Avant Brands Inc. Announces Voting Results From 2022 Annual General and Special Meeting of Shareholders

Rhea-AI Summary

Avant Brands Inc. (OTCQX:AVTBF) held its annual general and special meeting on May 26, 2022, with 26,483,507 shares (13.15%) represented. All six director nominees were elected, with votes ranging from 80.30% to 81.97% in favor. Manning Elliott LLP was re-appointed as auditor with 99.57% approval. Shareholders approved amendments to the deferred share unit plan, a long-term incentive plan, and unallocated awards. Avant is a leading cannabis producer based in Kelowna, BC, with a focus on high-quality products across recreational and medical markets.

Positive

• All six director nominees were elected with significant majority support ranging from 80.30% to 81.97%.
• Manning Elliott LLP was re-appointed as auditor with a strong approval rate of 99.57%.
• Shareholder approval of amendments to the deferred share unit plan and the long-term incentive plan indicates strong investor confidence.

Negative

• None.

KELOWNA, BC / ACCESSWIRE / May 26, 2022 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company"), an award-winning leading producer of handcrafted, high quality cannabis products, held its annual general and special meeting of shareholders of the Company (the "Shareholders") on May 26, 2022 (the "Meeting").

26,483,507 of the Company's issued and outstanding common shares representing 13.15% of the shares of the Company were represented in person or by proxy at the Meeting. The complete voting results from the Meeting are as follows:

1. Election of Directors

Each of the six (6) nominees listed in the management information circular of the Company dated April 18, 2022 (the "Circular") were elected to hold office until the next annual meeting of Shareholders or until his or her successor is duly elected or appointed. Proxies were tabulated as follows:

Name of Nominee	Votes FOR	% Votes FOR	Votes WITHHELD	% Votes WITHHELD
Jurgen Schreiber	21,706,561	81.96%	4,776,946	18.04%
Norton Singhavon	21,709,688	81.97%	4,773,819	18.03%
Michael Blady	21,659,813	81.79%	4,823,694	18.21%
Derek Sanders	21,705,588	81.96%	4,777,919	18.04%
Ruairi Twomey	21,291,788	80.40%	5,191,719	19.60%
Duane Lo	21,265,786	80.30%	5,217,721	19.70%

2. Appointment of Auditor

Manning Elliott LLP was re-appointed as auditor of the Company until the close of the next annual meeting of Shareholders at a remuneration to be fixed by the Board of Directors of the Company. Proxies were tabulated as follows:

Votes FOR	% Votes FOR	Votes WITHHELD	% Votes WITHHELD
26,369,403	99.57%	114,104	0.43%

3. Amendments to the Deferred Share Unit Plan

The Shareholders approved certain amendments to the Company's deferred share unit plan, including any previous grants of deferred share units and all unallocated awards issuable thereunder, as more fully described in the Circular. Proxies were tabulated as follows:

Votes FOR	% Votes FOR	Votes WITHHELD	% Votes WITHHELD
21,563,693	81.42%	4,919,814	18.58%

4. Long Term Incentive Plan

The Shareholders approved the adoption of the Company's long term incentive plan and all unallocated awards issuable thereunder, as more fully described in the Circular. Proxies were tabulated as follows:

Votes FOR	% Votes FOR	Votes WITHHELD	% Votes WITHHELD
21,589,241	81.52%	4,894,266	18.48%

About Avant Brands Inc.

Avant is an innovative, market-leading premium cannabis company. Avant has multiple licensed and operational production facilities across Canada, which produce high-quality, handcrafted cannabis products for our highly desired, and award-winning consumer brands, sold across both recreational and medical channels.

Avant's recreational consumer brands include: BLK MKT™, Tenzo™, Cognōscente™ and Treehugger™, all produced from rare and exceptional cultivars, and sold in British Columbia, Ontario, Saskatchewan, Manitoba, New Brunswick, and the Yukon. The Company's medical cannabis brand, GreenTec™, is distributed nationwide, directly to qualified patients through its GreenTec Medical portal, and through various medical cannabis partners.

Avant is a publicly traded corporation listed on the Toronto Stock Exchange (TSX:AVNT), and cross-trades on the OTCQX Best Market (OTCQX:AVTBF) and Frankfurt Stock Exchange (FRA:1BU0). The Company is headquartered in Kelowna, British Columbia and has operations in British Columbia, Alberta and Ontario.

To learn more about Avant, to access the investor presentation, or learn more about its consumer brands, please visit www.avantbrands.ca.

For additional information, please contact:
Investor Relations at Avant Brands Inc.
1-800-351-6358
ir@avantbrands.ca

SOURCE: Avant Brands, Inc.

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FAQ

What were the voting results for the directors at Avant Brands Inc.'s 2022 AGM?

All six director nominees were elected with approval percentages ranging from 80.30% to 81.97%.

What percentage of shares were represented at Avant Brands Inc.'s AGM on May 26, 2022?

26,483,507 shares were represented, accounting for 13.15% of the company's total shares.

Who was re-appointed as auditor during Avant Brands Inc.'s 2022 AGM?

Manning Elliott LLP was re-appointed as auditor with 99.57% of the votes in favor.

What approvals were received regarding Avant Brands Inc.'s share unit plans?

Shareholders approved amendments to the deferred share unit plan and the adoption of a long-term incentive plan.