Business
Avant Brands Adopts Shareholder Rights Plan
KELOWNA, BC / ACCESS Newswire / January 9, 2026 /Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company"), a leading producer of innovative and award-winning cannabis products, announces that its board of directors (the "Board") ...
About this update from Avant Brands Inc
[{"type":"text","content":"KELOWNA, BC / ACCESS Newswire / January 9, 2026 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company"), a leading producer of innovative and award-winning cannabis products, announces that its board of directors (the "Board") has approved the adoption of a shareholder rights plan (the "Shareholder Rights Plan"), pursuant to a shareholder rights plan agreement entered into with Computershare Investor Services Inc., as rights agent, dated and effective January 9, 2026.","length":537,"tagName":"p"},{"type":"text","content":"The purpose of the Shareholder Rights Plan is to provide the Board and shareholders of the Company with adequate time to consider and evaluate any unsolicited take-over bid; to provide the Board with time to identify, solicit, develop and negotiate value-enhancing alternatives, as may be considered appropriate, in response to any unsolicited take-over bid; and to encourage potential bidders to treat Avant's shareholders fairly in connection with an unsolicited take-over bid and provide shareholders with full and fair value for their shares. The Shareholder Rights Plan is similar to modern rights plans adopted by other Canadian public companies and ratified by their shareholders. It was not adopted in response to any specific proposal or intention to acquire control of the Company.","length":795,"tagName":"p"},{"type":"text","content":"The Shareholder Rights Plan has been conditionally accepted by the Toronto Stock Exchange (the "TSX"), subject to certain customary conditions, including ratification by Avant's shareholders at its annual general meeting of shareholders (the "Meeting"), to be held in May 2026. If ratified by shareholders of Avant at the Meeting, the Shareholder Rights Plan will remain in effect for a term of three years following such ratification.","length":459,"tagName":"p"},{"type":"text","content":"A copy of the complete Shareholder Rights Plan will be available under Avant's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.avantbrands.ca.","length":176,"tagName":"p"},{"type":"text","content":"About Avant Brands Inc.","length":23,"tagName":"p"},{"type":"text","content":"Avant Brands Inc. (TSX: AVNT) (OTCQX: AVTBF) (FRA: 1BU0) is a leading innovator in premium cannabis p...