Streetbeat News

AVTBF

Avant Brands Inc

https://www.gtec.co/

CEO

Norton Singhavon

Industry

Medicinal and Botanical Manufacturing

Open

0.46

Mkt cap

4.8M

Volume

333

High

0.46

P/E Ratio

-0.39

52-wk high

3.57

Low

0.46

Div yield

N/A

52-wk low

0.40

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Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:05 pm

Avant Brands Inc. (OTCQX:AVTBF) reported record quarterly revenue driven by strong international demand, with a 30% increase from the previous year. The company is focusing on international expansion, with significant growth in markets like Australia, Germany, and Israel.

Portfolio Pulse from Nina Zdinjak

October 16, 2024 | 2:51 pm

Banzai has been granted an extension by the Nasdaq Hearing Panel to regain compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:34 pm

Canadian cannabis stocks like Tilray, Canopy, Aurora, and others are rallying due to recent developments such as Tilray's earnings, Organigram's investor day, and movements by Canopy and Aurora. Legislative changes in Canada, Germany, and the U.S. have positively impacted these stocks. Analyst Pablo Zuanic highlights the sector's potential for growth despite liquidity issues, with some stocks trading as proxies for U.S. exposure. Aurora, Tilray, and Canopy show significant short interest, with Tilray and SNDL leading in revenue. Strategic partnerships and international operations are crucial for expansion.

Portfolio Pulse from Nicolás Jose Rodriguez

April 08, 2024 | 10:34 pm

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.

Portfolio Pulse from Nina Zdinjak

October 17, 2023 | 8:53 pm

US legal cannabis sales are predicted to exceed $28 billion in 2023, prompting Canadian cannabis producers to consider focusing on exporting or partnering with US companies. Some Canadian companies, such as Canopy Growth and Sundial Growers, have already made strides in the US market. Canopy Growth has outperformed other producers since the news of cannabis rescheduling. Canadian cannabis exports reached C$160 million in FY23, a 50% increase from the previous fiscal year.

Portfolio Pulse from Nicolás Jose Rodriguez

September 10, 2023 | 4:48 pm

The article discusses the valuation and credit of eighteen U.S. and Canadian cannabis companies with market caps between $20M and $100M. Five of the top-ranked companies by credit quality are Canadian. Avant Brands (OTC:AVTBF), Rubicon Organics (OTC:ROMJF), High Tide (NASDAQ:HITI), and Decibel Cannabis (OTC:DBCCF) are highlighted for their credit quality, liquidity, and leverage. The article suggests that these companies may be good investment opportunities.

Portfolio Pulse from Viridian Capital Advisors

July 24, 2023 | 4:44 pm

Avant Brands Inc reported a 96% YoY increase in Q2 FY23 net revenue, reaching CA$8 million ($6 million). The company also saw a 294% increase in gross profit and a positive shift in adjusted EBITDA. Avant completed the closing of a CA$3.5 million credit facility, secured by the company's non-operational and non-licensed real property. The company is also facing a claim from Desjardins Securities Inc. for alleged damages of approximately CA$1 million for breach of contract.

Portfolio Pulse from Vuk Zdinjak

July 18, 2023 | 12:20 pm

The National Cannabis Industry Association (NCIA) has laid off nearly half of its workforce to reduce costs and remain financially sound in 2023. Avant Brands elected six directors at its annual general shareholders meeting. SciSparc appointed Yaki Baranes as its new strategy and business development VP. Incannex Healthcare added three psychedelic therapy and science experts to its advisory board. XS Financial promoted Justin Vuong to CFO. Acreage Holdings announced the resignation of CEO Peter Caldini, with Dennis Curran taking over. Jones Soda welcomed Ronald Dissinger to its board of directors. Schwazze promoted Nirup Krishnamurthy to CEO.

Portfolio Pulse from Jelena Martinovic

June 05, 2023 | 1:47 pm

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