Avant Brands Inc. Engages Shareholders: Key Voting Results from the 2025 Annual General Meeting
Introduction to Avant Brands Inc.
KELOWNA, BC / ACCESS Newswire / May 30, 2025 – In an exciting display of shareholder engagement, Avant Brands Inc. (TSX:AVNT, OTCQX:AVTBF, FRA:1BU0) convened its annual general meeting (the “Meeting“) where key decisions shaping the future of the company were voted on and approved.
Shareholder Participation: A Strong Representation
Demonstrating active participation, a total of 1,752,490 common shares, representing 16.19% of the Company’s equity, were cast, either in-person or by proxy. This level of engagement underscores a committed shareholder base actively influencing the Company’s direction.
Key Voting Results: What You Need to Know
Here’s a breakdown of the most significant results from the Meeting:
1. Board of Directors Elected
Each of the six nominees, as detailed in the management information circular dated April 22, 2025 (the “Circular“), was elected to serve until the next annual meeting. This consensus indicates robust support for company leadership and governance.
2. Auditor Appointment
Ernst & Young LLP was re-appointed as the Company’s auditor for the upcoming year, with compensation set to be decided by the Board of Directors. This decision reflects confidence in the financial oversight capabilities of a trusted firm.
3. Deferred Share Unit Plan Approved
The approval of the Company’s deferred share unit plan affirms a commitment to aligning the interests of management with those of shareholders.
4. Long-Term Incentive Plan Endorsed
Investors showed their confidence by approving the long-term incentive plan, which is designed to reward sustainable growth and performance.
5. Repricing of Warrants and Debentures
A key decision was made regarding the repricing of certain warrants and convertible debentures from a private placement dated July 26, 2024, allowing for strategic financial flexibility moving forward.
For a detailed account of all voting matters, please refer to the Report of Voting Results available on SEDAR+.
About Avant Brands: Innovation in the Cannabis Industry
Avant is a leader in the premium cannabis sector, renowned for its innovative offerings and award-winning products. With multiple production facilities across Canada, the Company specializes in high-quality cannabis crafted from exceptional cultivars. Avant’s diverse product portfolio caters to various markets—including recreational, medical, and export—ensuring a wide reach.
Flagship Brands and Global Reach
Avant’s consumer brands, such as BLK MKT™, Tenzo™, CognÅscente™, flowr™, and Treehugger™, are accessible in major Canadian recreational markets and are also distributed internationally, reaching countries like Australia, Israel, and Germany. Notably, the BLK MKT™ brand is currently available in Israel.
Medical Cannabis Services
Avant provides medical cannabis through its specialized brand, GreenTec™, which serves qualified patients across Canada via the GreenTec Medical portal and trusted partners, illustrating Avant’s commitment to health and wellness.
Conclusion: A Bright Future for Avant Brands
Avant Brands Inc. stands poised for continued growth and innovation within the cannabis sector, driven by strong shareholder support and strategic decision-making. As the Company continues to expand its reach, both domestically and internationally, it remains dedicated to delivering high-quality products that cater to a diverse consumer base.
For further information about Avant, including investor presentations and insights into its consumer brands, visit www.avantbrands.ca.
Contact
For inquiries, reach out to:
Investor Relations at Avant Brands Inc.
Phone: 1-800-351-6358
Email: [email protected]
Cautionary Statements
This news release contains forward-looking information as defined under applicable Canadian securities laws, reflecting the Company’s future intentions. Investors should note that such information is based on estimates and assumptions that may be influenced by various risks and uncertainties. For a comprehensive discussion of these risks, please visit SEDAR+.
SOURCE: Avant Brands Inc.
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