Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
Portfolio Pulse from Nina Zdinjak
Canadian cannabis company Avant Brands Inc. reported its Q3 2023 financial results, with net revenue of CA$6.5 million ($4.8 million), up 64% YoY but down 18.75% sequentially. The company also reported its 5th consecutive quarter of positive cash flow from operations. The company's stock closed 1.13% higher at $0.13 per share.
October 17, 2023 | 8:53 pm
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Avant Brands reported a 64% YoY increase in net revenue for Q3 2023, marking its 5th consecutive quarter of positive cash flow. The company's stock closed 1.13% higher.
The company's strong financial performance, with a significant YoY increase in net revenue and consistent positive cash flow, is likely to boost investor confidence and potentially drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100