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Avant Brands Inc - AVTBF STOCK NEWS

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

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 Inc. (AVTBF) to release financial and operating results for the year ended November 30, 2023, on February 28, 2024. Conference call scheduled for February 29th, 2024, at 1 PM PT (4 PM ET).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.61%
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none
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Rhea-AI Summary
Avant Brands Inc. announces the execution of four new cannabis export agreements, bringing the total to 11 active export agreements in Israel, Australia, and Germany. The company is also pursuing international trademark licensing agreements to create an incremental revenue stream. Avant's CEO expresses confidence in the ongoing growth of international cannabis markets and gratitude for client support. The company confirms it is not part of an anti-dumping investigation in Israel and emphasizes its commitment to distributing premium quality flower at premium prices. Avant's export sales are current, with no bad debts as of the release date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
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none
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Rhea-AI Summary
Avant Brands Inc. reports strong financial results for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7%
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Rhea-AI Summary
Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) plans to release its Q3 2023 financial and operating results on October 16, 2023, after the close of the Toronto Stock Exchange. A conference call with management will be held on October 17, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.37%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.97%
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Rhea-AI Summary
Avant Brands Inc, a leading producer of innovative premium cannabis products, reported record gross revenues of $9.0 million in Q2 2023, a 101% increase compared to Q2 2022. The company also achieved positive adjusted EBITDA of $1.1 million and positive cash flow from operations of $2.1 million. Avant's gross margin increased to 34% and it sold a total of 2,676 kg of cannabis, a 182% increase. The company had approximately $0.8 million in cash and $16.7 million in working capital at the end of Q2 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.97%
Tags
Rhea-AI Summary
Avant Brands Inc., a leading producer of innovative cannabis products, will release its financial and operating results for Q2 2023 on July 17. A conference call with management will be held on July 18.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
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Rhea-AI Summary
Avant Brands Inc. held its annual general meeting of shareholders. All six nominees for the board of directors were elected. Ernst & Young LLP was re-appointed as auditor for the Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
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management
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.82%
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Avant Brands Inc

OTC:AVTBF

AVTBF Rankings

AVTBF Stock Data

18.19M
221.91M
19.97%
Medicinal and Botanical Manufacturing
Manufacturing
Link
Canada
Kelowna