Avant Brands Inc (TSE:AVNT) has released an update.
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Avant Brands Inc. has reported a remarkable start to the year with record-breaking Q1 2024 financial results, including a 15% increase in net revenue to $8.1 million and a significant surge in international sales by 21%, hitting $3.3 million. The company’s strategic focus on international market expansion and operational efficiency has led to a substantial improvement in profitability, evidenced by a record Adjusted EBITDA of $3.8 million. This financial success is attributed to strong global demand for Avant’s premium cannabis products and effective cost-control measures.
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