Avant Brands Reports Fiscal 2021 Audited Results
- Delivered record gross revenues of $11 million - representing 25% growth from the prior year
- Increased recreational cannabis sales by $1.8 million or 29% - demonstrating the demand for Avant's brands
- Improved production output by 13% - reflecting the initiatives to boost operational efficiencies
- Progressed towards positive Adjusted EBITDA (C) , with a $1.6 million loss
- Maintained a strong capital position with $14.3 million of cash, $23.8 million of working capital and all debt eliminated