Summary
AVNT Chart
Avant Brands Announces 30:1 Share Consolidation
KELOWNA, BC / ACCESSWIRE / August 27, 2024 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company"), a leading producer of innovative and award-winning cannabis products, announces that it will consolidate its outstanding common shares on the basis of thirty (30) existing common shares for one (1) new common share of the Company (the "Consolidation"). In accordance with the articles of the Company, the Consolidation has been approved by the board of directors (the "Board") of the Company, and shareholder approval is not required.
Avant Brands Closes $3.9 Million Offering of Unsecured Convertible Debenture Units
KELOWNA, BC / ACCESSWIRE / July 29, 2024 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company"), a leading producer of innovative and award-winning cannabis products, is pleased to announce that it has closed its non-brokered private placement (the "Offering") in the amount of $3,900,000 priced at a price of $1,000 per unsecured convertible debenture unit through the issuance of 3,900 unsecured convertible debenture units (the "Convertible Debenture Units"). The net proceeds raised from the Offering are expected to be used to repay existing indebtedness.
Avant Brands Announces $3.9 Million Private Placement of Unsecured Convertible Debenture Units
KELOWNA, BC / ACCESSWIRE / July 16, 2024 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company"), a leading producer of innovative and award-winning cannabis products, today announced the terms of the proposed non-brokered private placement of unsecured convertible debenture units (the "Convertible Debenture Units") at a price of $1,000 per Convertible Debenture Unit (the "Purchase Price") for gross proceeds of up to $3,900,000 (the "Private Placement"). Each Convertible Debenture Unit will be comprised of (i) $1,000 principal amount (the "Principal Amount") of senior unsecured convertible debentures (the "Convertible Debentures") of the Company and (ii) 10,000 common share purchase warrants (the "Warrants") of the Company.
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Avant Brands Inc. Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Norton Singhavon CEO | NEO-L Exchange | CA05353D2023 ISIN |
| CA Country | 180 Employees | - Last Dividend | 30 Aug 2024 Last Split | - IPO Date |
Overview
Avant Brands Inc. is a Canadian company, located in Kelowna, that operates in the cannabis industry, focusing on the cultivation, production, and marketing of cannabis products. Initially known as GTEC Holdings Ltd., the company underwent a rebranding to Avant Brands Inc. in July 2021. Its operations span both medical and recreational cannabis sectors, distributing products through various sales channels including medical facilities, recreational dispensaries, and an e-commerce website to cater to a wide array of customer needs.
Products and Services
- BLK MKT: This premium cannabis brand is tailored for the connoisseur market, promising high-quality and unique strains that aim to provide an unparalleled cannabis experience.
- Tenzo: A brand that specializes in artisanal cannabis strains, Tenzo offers a curated selection of products designed for those who appreciate the art behind cannabis cultivation and production.
- GreenTec: Focused on delivering therapeutic cannabis solutions, GreenTec is aimed at the medical cannabis market, providing products that are both reliable and of high quality for patients.
- cognoscente: Catering to the knowledgeable cannabis user, cognoscente brings to market a range of products that boast superior quality and efficacy, positioning itself as a top-choice for the discerning consumer.
- Treehugger: This brand takes a more environmental approach to cannabis production, targeting customers who value sustainability alongside quality in their cannabis products.
- Pristine: As the name suggests, Pristine offers cannabis products that focus on purity and premium quality, directed at users who prioritize unblemished quality in their consumption choices.
- Flowr: A brand with a broad appeal, Flowr provides a diverse range of cannabis products that serve both recreational and medicinal purposes, designed to meet various user preferences and needs.
