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Avant Brands Reports Q3 2026 Results Highlighted by Positive Net Income and 51 % Growth in Recreational Revenue Oct 15 Reports & Financials Oct 15 Written By Net income of $ 0.2 million , compared to a net loss of $ 1.9 million in Q3 2025 • Adjusted EBITDA of $ 1.3 million , compared to $ 0.2 million in Q3 2025 • Flowr kilograms harvested increased 57.5 % , from 807 kg in Q2 2026 to 1,272 kg in Q3 2026 , following the LED retrofit Kelowna , B.C. , October 15 , 2026 , Avant Brands Inc. ( TSX : AVNT ) ( OTCQX : AVTBF ) ( FRA : 1BUO ) ( " 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 , 2026 ( " Q3 2026 " ) . With an expanding global footprint , Avant has established itself as a leading Canadian producer of ultra- premium cannabis , delivering brands at a commercial volume that continues to be outpaced by market demand . Norton Singhavon , Founder & CEO of Avant Brands commented : " Q3 was an inflection point for Avant . Returning to positive net income of $ 0.2 million and increasing Adjusted EBITDA to $ 1.3 million reflects our deliberate pivot away from low margin bulk wholesale toward high margin branded recreation . Recreational sales grew 51 % to $ 4.1 million , representing more than half of our net revenue and driven by ongoing market share gains in BLK MKTT and Tenzo ™ . Operationally , the LED retrofit at Flowr delivered an immediate 57.5 % sequential increase in kilograms harvested . Over the past two years we reduced interest bearing debt from $ 8.1 million to $ 0.9 million , giving us the financial footing to reinvest in our facilities and build out our international export channels . " Q3 2026 Financial Highlights ( vs. Q3 2025 ) : Revenue : • Gross revenue : $ 9.0 million ( -16 % ) • Net revenue : $ 7.3 million ( -22 % ) • Recreational revenue : $ 4.1 million ( + 51 % ) . • Export wholesale revenue : $ 2.1 million ( -50 % ) • Domestic wholesale revenue : $ 1.1 million ( -52 % ) Gross profit : Gross profit increased to $ 2.5 million , compared to a gross profit of $ 1.7 million in Q3 2025 . Net Income : Net income was $ 0.2 million , compared to a net loss of $ 1.9 million in Q3 2025 . Adjusted EBITDA1 : Adjusted EBITDA1 improved to $ 1.3 million , compared to $ 0.2 million in Q3 2025. The increase was driven by a higher - margin sales mix , stronger gross margins , and lower operating expenses .