be held on June 14, 2018.

“It’s critical that DAVIDsTEA shareholders see the results for the first quarter now,” said Herschel Segal, co-founder of DAVIDsTEA and President of RDI, which holds approximately 46.4% of the outstanding shares of DAVIDsTEA and which has proposed a slate of seven highly-qualified Canadian nominees for election as directors at the annual meeting. “DAVIDsTEA has made numerous claims about ‘executing on its plan’ and that it is ‘already seeing positive momentum’. We certainly didn’t see any ‘positive momentum’ in the results for the last fiscal year. Let’s see if they managed to produce ‘positive momentum’ in the first quarter this year,” added Mr. Segal..