AVANT BRANDS INC - AVTBF STOCK NEWS

Avant Brands Inc. has entered an exclusive trademark licensing agreement with Nectar Portfolio Pty to introduce its BLK MKT™ brand to the Australian medical cannabis market. This expands Avant's global footprint, with BLK MKT™ now available in Canada, Australia, Germany, Israel, and Switzerland, reaching a combined population of about 127 million.

Key highlights include:

• Nectar's exclusive rights to market, sell, and distribute BLK MKT™ dried cannabis flower in Australia for two years
• Products will be cultivated by Avant in Canada, meeting Australian medicinal cannabis standards
• Avant will receive its standard international sales price plus a royalty fee on Nectar's net sales

This partnership is expected to generate incremental revenue growth for Avant Brands and establish BLK MKT™ as a leading global cannabis brand.

Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) has announced a 30:1 share consolidation effective August 30, 2024. The consolidation, approved by the board of directors, will reduce the company's outstanding common shares from 316,342,373 to approximately 10,544,745. No shareholder approval is required. Fractional shares will be rounded up or down based on a 0.5 threshold. Registered shareholders will receive instructions for exchanging their shares, while those holding shares through brokers need not take action. The company's warrants, options, and convertible securities will be adjusted proportionately. Trading on the TSX under the new ISIN CA05353D2023 and CUSIP 05353D202 is expected to commence on the effective date, subject to regulatory approvals.

Avant Brands (TSX:AVNT)(OTCQX:AVTBF) has successfully closed a $3.9 million non-brokered private placement of unsecured convertible debenture units. Each unit, priced at $1,000, comprises a $1,000 principal amount convertible debenture and 10,000 common share purchase warrants. The debentures are convertible at $0.10 per share and bear a 10% annual interest rate. Warrants are exercisable at $0.10 per share for 48 months. The company plans to use the proceeds to repay existing debt. CEO Norton Singhavon views this as a significant milestone, potentially enabling expansion into international markets and accelerating growth.

Avant Brands (TSX:AVNT)(OTCQX:AVTBF) has announced a $3.9 million private placement of unsecured convertible debenture units. Each unit, priced at $1,000, includes a $1,000 principal amount convertible debenture and 10,000 warrants. The debentures are convertible into shares at $0.10 per share, while warrants are exercisable at $0.10 for 48 months.

Key features include:

• 10% annual interest rate, paid quarterly
• 6.25% of principal repaid quarterly
• 4-year maturity
• 9.99% beneficial ownership limit for the subscriber

The placement is expected to close around July 19, 2024, with proceeds used to repay existing debt. The deal is subject to TSX approval.

Avant Brands (TSX:AVNT)(OTCQX:AVTBF) reported record financial results for Q2 2024, ending May 31. Highlights include:

- Record gross revenue of $9.4 million, up 5% year-over-year
- Record net revenue of $8.3 million, up 4%
- International sales reached a record $3.7 million, up 26%, now 45% of net revenue
- Record Cash Flow from Operations of $4.6 million
- Record Adjusted Net Income of $1.4 million
- Adjusted EBITDA of $2.8 million, with a 34% margin

The company's success is driven by strong international demand for premium cannabis products, particularly in Australia, Germany, and Israel. Avant has executed 9 new international agreements in fiscal 2024, expanding into European markets like Poland, UK, and Czech Republic.

Avant Brands announced the closing of a non-brokered private placement, raising $2,393,333.78 through the issuance of 28,156,868 units at $0.085 per unit. Each unit includes one common share and a half warrant, allowing the purchase of another share at $0.12 within 36 months. Finders' fees totaled $13,600 and 160,000 non-transferable warrants. Proceeds will support working capital and corporate activities. Related parties, including CEO Norton Singhavon and CFO Jeremy Wright, contributed $817,500. The offering awaits final approval from the TSX and securities are subject to a four-month resale restriction.

Avant Brands announced the results of its 2024 Annual General Meeting held on May 30, 2024. A total of 40,063,347 shares, representing 14.08% of the total issued and outstanding common shares, were represented at the meeting. The election of six directors and the reappointment of Ernst & Young LLP as the company's auditor were confirmed. Notably, Michael Blady, previously listed for reappointment, chose not to stand for re-election. Key decisions made included the election of six directors and the reappointment of Ernst & Young LLP as the company’s auditor.

Avant Brands Inc., a leading cannabis products producer, announces the departure of Chief Operating Officer David Lynn, effective July 5, 2024. Mr. Lynn played a important role in the Company's growth, overseeing operations, sales, and team development. Avant expresses gratitude for his contributions and is confident in the leadership team's ability to continue driving innovation and growth. The Board of Directors also confirms that Mr. Michael Blady will not seek re-election at the upcoming Annual General Meeting.

Avant Brands Inc (AVTBF) reports record Q1 net revenue, outperforming revenue guidance. Gross revenue reached $8.9 million, surpassing the $8.2-$8.7 million range. Net revenue increased by 15% to $8.1 million, with international sales surging by 21% to $3.3 million. The company achieved a record Adjusted EBITDA of $3.8 million, marking a substantial growth of 120%. Avant Brands demonstrated significant margin improvement, enhanced profitability, and sustained results in Q1 2024.