International Expansion Still Major Growth Driver For Canadian Cannabis Co. Avant, Reports 4% YoY Increase In Q2 Net Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 17 2024
0mins
Source: Benzinga
Financial Results of Avant Brands Inc.:
- Gross revenue increased by 5% to CA$9.4 million, with net revenue rising by 4% to CA$8.3 million, driven by international sales growth.
- Achieved positive adjusted EBITDA of CA$2.8 million in the second quarter ended May 31, 2024.
International Expansion and Strategic Initiatives:
- Avant Brands Inc. reported record Q2 2024 results due to strategic international expansion efforts and operational improvements.
- The company has secured nine international agreements this fiscal year, targeting markets like Australia, Germany, Israel, Czech Republic, Poland, Portugal, Switzerland, and the UK.
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Analyst Views on AVNT
Wall Street analysts forecast AVNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVNT is 39.80 USD with a low forecast of 34.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 36.010
Low
34.00
Averages
39.80
High
50.00
Current: 36.010
Low
34.00
Averages
39.80
High
50.00
About AVNT
Avient Corporation provides materials solutions. Its portfolio of offerings includes colorants, advanced composites, functional additives, engineered materials, and Dyneema (its ultra-high-molecular-weight polyethylene). Its end markets include consumer, packaging, defense, healthcare, industrial, transportation, building and construction, telecommunications and energy. Its segments include Color, Additives and Inks, and Specialty Engineered Materials. Color, Additives and Inks segment provides specialized custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks. Color and additive solutions include an array of colors, special effects and performance-enhancing and sustainable solutions. Specialty Engineered Materials segment provides specialty polymer materials, services and solutions for designers, assemblers and processors of thermoplastic materials across a variety of markets and end-use applications.
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.
Analysis of Avient Corp Dividend Predictions
- Dividend Volatility: Avient Corp's dividend amounts are influenced by the company's profitability fluctuations, indicating that dividends may not always be predictable, which could affect investor return expectations.
- Annual Yield Expectations: Current data suggests that investors expect a 3% annual yield from Avient Corp's dividends, but this expectation should be approached with caution as it is closely tied to the company's profitability.
- Historical Data Reference: By analyzing the historical dividend chart for AVNT, investors can better assess the sustainability of the recent dividend, enabling more informed investment decisions.
- Market Perspectives: While the author's views do not necessarily reflect those of Nasdaq, the analysis of Avient Corp's dividends provides crucial insights for investors to evaluate potential risks and returns.

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- Market Environment Shift: The pro-crypto policies implemented by the Trump administration have allowed Robinhood to expand its cryptocurrency offerings, reflecting the growing acceptance of crypto assets in the market, which could drive future user growth for the company.
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