Canadian Weed Company Sees Record Quarterly Revenue Driven By Robust International Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
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Source: Benzinga
Financial Performance: Avant Brands Inc. reported a record revenue of CA$8.5 million for the fiscal third quarter, marking a 30% increase from the previous year, despite a decrease in gross profit due to biological asset valuation impacts.
International Expansion Strategy: The company is focusing on international growth, having executed nine agreements this fiscal year, with strong demand for its premium cannabis products in markets like Australia, Germany, and Israel, which collectively offer significant growth potential.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
