Premium Cannabis Brand Climbs the Rankings as Debt Nearly Disappears
Canada's cannabis industry has shifted from a race for production scale to a battle for brand loyalty. As pricing pressure persists, companies with premium products and disciplined balance sheets are increasingly separating themselves from competitors that spent years chasing growth at any cost.Shares of Avant Brands Inc. (TSX: AVNT) (OTCQX: AVTBF) are climbing Wednesday after the company reported second quarter results highlighted by 34% year-to-date growth in recreational revenue and a dramatic reduction in debt to approximately C$1 million.Q2 gross revenue totaled C$9.2 million, down ...