AVANT BRANDS INC by Avant Brands Inc. Financials - Benzinga

AVANT BRANDS INC by Avant Brands Inc.

AVTBFOTCQX

Trade with Public

Trade with Public

$0.4361

-0.0108-2.41%

Last update: Sep 1, 3:01 PM

Overview NewsFinancialsSentiment Compare

AVANT BRANDS INC by Avant Brands Inc. Financials

AVANT BRANDS INC by Avant Brands Inc. (AVTBF) financial statements — income, revenue, gross margin and key metrics.

Earnings & Guidance News

Canadian Weed Company Sees Record Quarterly Revenue Driven By Robust International Demand

Nina Zdinjak

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

Jelena Martinovic

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.

Jelena Martinovic

Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations

Canadian cannabis company Avant Brands Inc. (TSX:AVNT) (OTCQX: AVTBF) (FRA:1BU0) reported its financial results for the third quarter of fiscal 2023, disclosing net revenue of CA$6.5 million ($4.8 million) up by 64% year-over-year and down by 18.75% sequentially.

Nina Zdinjak

Avant Q2 FY23 Net Revenue Grows 96% YoY, What About Adjusted EBITDA?

Avant Brands Inc (OTCQX: AVTBF) (TSX:AVNT)((FRA:1BUP) released its financial results for the second quarter ended May 31, 2023, revealing net revenue of net revenue of CA$8 million ($6 million), an increase of 96% compared to CA$4.1 million in Q2 fiscal 2022.

Vuk Zdinjak

Avant Brands Q1 FY23 Net Revenue Grows 67% To $5.2M

Avant Brands Inc (OTCQX: AVTBF) (TSX:AVNT)(FRA:1BU0) net revenue for Q1 2023 was CA$7.0 million ($5.2 million), an increase of 67% compared to CA$4.2 million in Q1 2022.

Vuk Zdinjak