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Avant Brands Inc. - $AVTBF STOCK NEWS

Welcome to our dedicated page for Avant Brands news (Ticker: $AVTBF), a resource for investors and traders seeking the latest updates and insights on Avant Brands stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Avant Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Avant Brands's position in the market.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
Tags
private placement
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Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
none
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Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.23%
Tags
management
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
none
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Rhea-AI Summary
Avant Brands Inc. issues a correction regarding their non-brokered private placement, clarifying the structure of each Unit and the use of proceeds. The Offering aims to raise up to $3,888,888 for general working capital purposes, with a lead order of $600,000 from an existing strategic investor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
none
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Rhea-AI Summary
Avant Brands Inc. announces a non-brokered private placement to raise up to $3,888,888 million in gross proceeds for its cannabis products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.68%
Tags
none
Rhea-AI Summary
IM Cannabis Corp. and Avant Brands Inc. sign a Licensing Agreement for the BLK MKT brand in the German medical cannabis market, aiming to capitalize on the recent legalization in Germany. The agreement enhances IMC's premium strategy in Germany and Israel, leveraging Avant's innovative cannabis products. IMC Germany, a subsidiary of IM Cannabis Corp., will exclusively utilize Avant's BLK MKT brand on medical cannabis products cultivated by Avant for the German market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
none
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Rhea-AI Summary
Avant Brands Inc. and IM Cannabis Corp. sign an International Trademark Licensing Agreement for Avant's BLK MKT brand in the German cannabis market. The collaboration aims to leverage Avant's premium cannabis flower with IMC's sales and marketing strategies to capitalize on the growing German medical cannabis market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
partnership
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Rhea-AI Summary
Avant Brands Inc. welcomes Ms. Sukhie Chahal as Vice President of Revenue Strategy, bringing her expertise from Canopy Growth Corp. Avant aims to optimize domestic channels and expand internationally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.88%
Tags
management
Rhea-AI Summary
Avant Brands Inc. announced a Cultivar Supply Agreement with 1183279 B.C. to enhance its cannabis product portfolio. The agreement provides Avant with exclusive access to unique cultivars, expanding its market reach. Avant will receive a minimum of 30 cultivars, with exciting offerings like PB Souffle x Frozen White Truffle and Blue Pave. The agreement involves the issuance of 4.5 million Avant Shares to the Consultant. This strategic partnership aims to drive international growth and solidify Avant's position in the cannabis industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
none
Avant Brands Inc.

OTC:AVTBF

AVTBF Rankings

AVTBF Stock Data

18.19M
221.91M
19.97%
Medicinal and Botanical Manufacturing
Manufacturing
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United States of America
Kelowna