Avant Brands Completes Full Repayment of $9.5M Convertible Debenture

Avant Brands Inc., a prominent cannabis producer based in Kelowna, has successfully repaid its $9.5 million secured convertible debenture. This repayment finalizes the debt originally linked to the 2023 acquisition of 3PL Ventures Inc. The move strengthens Avant's balance sheet by eliminating its largest recurring debt obligation and releases key assets from security, reflecting the company's commitment to disciplined financial management.

During Fiscal Year 2025, Avant significantly reduced its debt by $4 million. The achievement aligns with the company's eighth consecutive quarter of positive Adjusted EBITDA and a notable increase in operating cash flows. Avant's CEO, Norton Singhavon, emphasized the importance of this milestone in enhancing shareholder value and setting the stage for future growth.

With a strengthened balance sheet, Avant plans to expand globally and further develop high-margin product categories while focusing on operating leverage and positive cash flow. This milestone represents the fifth fully retired loan in the company's history.