Avant Brands Announces Change of Auditor
KELOWNA, BC – July 26, 2022 – Avant Brands Inc. (TSX: AVNT) (OTCQX: AVTBF) (FRA: 1BU0) (“Avant” or the “Company”), a leading producer of premium handcrafted cannabis products, announces that it has changed its auditor from Manning Elliott LLP (the “Former Auditor”) to Ernst & Young LLP (the “Successor Auditor”). The Company decided to change its auditor effective July 26, 2022 and the board of directors of the Company (the “Board”) appointed the Successor Auditor on July 26, 2022, until the close of the next annual meeting of the shareholders of the Company or until its successor is appointed.
The Board and audit committee of the Company (the “Audit Committee”) each approved the resignation of the Former Auditor and the appointment of the Successor Auditor in place of the Former Auditor. There were no reservations or modified opinions in the Former Auditor’s audit reports for any financial period during which the Former Auditor was the Company’s auditor and there are no “reportable events” (as defined in National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”)) between the Company and the Former Auditor. The Notice of Change of Auditor was approved by the Board.
In accordance with NI 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the Audit Committee and Board and have been filed on SEDAR.
About Avant Brands Inc.
Avant is an innovative, market-leading cannabis company. Avant has multiple licensed and operational production facilities across Canada, which produce high-quality, handcrafted cannabis products for our highly desired and award-winning consumer brands, sold across both recreational and medical channels.
Avant’s recreational consumer brands include BLK MKT™, Tenzo™, Cognōscente™ and Treehugger™, all produced from rare and exceptional cultivars, and sold in British Columbia, Ontario, Saskatchewan,
Manitoba, New Brunswick, and Yukon. The Company’s medical cannabis brand, GreenTec™, is distributed nationwide, directly to qualified patients through its GreenTec Medical portal, and through various medical cannabis partners.
Avant is a publicly traded corporation listed on the Toronto Stock Exchange (TSX: AVNT), and cross- trades on the OTCQX Best Market (OTCQX: AVTBF) and Frankfurt Stock Exchange (FRA: 1BU0). The Company is headquartered in Kelowna, British Columbia and has operations in British Columbia, Alberta and Ontario.
To learn more about Avant, to access the investor presentation, or learn more about its consumer brands, please visit www.avantbrands.ca.
For additional information, please contact:
Investor Relations at Avant Brands Inc.
1-800-351-6358
ir@avantbrands.ca