Avant Brands reports strategic priorities for 2024

The company said, “1. Market Expansion and International Growth: Avant Brands recognizes the immense potential of international cannabis markets. Leveraging our brand reputation and quality recognition, the Company will prioritize the following strategic initiatives for the remainder of fiscal 2024: Target High-Potential Markets: From Germany’s recent legalization to emerging markets, Avant will strategically expand its global reach. Secure Additional Clients: As one of Canada’s largest indoor producers, the Company is well-positioned to continue expanding its international sales and actively seek partnerships in the UK, Switzerland, and other emerging markets. 2. BLK MKT: Building a Global Icon. The Company’s flagship brand, BLK MKT, is well-positioned for global recognition. Key initiatives to support this include: Strategic Licensing Partnerships: With a priority to expand BLK MKT beyond Israel and Germany, the Company is in active discussions to launch the BLK MKT brand in Australia, solidifying its status as a premium cannabis icon. 3. Revenue Growth and Strong Partnerships: Avant Brands remains committed to strong international partnerships: Successful Deliveries: Initial shipments to a new international client are complete, reinforcing our commitment to reliability. Repeat Business: Avant anticipates continued shipments as we continue building trust and reliability amongst new and existing clients. 4. Driving Efficiency and Quality for Sustainable Growth: Efficiency and quality are the cornerstones of Avant’s operations. This commitment is evident in our recent achievements: Increased Production & Reduced Costs: Avant expanded its production capacity by 50% through the Flowr acquisition while simultaneously achieving a 14% reduction in SG&A and corporate overhead. This demonstrates effective cost-control strategies that support sustainable growth. Quality at Scale: As we scale our global footprint, maintaining the highest quality standards remains paramount. 5. Driving Canadian Recreational Sales: Avant Brands is committed to capturing a significant share of the Canadian recreational cannabis market. We will achieve this through: Brand Building & Marketing: Implementing strategic marketing campaigns and activations to elevate brand awareness and recognition among Canadian consumers. Product Diversification: Optimizing our product portfolio to cater to diverse and evolving trends and market segments. Distribution Network Optimization: Strengthening our relationships with provincial cannabis boards and key retailers to ensure wider product availability across Canada. 6. Innovation and Consumer Trends: Staying ahead of the curve: Avant Brands will introduce exciting new cultivars, keeping ahead of evolving consumer trends.”