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. 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 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.
Avant Brands reported record gross revenues of $11 million for fiscal 2021, a 25% increase from the previous year. Recreational cannabis sales rose by 29% to $7.8 million, signaling strong demand for the company's products. Despite these gains, the company experienced a $5.4 million net loss and an adjusted EBITDA loss of $1.6 million. Operating expenses surged by 46%, attributed to non-recurring costs. The company maintained a robust capital position with $14.3 million in cash and zero debt.
Avant Brands Inc. (OTCQX:AVTBF) has launched its first premium concentrate, BLK MKT™ Peanut Butter Mac Live Rosin, in Ontario, following extensive R&D. The product is solventless, cold-cured, and produced from high-quality cannabis. It achieved significant sales, becoming the top-selling live rosin product in Ontario within its first two weeks. Additionally, the company introduced a new flavour of its Tenzo™ 510 Thread Cartridge, Wedding Crasher, known for its unique blend of terpenes and high-quality materials. Both products are currently available for purchase in Ontario.
Avant Brands Inc. (OTCQX: AVTBF) will release its financial results for the year ended November 30, 2021, on February 24, 2022, after the market closes. A management conference call is scheduled for February 25, 2022, at 1 PM PT (4 PM ET). The company, known for its premium cannabis products, operates across Canada and markets several consumer brands in both recreational and medical sectors. Avant is headquartered in Kelowna, BC, and is publicly traded on the TSX under the symbol AVNT.
Avant Brands Inc. (TSX:AVNT, OTCQX:AVTBF) announces the launch of TreeHugger™, a new cannabis brand aimed at eco-conscious consumers. This brand features premium, certified organic cannabis products, starting with a 10-joint pre-roll multipack. TreeHugger™ emphasizes environmentally friendly practices, including sustainable packaging and partnerships for reforestation efforts. For each case sold, Avant will contribute to tree planting through One Tree Planted in affected provinces. The product is currently available in Ontario, with plans for further expansion.
OTC Markets Group Inc. has announced that Avant Brands Inc. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market. This upgrade allows Avant to showcase its brand portfolio and increase visibility among U.S. investors. Trading begins today under the symbol AVTBF. The OTCQX is designed for established companies meeting high financial standards and corporate governance compliance. Avant produces high-quality cannabis products and operates multiple facilities across Canada.