Business
Avant Brands Fully Repays $9.5M Secured Convertible Debenture
KELOWNA, BC / ACCESS Newswire / December 8, 2025 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(F...
About this update from Avant Brands Inc
[{"type":"text","content":"Avant Brands Fully Repays $9.5M Secured Convertible DebentureKELOWNA, BC / ACCESS Newswire / December 8, 2025 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) (\"Avant\" or the \"Company\"), a leading producer of innovative and award-winning cannabis products, today announced the full repayment of its $9.5 million amended and restated convertible debenture (the \"A&R Debenture\"). The final payment was completed in November 2025, retiring in full the obligation originally issued in connection with the 2023 acquisition of 3PL Ventures Inc.The successful retirement of the A&R Debenture eliminates Avant's largest monthly recurring debt obligation, strengthens the Company's balance sheet, and releases key operating assets from security. The repayment is part of a consistent focus on deleveraging: Avant has now repaid approximately $4 million in total debt during Fiscal Year 2025, reinforcing its ongoing commitment to disciplined financial management. This follows Avant's eighth consecutive quarter of positive Adjusted EBITDA¹ and a 111% year-over-year increase in year-to-date cash flows from operating activities to $3.7 million².Key HighlightsDebt Fully Extinguished: The full principal amount of the $9.5 million A&R Debenture was retired in November 2025.No Conversion: Repayment was completed without any conversion into common shares.Balance Sheet Strength: Eliminates the Company's largest recurring monthly debt obligation, enhancing liquidity for growth initiatives.Unencumbered Operating Assets: Key real estate assets-including Grey Bruce Farms and Tumbleweed Farms-are now unencumbered.Execution and Discipline: Completed 32 consecutive payments since the note's initial issuance in February 2023.Continued Performance: Reinforces Q3 2025 results-Avant's eighth consecutive quarter of positive Adjusted EBITDA¹, driven by 13% gross revenue growth to $10.8 million2 and a 68% increase in gross profit to $1.7 million2.Recognized Growth: Named one of The Globe and Mail's Top Growing Companies for the third consecutive year, ranking 138th with 263% three-year revenue growth³.¹ Adjusted EBITDA is a non-GAAP performance measure. See the Company's Q3 2025 MD&A available on SEDAR+ at www.sedarplus.ca.² As reported in the Q3 2025 financial results.³ As announced by The Globe and Mail on Sept...