Avenir Wellness Solutions Reports Third Quarter 2023 Results - Seite 2

Fine tuning our SEO and successful monthly campaigns like theSkimm continue to deliver as we execute on our strategy to build our brands," said Nancy Duitch, Avenir CEO.

Operational Highlights

Other operational highlights during the third quarter of 2023 included:

• Our new beauty subscription program has grown sequentially by 50% quarter over quarter.
• Our DNA Complex hero product continues to perform as our subscription based grows.
• Wholesale sales led by Amazon and Walmart continue to grow with all the positive product reviews. Amazon was a particular bright spot with volume growth despite retail price increases to match our ecommerce site which increased margins to 85%.

Governance and Reporting Update

The Company regained compliance with the requirements of the OTCQB Standards and fulfilled all of the OTC Markets Group's requirements for the re-listing of its common stock on the OTCQB. On September 14, 2023, the OTC Markets Group notified us that our common stock would be moved from the OTC Pink Market back to the OTCQB, which became effective September 15, 2023.

For further details, please visit our website to review our most recent Form 10-Q filed on November 14, 2023 at: http://www.avenirwellness.com/sec-filings/

About Avenir Wellness Solutions, Inc.

Avenir Wellness Solutions, Inc. (OTCQB:AVRW) is a broad platform technology company that develops proprietary wellness, nutraceutical, and topical delivery systems which are integrated into our wellness and beauty products and sold directly to the consumer. The technology, which is based on (15) fifteen current patents, offers a number of unique immediate- and controlled-release delivery vehicles designed to improve product efficacy, safety, and consumer experience for a wide range of active ingredients. The Company will continue down the path of creating new technologies that is part of its incubator strategy in order to monetize its intellectual property as well as expand our product lines utilizing the technology. As a vertically integrated platform company, Avenir looks to partner or license its IP technology with wellness companies worldwide. For more information visit: www.avenirwellness.com.