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.
Avant Brands Inc (AVTBF) is a globally recognized producer of premium craft cannabis, operating state-of-the-art facilities with ICANN-GAP and GACP certifications. This news hub provides investors, analysts, and industry professionals with centralized access to official announcements and strategic developments shaping the company's position in recreational, medical, and international cannabis markets.
Track critical updates including quarterly earnings reports, international licensing agreements, product innovations, and regulatory compliance milestones. Our curated collection ensures timely access to press releases detailing expansion initiatives, partnership announcements, and operational achievements across Avant Brands' diversified business segments.
Key focus areas include cultivation advancements, market entry strategies in regions like Europe and Australia, and quality control enhancements. This resource serves as an essential tool for monitoring the company's progress in executing its vertically integrated business model while maintaining premium product standards.
Bookmark this page for streamlined access to verified information directly impacting Avant Brands' market performance and long-term growth trajectory. Regularly updated content supports informed decision-making for stakeholders tracking the evolving cannabis sector.
Avant Brands (OTCQX: AVTBF) and IM Cannabis Corp. (NASDAQ: IMCC) have signed an international trademark licensing agreement allowing IMC exclusive rights to launch the BLKMKT brand in Israel's medical cannabis market. This agreement underlines the robust partnership between the two companies, enhancing IMC's premium product portfolio with Avant's high-quality strains. As part of their evolving collaboration, IMC aims to solidify its standing in the ultra-premium cannabis segment in Israel, catering to a growing demand for top-tier indoor cannabis products.
Avant Brands Inc. (TSX:AVNT, OTCQX:AVTBF, FRA:1BU0) announced plans to release its financial and operational results for Q3 2022, ending August 31, after the market close on October 12, 2022. A conference call is scheduled for October 13, 2022, at 1 PM PT (4 PM ET) to discuss the results. Avant, based in Kelowna, BC, is a leading producer of high-quality cannabis products, operating multiple facilities across Canada and distributing through various channels, including recreational and medical sales.
Avant Brands Inc. (OTCQX: AVTBF) has launched the Organic Sweet Fuel OG Flower & Pre-Rolls under its Treehugger™ product line at the Ontario Cannabis Store. This marks Treehugger™'s first whole flower product, following the success of its Organic King Tut pre-rolls. The eco-conscious line features premium, organically grown cannabis from British Columbia, focusing on sustainability with eco-friendly packaging options. Avant aims to lead in environmentally sound practices in the cannabis market, including planting one tree for each master case sold.
Avant Brands Inc. (TSX:AVNT, OTCQX:AVTBF) announced its largest product launch to date, debuting 11 new SKUs across Ontario. This expansion includes innovative products under popular brands such as BLKMKT™, Tenzo™, Cognōscente™, and Treehugger™. The company aims to meet rising consumer demand following previous successful releases. Products range from high-THC live rosins to premium craft offerings, emphasizing quality and unique flavor profiles. CEO Norton Singhavon expressed commitment to delivering premium cannabis experiences.
Avant Brands Inc. has announced a change of auditor from Manning Elliott LLP to Ernst & Young LLP, effective July 26, 2022. The decision was approved by the Company’s board and audit committee, with no reservations or modified opinions reported by the former auditor. This change ensures compliance with National Instrument 51-102 regarding continuous disclosure obligations. Avant Brands operates multiple licensed production facilities across Canada, producing premium cannabis products for both recreational and medical markets.
Avant Brands reported a record revenue of $9 million for H1 2022, a 77% increase from H1 2021. The company saw its recreational cannabis sales reach $5.6 million, up 44%. With a strong cash position of $9 million and no long-term debt, Avant continues to expand production, increasing total output by 58% to 2,556 kg. Despite these achievements, the company reported a net loss of $5.5 million, influenced by non-cash items like share-based compensation. Overall, these results position Avant for future growth opportunities.
Avant Brands Inc. (OTCQX: AVTBF) is set to release its Q2 2022 financial results on July 13, 2022, after the Toronto Stock Exchange closes. A management conference call will follow on July 14, 2022, at 1 PM PT (4 PM ET). Avant, a notable cannabis producer, operates multiple facilities in Canada and offers various award-winning consumer brands including BLK MKT and GreenTec. The company is actively engaged in both recreational and medical cannabis markets, aiming to enhance its market presence and operational capabilities.
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.
Avant Brands Inc. (OTCQX: AVTBF) reported a record gross revenue of $4.6 million for Q1 2022, marking a 107% increase year-over-year and a 67% increase quarter-over-quarter. The company achieved a 25% rise in recreational cannabis sales, reaching $2.5 million, and maintained a strong cash position of $11.7 million with no debt. Positive adjustments in operational cash flow and improved margins indicate a solid demand for Avant's premium cannabis products, especially with a 52% gross margin excluding concentrates.
Avant Brands Inc. (OTCQX:AVTBF) plans to release its financial and operational results for Q1 ending February 28, 2022, after the market closes on April 13, 2022. A conference call will follow on April 14, 2022, at 1 PM PT (4 PM ET). This Canadian cannabis company boasts multiple licensed production facilities, offering high-quality products across recreational and medical channels under well-known brands such as BLK MKT™, Tenzo™, and GreenTec™. Avant is publicly traded on multiple exchanges, including the Toronto Stock Exchange.
FAQ
What is the current stock price of Avant Brands (AVTBF)?
What is the market cap of Avant Brands (AVTBF)?
