Avant Brands Inc. provided an update on its export sales initiatives. Avant is excited to announce that it has executed four new cannabis export agreements in the past eight weeks. As a result, the Company now has a total of 11 active export agreements spanning three key markets (Israel, Australia and Germany).

Furthermore, the Company has already commenced processing export permits and purchase orders for some of these new supply agreements. In addition to executing international cannabis supply agreements, the Company is pursuing international trademark licensing agreements focused on its BLK MKTTM brand (which can currently only be utilized with flower cultivated by Avant). These agreements create an incremental revenue stream for the Company while building its brand on the global stage.

The first such agreement for the Israel market was signed in 2022. The Company is currently exploring expanding its licensing agreements into other markets and expects to provide additional updates in the future. Avant would also like to confirm that it is not one of the named companies in the anti-dumping investigation being conducted by Israel's Ministry of Economy.

Avant's international business model is based on distributing premium quality flower at premium prices and conscientiously avoids selling product at low price points. Avant's three largest cultivation facilities all hold ICANN-GAP and GACP certifications; thus, the Company is well-positioned to distribute its premium cannabis flower into international markets. Additional details on the Company's export capabilities are provided in the Avant Export Deck.

The Company's export sales are all current, and as of the date of this release, no amounts have been written off as bad debts in relation to international sales.