Avant Brands Begins Trading on OTCQX Best Market
13 July 2021 - 9:00PM
Avant Brands Inc. ("
Avant" or "the
Company")
(TSX: AVNT) (OTCQX: AVTBF) (FSE: 1BUP) is pleased to announce that
its common shares are now trading on the OTCQX Best Market under
the ticker symbol of AVTBF. The OTCQX Best Market is the highest
market tier of OTC Markets on which 10,000 U.S. and global
securities trade. Trading on OTCQX will enhance the visibility and
accessibility of the Company to U.S. investors. Avant will
continue to trade in Canada on the Toronto Stock Exchange under the
symbol AVNT, and on the Frankfurt Stock Exchange under the symbol
1BUP.The OTCQX Best Market provides value and convenience to U.S.
investors, brokers and institutions seeking to trade AVTBF. The
OTCQX Best Market is OTC Markets Group's premier market for
established, investor-focused U.S. and international
companies. To be eligible, companies must meet high financial
standards, follow best practice corporate governance, demonstrate
compliance with U.S. securities laws, be current in their
disclosure, and have a professional third-party sponsor
introduction.
About Avant Brands Inc.Avant is an innovative
and sector leading producer of high-quality, handcrafted cannabis
products. Avant has multiple licensed and operational
production facilities across Canada, which produce Avant’s highly
sought-after consumer brands across medical and recreational
channels.Avant’s recreational consumer
brands includes; BLK
MKT™, Tenzo™, Cognōscente™, Treehugger™, and Pristine™
Seeds which are produced from rare and exceptional cultivars, and
sold in British Columbia, Ontario, Saskatchewan, Manitoba and
Yukon. The Company’s medical cannabis brand, GreenTec™, is
distributed nationwide, directly to qualified patients through its
online portal and licensed partners.Avant is a publicly traded
corporation, with its primary listing on the Toronto Stock Exchange
(TSX: AVNT), and cross-trades on the Frankfurt Stock Exchange (FRA:
1BUP), and in the U.S. on the OTCQX Best Market (OTCQX: AVTBF). The
Company is headquartered in Kelowna, British Columbia and has
operations in British Columbia, Alberta and Ontario.To learn more
about Avant, or access the investor presentation, or to learn more
about its consumer brands, please visit our website
at www.avantbrands.caNeither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION:This news release includes certain “forward-looking
information” as defined under applicable Canadian securities
legislation, including statements regarding the plans, intentions,
beliefs and current expectations of the Company with respect to
future business activities and operating performance.
Forward-looking information is often identified by the words "may",
"would", "could", "should", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" or similar expressions and includes
information regarding: the trading of the common shares and
warrants on the TSX; the delisting of the common shares and
warrants from the TSXV; the anticipated name change of the Company;
the impact of the listing on the TSX; and expectations for other
economic, business, and/or competitive factors. Forward-looking
information is necessarily based upon a number
of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information. Examples include statements that
the Company will operate in a fiscally disciplined manner;
build long-term shareholder value; reduce operational expenses; or
increase its revenue and gross margins.Investors are cautioned that
forward-looking information is not based on historical fact but
instead reflects management’s expectations, estimates or
projections concerning future results or events based on the
opinions, assumptions and estimates of management considered
reasonable at the date the statements are made. Although the
Company believes that the expectations reflected in such
forward-looking information are reasonable, such information
involves risks and uncertainties, and undue reliance should not be
placed on such information, as unknown or unpredictable factors
could have material adverse effects on future results, performance
or achievements of the Company. Among the key factors that could
cause actual results to differ materially from those projected in
the forward-looking information are the following: regulatory and
licensing risks; changes in the timing and process for delisting
the common shares and warrants from the TSXV and listing on the
TSX; the actual impact of the listing on the TSX; changes in
consumer demand and preferences; changes in general economic,
business and political conditions, including changes in the
financial markets; the global regulatory landscape and enforcement
related to cannabis, including political risks and risks relating
to regulatory change; compliance with extensive government
regulation; public opinion and perception of the cannabis industry;
the impact of COVID-19; and the risk factors set out in the
Company’s annual information form dated March 16, 2021, filed with
Canadian securities regulators and available on the Company’s
profile on SEDAR at www.sedar.com.Should one or more of these risks
or uncertainties materialize, or should assumptions underlying the
forward-looking information prove incorrect, actual results may
vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Although the Company
has attempted to identify important risks, uncertainties and
factors that could cause actual results to differ materially, there
may be others that cause results not to be as anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking information, which speak only as
of the date of this news release. The Company disclaims any
intention or obligation to update or revise any
forward-looking information, whether as a result
of new information, future events or otherwise, except as
required by law.
Avant Brands Inc.
contact@avantbrands.ca
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