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.
Avant Brands Reports Continued Growth in Q2 2024 Financial Results
Record Gross Revenue: Generated $9.4 million in gross revenue, establishing a new company record. Strong International Growth: International sales rose 26% to reach a record $3.7 million, now representing 45% of net revenue.
Avant Brands Announces Closing of Non-Brokered Private Placement
KELOWNA, BC / ACCESSWIRE / June 4, 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, subject to the approval of the Toronto Stock Exchange (the "TSX"), it has closed its non-brokered private placement (the "Offering") in the amount of $2,393,333.78 priced at $0.085 per unit (each a "Unit") through the issuance of 28,156,868 Units. Each Unit consists of one common share (a "Share") and one-half of one common share purchase warrant (each whole warrant a "Warrant").
