Avant Brands executes four export agreements

Avant Brands provides an update on its export sales initiatives. Avant has executed four new cannabis export agreements in the past eight weeks. As a result, the Company now has a total of 11 active export agreements spanning three key markets. Furthermore, the Company has already commenced processing export permits and purchase orders for some of these new supply agreements. In addition to executing international cannabis supply agreements, the Company is pursuing international trademark licensing agreements focused on its BLK MKTTM brand. These agreements create an incremental revenue stream for the Company while building its flagship brand on the global stage. The first such agreement for the Israel market was signed in 2022. The Company is currently exploring expanding its licensing agreements into other markets and expects to provide additional updates in the future. Avant would also like to confirm that it is not one of the named companies in the anti-dumping investigation being conducted by Israel’s Ministry of Economy. Avant’s international business model is based on distributing premium quality flower at premium prices and conscientiously avoids selling product at low price points.