Avant Brands Announces Results for Q3 2025

KELOWNA, BC / ACCESS Newswire / October 15, 2025 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BUP) ("Avant" or the "Company"), a leading producer of innovative and award-winning cannabis products, today released its financial results for the third quarter ended August 31, 2025 ("Q3 2025"). With a growing international footprint and deep penetration into key global medical markets, Avant continues to scale as the go-to Canadian exporter for top-shelf cannabis at commercial volume. The Company delivered its eighth consecutive quarter of positive adjusted EBITDA¹, supported by growth in domestic wholesale revenue and disciplined operational execution.

(1) Adjusted EBITDA is a non-GAAP performance measure. The information is incorporated by reference from the Q3 2025 MD&A filings under "Cautionary Statement Regarding Certain Non-GAAP Performance Measures". The Company's MD&A is available on SEDAR+ at www.sedarplus.com

Highlights include:

• Gross and net revenue increases: Quarterly gross revenue increased 13% to $10.8 million, while net revenue increased 11% to $9.4 million as compared to Q3 2024, driven by sustained international and domestic demand for premium cannabis.

• Gross profit: Year to date ("YTD") gross profit increased to $3.1M, representing a 3851% increase compared to YTD Q3 2024.

• Adjusted EBITDA¹: Achieved adjusted EBITDA¹ of $0.2 million, marking the eighth consecutive quarter of positive adjusted EBITDA¹.

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Adjusted EBITDA is a non-GAAP performance measure. The information is incorporated by reference from the Q3 2025 MD&A filings under "Cautionary Statement Regarding Certain Non-GAAP Performance Measures". The Company's MD&A is available on SEDAR+ at www.sedarplus.com

• Net cash flows generated from operating activities: YTD net cash flows generated from operating activities increased 111% to $3.7 million as compared to YTD Q3 2024.

Avant Brands Founder & CEO Norton Singhavon Comments:

"Avant's performance this quarter reflects both the strength of our international partnerships and the resilience of our Canadian platform. By consistently supplying premium cannabis at scale, we continue to earn the confidence of distributors in markets such as Germany, Israel, and Australia, while reinforcing our leadership in Canada's recreational market. With disciplined cost management and a sharpened focus on high-performing SKUs, Avant is building lasting brand equity in Canada and on the global stage."