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Exports, wholesale revenue soar for Avant Brands

Published on July 25, 2025 by Pat Bulmer

Photo: Contributed

Wholesale revenues were way up in the latest financial quarter for Kelowna-based Avant Brands.

“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 claimed in a quarterly financial statement.

Export wholesale revenue reached $4.1 million, representing an 11% increase over the same quarter a year ago, the statement said. Sales were particularly strong to Germany, Israel and Australia.

“Domestic wholesale revenue reached $1.3 million, representing a 31% increase over Q2 2024,” the statement said.

The company achieved an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $1.2 million, marking the sixth consecutive quarter of positive adjusted EBITDA. EBITDA is one of the most-watched of the financial categories.

“Gross revenue increased 3% to $9.7 million, while net revenue increased 3% to $8.5 million as compared to Q2 2024, driven by sustained international demand for premium cannabis and strong relationships with customers,” the statement said.

“We are establishing ourselves as the leading Canadian exporter of high-grade cannabis, trusted by top-tier distributors,” said founder and CEO Norton Singhavon. “As international demand accelerates, our focus remains on building globally recognized brands and solidifying Avant’s position as the standard for Canadian cannabis on the world stage.”

“Recreational revenue declined because of a strategic shift toward higher-margin, top-performing SKUs (brands). This realignment is expected to drive long-term profitability, while resources continue to be prioritized toward scaling international operations,” the statement said.

Avant operates production facilities across the country, Its brands include blk mkt, Tenzo, Cognoscente, flowr and Treehugger.