Financial News

Avant Brands Announces Changes to Leadership Team

KELOWNA, BC / ACCESSWIRE / May 9, 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 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 our year-over-year revenue growth.

Norton Singhavon, Founder and Chief Executive Officer of Avant Brands commented: "David has been a key player in our success, helping to streamline our operations and prepare us for future growth. Additionally, we are very pleased to see the succession plan implementation occurring, ensuring a smooth transition. Going forward, we are well-positioned for continued innovation and growth, thanks to the solid groundwork established by David's leadership, and we wish him the very best in his future endeavours."

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.

About Avant Brands Inc.
Avant is an innovative, market-leading premium cannabis company. Avant has multiple operational production facilities across Canada, which produce high-quality, handcrafted cannabis products based on unique and exceptional cultivars.

Avant offers a comprehensive product portfolio catering to recreational, medical, and export markets. Our renowned consumer brands, including BLK MKT™, Tenzo™, Cognōscente™, flowr™ and Treehugger™, are available in key recreational markets across Canada. Avant's products are distributed globally to Australia, Israel and Germany, with its flagship brand BLK MKT™ currently being sold in Israel. Additionally, Avant's medical cannabis brand, GreenTec™, serves qualified patients nationwide through its GreenTec Medical portal and trusted medical cannabis partners.

Avant is a publicly traded corporation listed on the Toronto Stock Exchange (TSX: AVNT) and accessible to international investors through the OTCQX Best Market (OTCQX: AVTBF) and Frankfurt Stock Exchange (FRA: 1BU0). Headquartered in Kelowna, British Columbia, Avant operates in strategic locations including British Columbia, Alberta, and Ontario.

For more information about Avant, including access to investor presentations and details about its consumer brands, please visit www.avantbrands.ca

For further inquiries, please contact:
Investor Relations at Avant Brands Inc.
1-800-351-6358
ir@avantbrands.ca

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements relating to Avant Brands Inc.'s future performance, growth prospects, strategic initiatives, and anticipated outcomes. Forward-looking statements are often identified by terms such as 'may', 'will', 'should', 'expect', 'anticipate', 'could', 'intend', 'target', 'project', 'estimate', 'believe', 'predict', 'potential', 'plan', 'objective', 'contemplate', 'seek', 'aim', 'continue', 'budget', 'forecast', 'projections', 'outlook', 'strategy', 'priority', 'goal', 'aim', 'pursue', 'on track', 'initiative', 'expand', 'maintain', 'monitor' and similar expressions or their negatives.

These forward-looking statements are based on certain assumptions, including but not limited to, the current regulatory environment, market conditions, and Avant Brands Inc.'s business strategies. However, forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those anticipated in such statements. These risks and uncertainties include, but are not limited to, changes in consumer preferences, regulatory changes, market competition, and the impact of geopolitical events.

Readers are cautioned that the foregoing list of assumptions, risks, and uncertainties is not exhaustive. Forward-looking statements are inherently uncertain and may not prove to be accurate. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur.

The forward-looking statements contained in this press release are made as of the date of this release, and Avant Brands Inc. undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

SOURCE: Avant Brands Inc.



View the original press release on accesswire.com

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