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Cannabis producer Avant Brands Inc. (TSX:AVNT) (OTCQX:AVTBF) (FRA: 1BUP) reported its financial results on Monday for the second quarter ended May 31, 2024.
The British Columbia-based company said in a press release that it has achieved "significant financial milestones driven by strategic international expansion and operational improvements."
“Avant Brands is on a strong trajectory, and our Q2 2024 results demonstrate the effectiveness of our strategic initiatives. We are capitalizing on the growing international demand for premium cannabis products, while also achieving record profitability," Norton Singhavon, the company's founder and CEO, said. "With a focus on international markets and operational excellence, we are well-positioned for long-term success.”
The company said it has undertaken a total of nine international agreements fiscal year to date, with products already shipped to one client and shipments pending for a further five clients.
These new clients represent near-term growth potential spanning territories such as Australia, Germany and Israel, along with new opportunities developing in the Czech Republic, Poland, Portugal, Switzerland and the UK.
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