Avant Brands Corrects Private Placement Terms

Avant Brands Inc (TSE:AVNT) has released an update.

Avant Brands Inc., a recognized cannabis producer, has corrected the terms of their recently announced private placement, now offering each unit with one Common Share and a half warrant, aiming to raise up to $3.88 million for general working capital. The units are priced at $0.085, with the Offering expected to close by April 30, 2024, including a significant lead order from a strategic investor. Securities issued will adhere to a four-month hold period as per TSX and Canadian securities laws, with insider participation possibly deeming the Offering a ‘related party transaction’.

For further insights into TSE:AVNT stock, check out TipRanks’ Stock Analysis page.