Cash Positive EBITBA Avant Brands Inc. (TSX: AVNT) (OTCQX: AVTBF) (FRA: 1BU0) (“Avant” or the “Company”), a leading producer of handcrafted, high quality cannabis products, has demonstrated that they are a solid investment based on financials and execution over the past 2 years.
2022 1st quarter high-lights included :
Delivered record gross revenues of $4.6 million – representing 107% growth YOY and 67% QOQ
Increased recreational cannabis sales by $0.5 million or 25%
Achieved positive Adjusted EBITDA
Achieved positive Cash Flow from OperationsDelivered record gross revenues of $4.6 million – representing 107% growth YOY and 67% QOQ
Increased recreational cannabis sales by $0.5 million or 25%
Achieved positive Adjusted EBITDA
Achieved positive Cash Flow from Operations
With a company that has zero debit obligations 11.7M in cash and 21M working capital and newly licensed (5000KG) 3PL facility.
https://avantbrands.ca/news/reports-record-revenues-for-q1-f2022
https://money.tmx.com/en/quote/AVNT