Avant Brands Swings to Third-Quarter Profit

11:40 AM EDT, 10/15/2026 (MT Newswires) -- Avant Brands (AVNT.TO) on Thursday reported a swing to a fiscal third-quarter net income of CA$0.2 million, from a loss of CA$1.9 million, in the prior year period. The British Columbia-based cannabis producer reported net revenue fell 22% to CA$7.3 million over the same period. The decline was due to significant fall in domestic and export wholesale revenue, Avanti said. Recreational revenue jumped 51% to CA$4.1 million. Avanti said it will continue to prioritize branded recreational sales in Canada, where its products BLK MKT and Tenzo have proven to be very popular in Ontario. Avanti Brands shares were last seen up CA$0.04 at CA$0.57 on the Toronto Stock Exchange. Price: 0.57, Change: +0.04, Percent Change: +7.55