Reported Earnings • Apr 16
First quarter 2026 earnings released: CA$0.30 loss per share (vs CA$0.086 loss in 1Q 2025) First quarter 2026 results: CA$0.30 loss per share (further deteriorated from CA$0.086 loss in 1Q 2025). Revenue: CA$7.06m (down 18% from 1Q 2025). Net loss: CA$3.43m (loss widened 273% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Announcement • Mar 27
Avant Brands Inc., Annual General Meeting, May 04, 2026 Avant Brands Inc., Annual General Meeting, May 04, 2026. Location: british columbia, kelowna Canada New Risk • Mar 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Market cap is less than US$10m (CA$9.73m market cap, or US$7.10m). Minor Risk Significant insider selling over the past 3 months (CA$221k sold). New Risk • Mar 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (CA$9.18m market cap, or US$6.74m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Recent Insider Transactions Derivative • Mar 08
Founder exercised options to buy CA$373k worth of stock. On the 4th of March, Norton Singhavon exercised options to buy 472k shares at a strike price of around CA$0.74, costing a total of CA$350k. This transaction amounted to 68% of their direct individual holding at the time of the trade. Since March 2025, Norton's direct individual holding has increased from 697.03k shares to 1.17m. Company insiders have collectively bought CA$393k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Mar 03
Full year 2025 earnings released: CA$0.88 loss per share (vs CA$2.30 loss in FY 2024) Full year 2025 results: CA$0.88 loss per share (improved from CA$2.30 loss in FY 2024). Revenue: CA$35.9m (flat on FY 2024). Net loss: CA$9.88m (loss narrowed 56% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Announcement • Feb 24
Avant Brands Inc. to Report Q4, 2025 Results on Mar 02, 2026 Avant Brands Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Mar 02, 2026 Reported Earnings • Oct 18
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CA$9.41m (up 11% from 3Q 2024). Net loss: CA$1.88m (loss narrowed 36% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (CA$8.29m market cap, or US$6.00m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • Jul 17
Second quarter 2025 earnings released: CA$0.38 loss per share (vs CA$0.40 loss in 2Q 2024) Second quarter 2025 results: CA$0.38 loss per share. Revenue: CA$8.50m (up 2.6% from 2Q 2024). Net loss: CA$4.10m (loss widened 9.9% from 2Q 2024). Announcement • Jun 25
Avant Brands Inc. Announces Resignation of Sylvia Lee from the Board of Directors Avant Brands Inc. announced that Ms. Sylvia Lee has made the decision to resign from the Company's Board of Directors. Ms. Lee has diligently served on the Board for more than four years and has been instrumental contributing her immense experience to Avant through key phases of growth and strategic transformation. Reported Earnings • Apr 14
First quarter 2025 earnings released: CA$0.086 loss per share (vs CA$0.32 loss in 1Q 2024) First quarter 2025 results: CA$0.086 loss per share (improved from CA$0.32 loss in 1Q 2024). Revenue: CA$8.60m (up 6.5% from 1Q 2024). Net loss: CA$921.0k (loss narrowed 67% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Announcement • Mar 24
Avant Brands Inc., Annual General Meeting, May 30, 2025 Avant Brands Inc., Annual General Meeting, May 30, 2025. Location: british columbia, kelowna Canada Reported Earnings • Mar 02
Full year 2024 earnings released: CA$2.30 loss per share (vs CA$0.61 loss in FY 2023) Full year 2024 results: CA$2.30 loss per share (further deteriorated from CA$0.61 loss in FY 2023). Revenue: CA$35.8m (up 36% from FY 2023). Net loss: CA$22.6m (loss widened 345% from FY 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. New Risk • Jan 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 18% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.7% per year over the past 5 years. Market cap is less than US$10m (CA$7.11m market cap, or US$4.93m). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Reported Earnings • Oct 16
Third quarter 2024 earnings released: CA$0.28 loss per share (vs CA$0.11 profit in 3Q 2023) Third quarter 2024 results: CA$0.28 loss per share (down from CA$0.11 profit in 3Q 2023). Revenue: CA$8.47m (up 30% from 3Q 2023). Net loss: CA$2.95m (down 416% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. New Risk • Sep 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.4m (US$9.23m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$12.4m market cap, or US$9.23m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Announcement • Jul 29
Avant Brands Inc. announced that it has received CAD 3.9 million in funding On July 29, 2024, Avant Brands Inc. closed the transaction. Reported Earnings • Jul 17
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CA$8.29m (up 3.8% from 2Q 2023). Net loss: CA$3.73m (loss widened CA$3.18m from 2Q 2023). Announcement • Jul 16
Avant Brands Inc. announced that it expects to receive CAD 3.9 million in funding Avant Brands Inc. announced a non-brokered private placement of 3,900 senior unsecured convertible debentures units at a price of CAD 1,000 per convertible debenture unit for gross proceeds of up to CAD 3,900,000 on July 16, 2024. Each convertible debenture unit will be comprised of CAD 1,000 principal amount of senior unsecured convertible debentures and 10,000 common share purchase warrants. Each convertible debenture will be convertible into common shares, at the option of the holder at a conversion price of CAD 0.10 per debenture share, subject to adjustment in certain circumstances. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.10 per warrant share for a period of 48 months from the closing date. The transaction will include participation from a single institutional investor. The convertible debentures are expected to bear interest at a rate of 10% per annum from the closing date, calculated and payable quarterly in cash. any remaining accrued and unpaid interest will be paid by the company on the fourth anniversary of the closing date. The company is expected to repay 6.25% of the principal amount quarterly in cash and repay the remaining principal amount outstanding on the maturity date. The private placement is expected to close on or about July 19, 2024. The issuance of the convertible debenture units remains subject to the final approval of the Toronto Stock Exchange. Announcement • Jun 05
Avant Brands Inc. announced that it has received CAD 2.393334 million in funding On June 4, 2024, Avant Brands Inc. closed the transaction. The company issued 28,156,868 units of the Company at a issue price of CAD 0.085 per unit for gross proceeds of CAD 2,393,333.78. The company paid finders’ fees related to this offering consist of CAD 13,600 and 160,000 non-transferable finders’ warrants which are exercisable on the same terms as the subscribing investors. The transaction included participation from insider and related-party participation for a total of CAD 817,500, including: CEO Norton Singhavon for CAD 175,000; CFO Jeremy Wright for CAD 42,500; and F-20 Developments Corp for CAD 600,000, and ther non-insider employees of Avant Brands participated for an additional CAD 386,000. All securities issued are subject to a four-month and one day hold period pursuant to securities laws in Canada expiring on October 4, 2024. Announcement • May 11
Avant Brands Announces Leadership Changes Avant Brands Inc. announced the planned departure of Mr. David Lynn, the Company's Chief Operating Officer, effective July 5, 2024.Since 2018, Mr. Lynn has been instrumental in the construction and scale-up of the Company's operating facilities, developing Avant's incredible team of 175+ employees, while leading the domestic and international sales strategies. Additionally, Mr. Lynn has cultivated a strong leadership team that will assume his operations, sales, and export-focused responsibilities. Avant greatly appreciates his dedication and significant contributions, which have been foundational to year-over-year revenue growth. Additionally, in the Management Information Circular, dated April 5, 2024, the Company's Board of Directors nominated Mr. Michael Blady for re-election. The Company announces that Mr. Blady will not stand for re-election at the upcoming Annual General Meeting on May 30, 2024. Reported Earnings • Apr 17
First quarter 2024 earnings released: CA$0.011 loss per share (vs CA$0 in 1Q 2023) First quarter 2024 results: CA$0.011 loss per share (further deteriorated from CA$0 in 1Q 2023). Revenue: CA$8.08m (up 15% from 1Q 2023). Net loss: CA$2.75m (loss widened CA$2.66m from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • Apr 10
Avant Brands Inc. announced that it expects to receive CAD 3.888888 million in funding Avant Brands Inc. announces non-brokered private placement of 45,751,623 units of the Company at a issue price of CAD 0.085 per unit for gross proceeds of CAD 3,888,888 on April 8, 2024. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one common share of the Company at a price of CAD 0.12 for a period of 36 months following the closing date of the Offering. The securities to be issued under the Offering will be subject to a hold period of four months and a day from the closing date of the Offering. The transaction is subject to the approval of Toronto Stock Exchange. The transaction is expected to close on or about April 30, 2024. The Company anticipates receiving a lead order totaling CAD 600,000 from an existing strategic investor and insiders of the Company may participate in the Offering.
On the same date, the company announced the correction in securities. The company clarifies that each unit will instead consist of one common share in the capital of the company and one-half of one transferable common share purchase warrant. Announcement • Mar 22
Avant Brands Inc., Annual General Meeting, May 30, 2024 Avant Brands Inc., Annual General Meeting, May 30, 2024. Board Change • Mar 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Duane Lo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 05
Avant Brands Inc. Appoints Tyson Macdonald as Board of Director Avant Brands Inc. announced that Tyson Macdonald has joined the company's board of directors, effective March 1, 2024. Tyson brings over 20 years of C-suite expertise in investment and transactions across diverse markets and sectors. As CEO of Nova Net Lease REIT, Tyson remains committed to actively investing in the US cannabis market. As former CFO of Cloud Cannabis, Tyson helped grow the company into a leading vertically integrated operator in the Michigan market. As EVP of Corporate Development at Acreage Holdings, Tyson spearheaded strategic growth in the US cannabis market, solidifying the company's prominence. His leadership culminated in the transformative $3.5 billion deal with Canopy Growth, showcasing Acreage Holdings' visionary edge. Reported Earnings • Mar 01
Full year 2023 earnings released: CA$0.02 loss per share (vs CA$0.037 loss in FY 2022) Full year 2023 results: CA$0.02 loss per share (improved from CA$0.037 loss in FY 2022). Revenue: CA$26.3m (up 31% from FY 2022). Net loss: CA$5.07m (loss narrowed 33% from FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Announcement • Feb 17
Avant Brands Inc. to Report Fiscal Year 2023 Results on Feb 28, 2024 Avant Brands Inc. announced that they will report fiscal year 2023 results After-Market on Feb 28, 2024 Recent Insider Transactions Derivative • Feb 07
Founder exercised options to buy CA$193k worth of stock. On the 31st of January, Norton Singhavon exercised options to buy 2m shares at a strike price of around CA$0.14, costing a total of CA$225k. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. Since March 2023, Norton has owned 17.23m shares directly. Company insiders have collectively bought CA$249k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 07
Avant Brands Inc. Announces Chief Financial Officer Changes Avant Brands Inc. announced that Miguel Martinez will be resigning from his current role as Chief Financial Officer ("CFO") at Avant Brands to pursue other opportunities. Effective March 1, 2024, Jeremy Wright, who previously served as the Company's founding CFO from September 2017 to August 2019, has agreed to rejoin the Company as interim CFO. Miguel will continue his employment with Avant until March 19, 2024, to ensure an effective transition. Jeremy Wright (CPA, CMA) brings more than 20 years of senior management experience to Avant. As the founding CFO of GTEC Holdings (rebranded to Avant and uplisted to the TSX in 2021), Jeremy was deeply involved in developing the Company's initial long-term strategy, which included assisting in the raising of more than $45 million for the Company during his two-year tenure. Reported Earnings • Oct 17
Third quarter 2023 earnings released: EPS: CA$0.004 (vs CA$0.009 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.004 (down from CA$0.009 in 3Q 2022). Revenue: CA$6.49m (up 64% from 3Q 2022). Net income: CA$931.0k (down 51% from 3Q 2022). Profit margin: 14% (down from 48% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year. Announcement • Oct 05
Avant Brands Inc. to Report Q3, 2023 Results on Oct 16, 2023 Avant Brands Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 16, 2023 Reported Earnings • Jul 20
Second quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.019 loss in 2Q 2022) Second quarter 2023 results: CA$0.002 loss per share (improved from CA$0.019 loss in 2Q 2022). Revenue: CA$7.99m (up 96% from 2Q 2022). Net loss: CA$557.0k (loss narrowed 86% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Avant Brands Inc. to Report Q2, 2023 Results on Jul 17, 2023 Avant Brands Inc. announced that they will report Q2, 2023 results After-Market on Jul 17, 2023 Announcement • May 31
Avant Brands Inc. Appoints Sylvia Lee as Director Avant Brands Inc. appointed Sylvia Lee as Director at its AGM held on May 30, 2023. Reported Earnings • Apr 14
First quarter 2023 earnings released: EPS: CA$0.001 (vs CA$0.002 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0.001 (up from CA$0.002 loss in 1Q 2022). Revenue: CA$7.03m (up 68% from 1Q 2022). Net income: CA$124.0k (up CA$619.0k from 1Q 2022). Profit margin: 1.8% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: CA$0.037 loss per share (vs CA$0.061 loss in FY 2021) Full year 2022 results: CA$0.037 loss per share (improved from CA$0.061 loss in FY 2021). Revenue: CA$20.1m (up 112% from FY 2021). Net loss: CA$7.54m (loss narrowed 32% from FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 24
Avant Brands Inc. to Report Fiscal Year 2022 Results on Feb 22, 2023 Avant Brands Inc. announced that they will report fiscal year 2022 results After-Market on Feb 22, 2023 Reported Earnings • Oct 17
Third quarter 2022 earnings released: EPS: CA$0.009 (vs CA$0.013 loss in 3Q 2021) Third quarter 2022 results: EPS: CA$0.009 (up from CA$0.013 loss in 3Q 2021). Revenue: CA$3.96m (up 45% from 3Q 2021). Net income: CA$1.89m (up CA$4.53m from 3Q 2021). Profit margin: 48% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 14
Second quarter 2022 earnings released Second quarter 2022 results: CA$0.019 loss per share. Revenue: CA$4.07m (up 66% from 2Q 2021). Net loss: CA$3.84m (loss widened 149% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Avant Brands Inc. to Report Q2, 2022 Results on Jul 13, 2022 Avant Brands Inc. announced that they will report Q2, 2022 results After-Market on Jul 13, 2022 Announcement • Apr 27
Avant Brands Inc. Announces the Launch of Exclusive New Cultivars Avant Brands Inc. announced that it is introducing a series of new cannabis cultivars to the Canadian market. Avant currently holds approximately 80 cultivars in its genetics library and has been selectively introducing these cultivars to Canadian consumers. These unique cultivars originate from some of the most renowned breeders in North America, that, to the Company's knowledge, are not otherwise legally available in Canada. Most recently, the Company has successfully cultivated and secured listings for various product offerings in provinces where Avant currently distributes its products for the following cultivars: Animal Sorbet Kush Mints, Bacio Gelato, Ice Cream Sandwiches, Jealousy, Park Fire OG, Pineapple P, Upside Down Cake. The launch comes shortly after the launch of another market-leading innovation, Treehugger, the first pre-roll made from 100% sustainable packaging. The new cultivars will be presented under Avant's BLK MKTTM and TenzoTM brands, in various formats, including 3.5 gram flower jars, single gram pre-rolls and blunts. In addition to being first to introduce these cultivars into the Canadian recreational cannabis market, the Company will simultaneously launch them in both export and medical channels. The Company expects that these new cultivars will be available in the Canadian market commencing in late April. However, the availability of specific strains and products will vary by province and retail location. Reported Earnings • Apr 14
First quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0.002 profit in 1Q 2021) First quarter 2022 results: CA$0.002 loss per share (down from CA$0.002 profit in 1Q 2021). Revenue: CA$4.20m (up 113% from 1Q 2021). Net loss: CA$495.0k (down 296% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Apr 05
Avant Brands Inc. to Report Q1, 2022 Results on Apr 13, 2022 Avant Brands Inc. announced that they will report Q1, 2022 results After-Market on Apr 13, 2022 Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.061 loss per share (up from CA$0.072 loss in FY 2020). Revenue: CA$9.50m (up 20% from FY 2020). Net loss: CA$11.1m (loss widened 14% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Feb 17
Avant Brands Inc. Announces the Launch of BLK MKTTM Peanut Butter Mac Live Rosin Avant Brands Inc. announced the launch of BLK MKTTM Peanut Butter Mac Live Rosin. Avant has also launched a new flavour for its TenzoTM 510 Thread Cartridges, Wedding Crasher. BLK MKTTM Peanut Butter Mac Live Rosin - Experience an aroma and flavour that tastes just like it sounds. BLK MKTTM exclusive Solventless, cold-cured Peanut Butter Mac live hash rosin. Produced from premium handcrafted flower. Fresh frozen at harvest, washed, pressed and cold-cured. TenzoTM Wedding Crasher 510 Thread Cartridge - Curated to deliver a delightful array of sweet flavours. Premium 510 carts made with a unique blend of craft cannabis derived terpenes (via solventless terpene extraction) and triple-distilled botanical terps Oil is housed in high-end glass, ceramic and stainless-steel hardware to prevent leakage · Custom soft-touch mouthpiece delivers better air flow and added comfort. Announcement • Feb 11
Avant Brands Inc. to Report Fiscal Year 2021 Results on Feb 24, 2022 Avant Brands Inc. announced that they will report fiscal year 2021 results After-Market on Feb 24, 2022 Announcement • Feb 02
Avant Launches Premium Organic Flower for the Environmentally Conscious Cannabis Consumer Avant Brands Inc. announces the debut of TreeHuggerTM, Avant's new brand curated for the environmentally conscious cannabis consumer. TreeHuggerTM offers premium, organically sun-grown cannabis and enters the market with a pre-roll multipack, with flower to follow. TreeHuggerTM speaks to who Avant is as a company: innovative and focused on delivering high quality products. Avant is committed to supporting the local communities in which it operates. Studies show for every gram of cannabis sold there can be as much as 70 grams of packaging waste.1 As a company committed to minimizing its environmental impact, Avant has partnered with One Tree Planted to make a positive impact in each selling province, including Avant's hometown of Kelowna, British Columbia. Announcement • Dec 08
Avant Brands Inc. Announces Launch of Innovative and Exclusive Product, Cognoscente™ Craft Tasting Flight Avant Brands Inc. announced the launch of an innovative and exclusive product, the Cognoscente™ Craft Tasting Flight. As the company’s first product under its premium Cognoscente™ brand, the Craft Tasting Flight offers a curated sampling of six 1.5 gram (g) buds, along with a single 1g pre-roll blunt and two 0.5g exclusive pre-rolls, consisting of a variety of cultivars and product formats never before seen in Ontario. With a limited quantity of only 420 units available, it is expected that the Craft Tasting Flight will allow consumers to experience and compare the effects of some of the high quality craft cannabis while showcasing the company’s top shelf brand. The Craft Tasting Flight was made using detailed post-harvest techniques in order to optimize moisture, cannabinoid and terpene profiles, and it was packaged using delicate hand-trimming techniques. The company anticipates that employing these techniques will allow it to maximize gross margins while simultaneously delivering a premium experience. Executive Departure • Dec 01
Chief Financial Officer Kendra Blackford has left the company On the 30th of November, Kendra Blackford's tenure as Chief Financial Officer ended after 2.3 years in the role. As of September 2021, Kendra still personally held 300.00k shares (CA$149k worth at the time). Kendra is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.42 years. Reported Earnings • Oct 15
Third quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.003 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CA$2.73m (up 32% from 3Q 2020). Net loss: CA$2.65m (loss widened CA$2.37m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Sep 24
Avant Brands Enters Premium Concentrates Category with the Launch of Tenzo Vapes Avant Brands Inc. announced that it has completed its first shipment of TenzoTM Vape Cartridges (or "vape carts") to the Ontario Cannabis Store (OCS).
The first drop of Tenzo vape carts are produced from Tenzo's flagship cultivar, Watermelon Mojito Zkittlez, which is best-known for its bag appeal and robust terpene profile. This will be followed-on with a second product launch, based on Tenzo's popular Wedding Crasher cultivar. The Tenzo 510-thread vape cartridges were meticulously designed to elevate the consumer experience, using high-end hardware with a strong focus on safety and performance. Tenzo's premium vape carts are made with a curated formulation that consists of a unique blend of solventless-extracted craft cannabis derived terpenes, and 100% all natural botanical terpenes. The carts are offered in a single gram size. Board Change • Aug 01
High number of new directors Independent Non-Executive Chairman of the Board Jurgen Schreiber was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 15
Second quarter 2021 earnings released The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CA$2.46m (up 97% from 2Q 2020). Net loss: CA$1.54m (loss widened 99% from 2Q 2020). Reported Earnings • May 01
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$1.97m (down 16% from 1Q 2020). Net income: CA$253.0k (up CA$1.29m from 1Q 2020). Profit margin: 13% (up from net loss in 1Q 2020). Announcement • Mar 10
GTEC Holdings Ltd. announced that it has received CAD 2.75 million in funding On March 8, 2021, closed the transaction. The company issued 13,750,000 units for gross proceeds of CAD 2,750,000. Reported Earnings • Mar 05
Full year 2020 earnings released The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: CA$7.91m (up 235% from FY 2019). Net loss: CA$9.74m (loss widened 1.8% from FY 2019). Announcement • Feb 25
GTEC Holdings Ltd. to Report Fiscal Year 2020 Results on Mar 03, 2021 GTEC Holdings Ltd. announced that they will report fiscal year 2020 results at 5:30 PM, US Eastern Standard Time on Mar 03, 2021 Is New 90 Day High Low • Feb 24
New 90-day high: CA$0.78 The company is up 500% from its price of CA$0.13 on 25 November 2020. The Canadian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 55% over the same period. Is New 90 Day High Low • Feb 03
New 90-day high: CA$0.24 The company is up 85% from its price of CA$0.13 on 04 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 70% over the same period. Recent Insider Transactions • Nov 09
Founder recently bought CA$58k worth of stock On the 4th of November, Norton Singhavon bought around 505k shares on-market at roughly CA$0.12 per share. This was the largest purchase by an insider in the last 3 months. Norton has been a buyer over the last 12 months, purchasing a net total of CA$151k worth in shares. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total losses of CA$4.26m, with losses narrowing by 60% from the prior year. Total revenue was CA$6.78m over the last 12 months, up 420% from the prior year. Announcement • Sep 30
GreenTec Holdings Ltd. acquired Grey Bruce Farms for CAD 4.3 million. GreenTec Holdings Ltd. acquired Grey Bruce Farms for CAD 4.2 million on September 15, 2017. The total consideration comprises of (i) CAD 0.05 million cash payment on September 15, 2017 (ii) CAD 0.165 million cash payment on November 16, 2017 to Norton Singhavon with respect to the shareholder loans owed to him by Grey Bruce (iii) An equivalent of CAD 0.085 million in Common Shares in the capital of GreenTec will be issued to the Grey Bruce Vendors on November 30, 2017 (iv) An equivalent of CAD 0.25 million in cash is payable to the Grey Bruce Vendors upon Grey Bruce completing the construction of a Health Canada-approved cannabis production facility in compliance with the ACMPR (v) An equivalent of CAD 1 million in Common Shares in the capital of GreenTec are to be issued to the Grey Bruce Vendors upon Grey Bruce obtaining a LP licence to produce cannabis under the ACMPR (vi) An equivalent of CAD 1.25 million in Common Shares in the capital of GreenTec on Grey Bruce obtaining a license to sell cannabis under ACMPR (vii) Five payments equivalent of CAD 0.3 million each in Common Shares in the capital of GreenTec upon each of Grey Bruce’s first, second, third, fourth and fifth harvest having passed quality assurance and quality control tests as set out by Health Canada.
GreenTec Holdings Ltd. completed the acquisition of Grey Bruce Farms on September 15, 2017.