Avant Brands Achieves Positive Net Income and Revenue Growth in Q3 2026

Avant Brands Inc., based in Kelowna, BC, reported a notable turnaround in its financial results for the third quarter of 2026, ending August 31. The company recorded a positive net income of $0.2 million, marking a significant shift from a $1.9 million loss in the same period the previous year. This was supported by a 51% growth in recreational revenue, reaching $4.1 million.

The strategic change from low-margin wholesale to a focus on high-margin branded products such as BLK MKT™ and Tenzo™ has driven this performance improvement, aligning with stronger market share and enhanced operational efficiencies. The LED lighting retrofit at the Flowr facility boosted the kilogram harvest by 57.5%, reflecting environmental and operational investments.

Despite a reduction in gross and net revenue compared to Q3 2025, the company's adjusted EBITDA improved to $1.3 million. Cash position slightly decreased to $1.1 million, yet operational cash flow remains positive at $0.9 million.