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Avant Brands Inc. press release (AVNT:CA): Q1
Gross revenue: $8.4 million (-14%)
Net revenue: $7.1 million (-18%)
Recreational revenue: $3.9 million (+37%)
Export wholesale revenue: $1.6 million (-67%)
Domestic wholesale revenue: $1.6 million (+74%)
Recreational revenue increased by 37%, driven by an improved focus on top-performing, high-velocity SKUs and strong market share performance in Ontario.
Adjusted EBITDA1 was negative $0.7 million, compared to positive $1.7 million in Q1 2025.
