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Avant Brands Inc. reports developments tied to its premium cannabis business, including recreational, medical, domestic wholesale, and export markets. The company markets consumer brands such as blk mkt™, Tenzo™, Cognōscente™, flowr™, and Treehugger™ in Canada, serves medical cannabis patients through an Avant medical cannabis brand, and maintains international market exposure in Australia, Israel, and Germany.
Recurring updates include quarterly and annual financial results, performance of branded flower and pre-roll products, production and distribution activity, capital-structure actions, shareholder meetings, and governance matters such as its shareholder rights plan. Avant is publicly traded on the Toronto Stock Exchange, the OTCQX Best Market, and the Frankfurt Stock Exchange.
Avant Brands (OTCQX:AVTBF) completed a full LED lighting retrofit at its 80,000 sq ft Flowr cultivation facility in Kelowna, B.C., replacing all high-pressure sodium fixtures in flower rooms with above- and below-canopy LEDs. The project, mobilized in late 2025 and fully commissioned by March 2026, had an actual cost of about $1.93 million, more than 28% below the original $2.70 million estimate. Up to $2 million in Government of British Columbia energy-efficiency incentives will offset most of the capital outlay, with 90% tied to completion and 10% pending measurement and verification. Metered data show year-over-year reductions in electricity use and peak demand, and the upgrade is expected to avoid up to 36 tonnes of CO₂e emissions annually while supporting long-term margin improvement.
Avant Brands (OTCQX:AVTBF) reported Q2 2026 results for the quarter ended May 31, 2026. Gross revenue was $9.2 million (-5% vs. Q2 2025) and net revenue was $7.8 million (-8%), while recreational revenue rose 31% to $3.8 million. Export wholesale revenue declined 29% to $2.9 million and domestic wholesale fell 16% to $1.1 million. Gross profit improved to $0.2 million from a $0.2 million gross loss a year earlier, but Adjusted EBITDA turned to a loss of $1.2 million from a $1.2 million profit.
According to Avant, cash increased to $3.3 million from $1.5 million at fiscal 2025 year-end, supported by $1.7 million in operating cash flow over six months and a $1.8 million government grant for LED upgrades at the Flowr facility. Total interest-bearing debt has been reduced over 24 months from about $8.1 million to $1.03 million. Q2 cannabis production was 2,850 kg (-14%) due to scheduled downtime for infrastructure upgrades, while 4,576 kg were sold. Year-to-date, gross revenue was $17.5 million (-10%) and recreational revenue grew 34% to $7.6 million.
Avant Brands (OTCQX:AVTBF) reported results from its May 4, 2026 annual general and special meeting. A total of 4,135,344 common shares were represented, equal to 27.85% of issued shares. All five director nominees were elected with 97.84% votes FOR each.
Ernst & Young LLP was re-appointed auditor and the Company's shareholder rights plan was approved. Full voting details were filed on SEDAR+.
Avant Brands (OTCQX:AVTBF, TSX:AVNT) will hold its annual general and special meeting of shareholders on May 4, 2026 at 1:00 p.m. PDT in Kelowna, British Columbia. Shareholders of record on March 25, 2026 are eligible to vote.
The notice of meeting and management information circular are available on Avant Brands' website and on SEDAR+; mailed materials were also sent to shareholders. The Circular details voting procedures and meeting items.
Avant Brands (OTCQX:AVTBF) reported Q1 2026 results with gross revenue $8.4M (-14%) and net revenue $7.1M (-18%). Recreational revenue grew 37% to $3.9M, while export wholesale fell 67% and domestic wholesale rose 74%.
Gross profit declined to $0.1M from $1.6M and Adjusted EBITDA was negative $0.7M versus positive $1.7M a year earlier. Production was 3,006 kg (-10%) and sales 2,357 kg (-30%). Subsequent actions include a $1.77M partial extinguishment of Convertible Debenture B and reclaiming blk mkt trademark rights in Europe effective May 31, 2026.
Avant Brands (OTCQX:AVTBF) has issued a formal termination of its Trademark Licensing Agreement with Adjupharm, reclaiming blk mkt™ trademark and distribution rights in Germany and Switzerland effective May 31, 2026.
The company said Germany is its largest international export market (Fiscal 2025) and that it has sufficient supply capacity to support an immediate operational transition while it vets new distribution partners.
Avant Brands (OTCQX:AVTBF) entered a debt settlement to retire $1,776,500 of its unsecured convertible debenture by issuing 1,900,000 Units at a deemed price of $0.935 per Unit. The Transaction reduces outstanding debenture principal to ~$900,000 and follows prior repayment of a $9.5M secured debenture. Each Unit includes one share and one-half warrant (one full warrant exercisable at $0.935 for five years). The Creditor agreed to a 19.99% beneficial ownership cap. Closing is expected in March 2026 and remains subject to TSX final approval and a statutory four-month hold period.
Avant Brands (OTCQX:AVTBF) reported audited FY2025 results for the year ended Nov 30, 2025. Key outcomes: gross revenue $41.3M, net revenue $35.9M, net recreational revenue $14.8M (+19%), gross profit $4.6M (improvement of $6.3M), and operating cash flow $5.7M. The company repaid ~$4.5M of debt and fully retired a $9.5M secured convertible debenture. Export volumes exceeded 5,000 kg, with Germany >3,000 kg. Management outlines FY2026 priorities: yield and margin expansion, international growth, and targeted debt reduction.
Avant Brands (OTCQX:AVTBF, TSX:AVNT) said it will release its fiscal 2025 fourth quarter and full year results before market open on Monday, March 2, 2026. Financial results and accompanying materials will be posted on SEDAR+ and the company Investor section.
Avant Brands (OTCQX:AVTBF) announced that its board approved a Shareholder Rights Plan effective January 9, 2026, executed with Computershare as rights agent.
The plan is intended to give the Board and shareholders time to consider unsolicited take-over bids, to allow the Board to solicit and negotiate value-enhancing alternatives, and to encourage bidders to provide full and fair value. The company says the plan is similar to modern Canadian rights plans and was not adopted in response to any specific proposal.
The Toronto Stock Exchange has conditionally accepted the plan, subject to customary conditions including ratification by Avant shareholders at the annual meeting in May 2026; if ratified the plan will remain in effect for three years following ratification. A copy of the plan will be posted on SEDAR+ and the company website.