Avant Brands Reports Q1 2025 Financial Results

Avant Brands Inc., a producer of award-winning cannabis products, announced its financial results for Q1 2025, ending February 28. The company reported an 8% increase in gross revenue to $9.7 million and a 7% rise in net revenue to $8.6 million compared to Q1 2024. The growth is attributed to strong international demand, especially in Australia, Germany, and Israel, contributing to a 41% increase in export wholesale revenue.

Gross profit rose to $1.6 million, up from $0.9 million the previous year. The company also achieved a positive adjusted EBITDA of $1.7 million for the fifth consecutive quarter. However, gross margin adjusted for fair value adjustments decreased to 34% due to market price compression and increased input costs.

Despite a 16% decline in recreational revenue and a 28% drop in domestic wholesale revenue, Avant remains focused on international expansion and long-term profitability.