Teavana Responds to Glaucus Report: Says Teas Are Safe, Highest Quality
Teavana Holdings, Inc. (NYSE: TEA) today issued the following statement in response to allegations made by certain short sellers:
Teavana's teas undergo rigorous third-party testing on each batch of teas based on international food safety standards including European Union regulations, which are widely considered to be the most stringent in the world.
Consistent with that, the Company has established internal procedures and comprehensive third party testing to ensure all tea is safe and within those guidelines.
Teavana refutes the report's conclusions. The group that published the report is a short-seller and may benefit financially from the allegations in the report.
Teavana's teas are safe and of the highest quality.
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