Avant Brands Inc. Announces Voting Results From 2024 Annual General Meeting of Shareholders
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.
- Election of six directors confirms leadership continuity.
- Ernst & Young LLP reappointed as auditor, ensuring consistent financial oversight.
- 14.08% of total shares represented at the meeting, indicating shareholder engagement.
- Only 14.08% of total shares were represented, which could indicate low shareholder participation.
- Michael Blady's decision not to stand for re-election could signify internal issues or changes in the board’s dynamics.
KELOWNA, BC / ACCESSWIRE / May 30, 2024 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company"), a leading producer of innovative and award-winning cannabis products, held its annual general meeting of shareholders of the Company (the "Shareholders") on May 30, 2024 (the "Meeting").
40,063,347 of the Company's issued and outstanding common shares, representing
The complete voting results from the Meeting are as follows:
1. Election of Directors
Each of the six nominees listed in the management information circular of the Company dated April 15, 2024 (the "Circular") were elected to hold office until the next annual meeting of Shareholders or until their successor is duly elected or appointed. Proxies were tabulated as follows:
![](https://www.accesswire.com/imagelibrary/97da35bd-b1f7-47ba-ac59-aea275bb30f5/869814/avant1.png)
2. Appointment of Auditor
Ernst & Young LLP was re-appointed as auditor ("Auditor") of the Company for the ensuing year at a remuneration to be fixed by the Company's Board of Directors. Proxies were tabulated as follows:
![](https://www.accesswire.com/imagelibrary/39df1b22-25d4-4d31-ad09-09256f229bda/869814/avant2.png)
About Avant Brands Inc.
Avant is an innovative, market-leading premium cannabis company. Avant has multiple operational production facilities across Canada, which produce high-quality, handcrafted cannabis products based on unique and exceptional cultivars.
Avant offers a comprehensive product portfolio catering to recreational, medical, and export markets. Our renowned consumer brands, including BLK MKT™, Tenzo™, Cognōscente™, flowr™ and Treehugger™, are available in key recreational markets across Canada. Avant's products are distributed globally to Australia, Israel and Germany, with its flagship brand BLK MKT™ currently being sold in Israel. Additionally, Avant's medical cannabis brand, GreenTec™, serves qualified patients nationwide through its GreenTec Medical portal and trusted medical cannabis partners.
Avant is a publicly traded corporation listed on the Toronto Stock Exchange (TSX: AVNT) and accessible to international investors through the OTCQX Best Market (OTCQX: AVTBF) and Frankfurt Stock Exchange (FRA: 1BU0). Headquartered in Kelowna, British Columbia, Avant operates in strategic locations, including British Columbia, Alberta, and Ontario.
For more information about Avant, including access to investor presentations and details about its consumer brands, please visit www.avantbrands.ca.
For further inquiries, please contact:
Investor Relations at Avant Brands Inc.
1-800-351-6358
ir@avantbrands.ca
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements relating to Avant Brands Inc.'s future performance, growth prospects, strategic initiatives, and anticipated outcomes. Forward-looking statements are often identified by terms such as 'may', 'will', 'should', 'expect', 'anticipate', 'could', 'intend', 'target', 'project', 'estimate', 'believe', 'predict', 'potential', 'plan', 'objective', 'contemplate', 'seek', 'aim', 'continue', 'budget', 'forecast', 'projections', 'outlook', 'strategy', 'priority', 'goal', 'aim', 'pursue', 'on track', 'initiative', 'expand', 'maintain', 'monitor' and similar expressions or their negatives.
These forward-looking statements are based on certain assumptions, including but not limited to the current regulatory environment, market conditions, and Avant Brands Inc.'s business strategies. However, forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those anticipated in such statements. These risks and uncertainties include, but are not limited to, changes in consumer preferences, regulatory changes, market competition, and the impact of geopolitical events.
Readers are cautioned that the foregoing list of assumptions, risks, and uncertainties is not exhaustive. Forward-looking statements are inherently uncertain and may not prove to be accurate. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur.
The forward-looking statements contained in this press release are made as of the date of this release, and Avant Brands Inc. undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.
SOURCE: Avant Brands Inc.
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