Avant Brands Inc. Announces 2025 Annual General Meeting of Shareholders Voting Results

KELOWNA, BC / ACCESS Newswire / May 30, 2025 – Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0), a leading producer of innovative and award-winning cannabis products, has concluded its annual general meeting of shareholders on May 30, 2025.

A significant representation of the Company’s shareholders participated in the Meeting, with 1,752,490 common shares outstanding, accounting for 16.19% of the total.

Here’s a breakdown of the voting results:

1. Election of Directors

All six nominees, as detailed in the Company’s management information circular dated April 22, 2025, were elected to serve until the next annual shareholders’ meeting or until their successors are duly appointed. The voting breakdown saw the following results:

2. Ernst & Young LLP was re-appointed as the Company’s auditor for the upcoming year, with remuneration to be determined by the Board of Directors.

3. The Company’s deferred share unit plan received approval.

4. Amendments to the Company’s deferred share unit plan were approved.

5. The Company’s long-term incentive plan was approved.

6. Amendments to the Company’s long-term incentive plan were approved.

7. The repricing of certain warrants and convertible debentures, initially issued on July 26, 2024, as part of a private placement, was approved.

Complete voting details can be found in the Report of Voting Results filed on SEDAR+ under the Company’s profile at www.sedarplus.com.

About Avant Brands Inc.

Avant Brands is establishing itself as a premium cannabis company, driving innovation within the market. With a network of operational production facilities across Canada, the Company focuses on producing high-quality, handcrafted cannabis products utilizing unique and exceptional cultivars.

The Company boasts a diverse product portfolio to meet the needs of recreational, medical, and export markets. Its consumer brands, including BLK MKT™, Tenzo™, Cognōscente™, flowr™, and Treehugger™, are available in key recreational markets across Canada. Avant’s reach extends globally, with distribution to Australia, Israel, and Germany, with the flagship BLK MKT™ brand currently available in Israel. Additionally, GreenTec™, Avant’s medical cannabis brand, connects qualified patients nationwide with the medical cannabis solutions they require.

Avant is a publicly traded entity, listed on the TSX (TSX:AVNT), and accessible to international investors through the OTCQX Best Market (OTCQX:AVTBF) and Frankfurt Stock Exchange (FRA:1BU0). The Company is headquartered in Kelowna, British Columbia, with strategic operations spanning across British Columbia, Alberta, and Ontario.

For investor assets and further insights into Avant’s consumer brands, please visit www.avantbrands.ca.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release contains 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 use of words such as “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding the Meeting; filing and mailing of the Circular; and the proposed Repricing Amendments. 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.

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: risk related to the ability to obtain additional financing; limited operating history; regulatory and licensing risks; 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; and the risk factors set out in the Company’s annual information form dated February 28, 2025, filed with Canadian securities regulators and available on the Company’s profile on SEDAR+ at www.sedarplus.ca.

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.

SOURCE: Avant Brands Inc.