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Kelowna, BC, October 13, 2021 (GLOBE NEWSWIRE) – Avant Brands Inc. (TSX: AVNT) (OTCQX: AVTBF) (FRA: 1BUP) (“Before“or the”Society“), a leading, award-winning producer of high-quality artisanal cannabis products, announces that its wholly-owned subsidiary, Gray Bruce Farms Inc. (“GBF“), completed its first international export shipment to a leading medical cannabis company in Israel. The initial shipment of over 200 kilograms (“KG“) of cannabis was made by GBF to Focus Medical Herbs Ltd., an Israeli producer licensed with exclusive agreements with IM Cannabis Corp. (“BMI”, NASDAQ: IMCC CSE: IMCC) to distribute products under the IMC brand in Israel.This is an important step for Avant to be part of a number of Canadian companies serving the global cannabis export market.Said Norton Singhavon, Founder and CEO of Avant. “We would like to thank IMC for trusting Avant as the preferred supplier of high quality cannabis to the Israeli cannabis market. The recent license of our 3PL Ventures facility in Vernon, British Columbia, paves the way for Avant to distribute its premium flower to other global markets.“The company views the global export market as a significant and untapped emerging opportunity with substantial barriers to entry. Cannabis licensees must meet stringent requirements to receive the necessary accreditations, and then complete multiple administrative and logistical processes. More importantly, the ability to grow high-quality flowers is paramount to a company’s ability to be a reliable and long-term player in the premium cannabis export market. 3PL Ventures Inc. (“3PL“) is a 60,000 sq. ft. facility jointly owned by F-20 Developments Corp. and GreenTec Holdings Ltd. (a wholly owned subsidiary of Avant). 3PL is currently pursuing its ICANN-GAP (Good Agricultural Practices) accreditation, which would allow him to export cannabis to Israel.About Avant Brands Inc.Avant is an innovative and market-leading cannabis company. Avant has several licensed and operational production facilities across Canada that produce high quality, handcrafted cannabis products for our highly sought after and award winning consumer brands, sold through both recreational and medical channels. Avant’s recreational consumer brands include BLK MKT ™, Tenzo ™, Cognōscente ™ and Treehugger ™, all produced from rare and exceptional cultivars, and sold in British Columbia, Ontario, Saskatchewan, Manitoba, New -Brunswick and the Yukon. The Company’s brand of medical cannabis, GreenTec ™, is distributed nationwide, directly to qualified patients through its GreenTec Medical portal and through various medical cannabis partners. Avant is a publicly traded company listed on the Toronto Stock Exchange (TSX: AVNT) and cross trades on the cheapest OTCQX (OTCQX: AVTBF) and the Frankfurt Stock Exchange (FRA: 1BUP). The company is headquartered in Kelowna, British Columbia and does business in British Columbia, Alberta and Ontario. To learn more about Avant, to access the investor presentation, or to learn more about its consumer brands, please visit www.avantbrands.ca.CAUTION REGARDING FORWARD-LOOKING INFORMATION: This press release includes certain “forward-looking information” as defined in applicable Canadian securities legislation, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to business activities. and future operating performance. Forward-looking information is often identified by the words “could”, “would”, “could”, “should”, “expect” or similar expressions and includes information concerning: the potential of 3PL to distribute its flower on world markets; and expectations regarding other economic, business and / or competitive factors. Forward-looking information is necessarily based on a number of estimates and assumptions which, although believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors that may cause actual results to occur. and future events differ materially from those expressed or implied. by this forward-looking information. Examples include statements that the Company will operate in a tax disciplined manner; create long-term shareholder value; reduce operating expenses; or increase its turnover and gross margins.Investors are cautioned that forward-looking information is not based on historical facts but rather reflects management’s expectations, estimates or projections regarding future results or events based on management’s opinions, assumptions and estimates believed to be reasonable at the time. date the declarations are made. Although the Company believes that the expectations reflected in this forward-looking information are reasonable, such information involves risks and uncertainties, and such information should not be relied upon because unknown or unforeseeable factors could have material adverse effects on the Company. the future results, performance or achievements of the Company. Key factors that could cause actual results to differ materially from those projected in the forward-looking information include: regulatory and licensing risks; changes in consumer demand and preferences; changes in economic, trade and general political conditions, including changes in financial markets; the global cannabis regulatory landscape and enforcement, including political risks and risks associated with regulatory changes; compliance with extensive government regulations; public opinion and perception of the cannabis industry; the impact of COVID-19; and the risk factors set out in the Company’s Annual Information Form dated March 16, 2021, filed with the Canadian securities regulatory authorities and available on the Company’s profile on SEDAR at www.sedar.com.If one or more of these risks or uncertainties materialize, or if the assumptions underlying the forward-looking information prove to be incorrect, actual results could differ materially from those described herein as intended, planned, anticipated, believed, estimated. or expected. Although the Company has attempted to identify risks, uncertainties and important factors that could cause actual results to differ materially, there may be others that could cause results not to be as anticipated. , estimated or planned. Therefore, readers should not place undue reliance on forward-looking information, which speaks only as of the date of this press 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.
Avant Brands Inc. 1-800-351-6358 [email protected]
Source: Avant Brands Inc.