AVANT BRANDS INC (AVNT.CA) Stock News

International Expansion Still Major Growth Driver For Canadian Cannabis Co. Avant, Reports 4% YoY Increase In Q2 Net Revenue

Cannabis producer Avant Brands Inc. reported on Monday its financial results for the second quarter ended May 31, 2024. The Kelowna, British Columbia-based company said in a press release that it has achieved "significant financial milestones driven by strategic international expansion and operational improvements." Gross revenue increased by 5% reaching CA$9.4 million compared to the second quarter of 2023, while net revenue rose by 4% over the same period to CA$8.3 million, demonstrating sustained growth driven by robust international demand. International sales rose 26% year-over-ye

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International Expansion Drives Growth For This Canadian Cannabis Producer As It Reports Record Q1 Revenue

Canadian cannabis producer Avant Brands Inc reported on Monday its financial results for the first quarter that ended Feb. 29, 2024. For the quarter, Avant Brands reported "records across key financial metrics, underscoring the company's commitment to operational excellence," according to a Monday press release. International sales hit a record of CA$3.3 million, representing a 21% year-over-year increase, with sales accounting for 37% of total gross revenue. The company attributed the growth to its aggressive market penetration in "key regions," including Australia, Germany and Israel.

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Avant Brands Announces Change of Auditor

KELOWNA, BC / ACCESSWIRE / July 26, 2022 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company"), a leading producer of premium handcrafted cannabis products, announces that it has changed its auditor from Manning Elliott LLP (the "Former Auditor") to Ernst & Young LLP (the "Successor Auditor"). The Company decided to change its auditor effective July 26, 2022 and the board of directors of the Company (the "Board") appointed the Successor Auditor on July 26, 2022, until the close of the next annual meeting of the shareholders of the Company or until its successor is appointed.

Avant Brands Announces Timing of Release of Q2 2022 Results and Conference Call

KELOWNA, BC / ACCESSWIRE / June 28, 2022 / Avant Brands Inc. (TSX:AVNT) (OTCQX:AVTBF) (FRA:1BU0) ("Avant" or the "Company"), an award-winning leading producer of handcrafted, high quality cannabis products, announced today that it intends to release its financial and operating results for the second quarter ended May 31, 2022, after the close of the Toronto Stock Exchange on Wednesday, July 13, 2022.