Avant Brands Announces Changes to Leadership Team

KELOWNA, BC / ACCESSWIRE / May 9, 2024 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company"), a leading producer of innovative and award-winning cannabis products, announces the planned departure of Mr. David Lynn, the Company's Chief Operating Officer, effective July 5, 2024.

Since 2018, Mr. Lynn has been instrumental in the construction and scale-up of the Company's operating facilities, developing Avant's incredible team of 175+ employees, while leading the domestic and international sales strategies. Additionally, Mr. Lynn has cultivated a strong leadership team that will assume his operations, sales, and export-focused responsibilities. Avant greatly appreciates his dedication and significant contributions, which have been foundational to our year-over-year revenue growth.

Norton Singhavon, Founder and Chief Executive Officer of Avant Brands commented: "David has been a key player in our success, helping to streamline our operations and prepare us for future growth. Additionally, we are very pleased to see the succession plan implementation occurring, ensuring a smooth transition. Going forward, we are well-positioned for continued innovation and growth, thanks to the solid groundwork established by David's leadership, and we wish him the very best in his future endeavours."

Additionally, in the Management Information Circular, dated April 5, 2024, the Company's Board of Directors nominated Mr. Michael Blady for re-election. The Company announces that Mr. Blady will not stand for re-election at the upcoming Annual General Meeting on May 30, 2024.

About Avant Brands Inc.
Avant is an innovative, market-leading premium cannabis company. Avant has multiple operational production facilities across Canada, which produce high-quality, handcrafted cannabis products based on unique and exceptional cultivars.

Avant offers a comprehensive product portfolio catering to recreational, medical, and export markets. Our renowned consumer brands, including BLK MKT, Tenzo, Cognōscente, flowr and Treehugger, are available in key recreational markets across Canada. Avant's products are distributed globally to Australia, Israel and Germany, with its flagship brand BLK MKT currently being sold in Israel. Additionally, Avant's medical cannabis brand, GreenTec, serves qualified patients nationwide through its GreenTec Medical portal and trusted medical cannabis partners.