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Avant Brands Inc (QX)

Avant Brands Inc (QX) (AVTBF)

0.0461
0.00055
(1.21%)
Closed July 19 4:00PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
0.0461
Bid
0.04
Ask
0.0461
Volume
373,684
0.043 Day's Range 0.0461
0.04 52 Week Range 0.2496
Market Cap
Previous Close
0.04555
Open
0.043
Last Trade Time
Financial Volume
$ 16,714
VWAP
0.044727
Average Volume (3m)
278,671
Shares Outstanding
259,088,554
Dividend Yield
-
PE Ratio
-3.06
Earnings Per Share (EPS)
-0.02
Revenue
26.34M
Net Profit
-5.07M

About Avant Brands Inc (QX)

Sector
Pharmaceutical Preparations
Industry
Unit Inv Tr, Closed-end Mgmt
Website
Headquarters
Kelowna, British Columbia, Can
Founded
2019
Avant Brands Inc (QX) is listed in the Pharmaceutical Preparations sector of the OTCMarkets with ticker AVTBF. The last closing price for Avant Brands (QX) was $0.05. Over the last year, Avant Brands (QX) shares have traded in a share price range of $ 0.04 to $ 0.2496.

Avant Brands (QX) currently has 259,088,554 shares outstanding. The market capitalization of Avant Brands (QX) is $11.80 million. Avant Brands (QX) has a price to earnings ratio (PE ratio) of -3.06.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.0006-1.284796573880.04670.050.0433740130.04599541CS
4-0.002-4.1580041580.04810.05490.042691420.04769535CS
12-0.0133-22.39057239060.05940.06750.042786710.05251798CS
26-0.0544-54.12935323380.10050.12020.043650190.06930827CS
52-0.0786-63.03127506010.12470.24960.043552310.10260038CS
156-0.4239-90.19148936170.470.64340.043152470.19323045CS
260-0.5339-92.05172413790.580.660.043162180.19589852CS

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AVTBF Discussion

View Posts
ernie44 ernie44 1 year ago
isnt anyone running out or GUMMIES yet ???


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ernie44 ernie44 1 year ago
5 percet gain didnt entice new buyers----just the regular pump n dumpers


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ernie44 ernie44 2 years ago
News on profits didnt do much for the stock
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ernie44 ernie44 2 years ago
sold half of the stock to buy nat. gas bearish futures, anyway loading up the train with the flowers seems right.

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Gusjarvis Gusjarvis 2 years ago
First brand out of Vernon sold out in three minutes it’s the buzz of the weed stores. The new strains are world class Just got the animal sorbet it’s unreal!!
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ernie44 ernie44 2 years ago
...... we know the family that manages the farms, but not the CEO
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Gusjarvis Gusjarvis 2 years ago
You’re right but there was already a GTEC on the Toronto exchange. They will be good record revenue and their new products will all sell out. The new cultivators are the buzz of the weed stores!!
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ernie44 ernie44 2 years ago
the old name was well known----should not have changed it



the train has left the station
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ernie44 ernie44 2 years ago
2022 could be a better year---more rich people are out and about and will buy cannabus products ..AS I HAVE SEEN
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ernie44 ernie44 3 years ago
NEWS out------- no promisses
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ernie44 ernie44 3 years ago
SELL PEPI COLA---Buy Coka Cola

-
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ernie44 ernie44 3 years ago
fighting for a new low

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ernie44 ernie44 3 years ago
am in like flynn
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Renee Renee 3 years ago
Effective July 1,2021 GGTTF will change to AVTBF:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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Renee Renee 3 years ago
GTEC Holdings Ltd. changed to Avant Brands Inc.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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Gusjarvis Gusjarvis 3 years ago
It’s coming those were actually great financials. More revenues in the start of the second quarter than the whole first quarter. So I would relax and buy more!I said six months. They also won the the best weed in the world as Canada makes the best weed!
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name name 3 years ago
Where are you now? where is the five, not to mention the ten?
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Gusjarvis Gusjarvis 3 years ago
It will be five bucks in six months
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Gusjarvis Gusjarvis 3 years ago
Just amazing news this should be at 1.25 already
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IanWhitfield IanWhitfield 3 years ago
Focus Medical - An Israeli medical cannabis company.

https://www.gtec.co/gtec-enters-global-cannabis-market-with-export-agreement-to-israel/

The Company has entered into an agreement with Focus Medical Herbs Ltd. (“Focus Medical“), an Israeli medical cannabis company with which IM Cannabis Corp. (“IMC”) (NASDAQ: IMCC) has exclusive distribution agreements to export cannabis from Canada to Israel, subject to meeting all regulatory requirements both in Israel and Canada. Under the terms of this agreement, GTEC is expected to become a key supplier of cannabis to Focus Medical. The Company’s initial shipments of cannabis will be produced by its wholly-owned subsidiary, Grey Bruce Farms (“GBF”), located in Tiverton, Ontario, with the expectation that GTEC will export 500 to 1,000 KG per year.
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Gusjarvis Gusjarvis 3 years ago
Ten bagger

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Gusjarvis Gusjarvis 3 years ago
Two big news release ready their Vernon facility will double capacity and is completed and a killer fourth quarter with Ontario sales
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Rookiemove Rookiemove 3 years ago
Gapping up, let's see $1 today!!
$GGTTF
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Gusjarvis Gusjarvis 3 years ago
This is the best product in Canada. And a bargain beyond belief even now. Only real quality products are going to make it and large companies with poor quality are going down.
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realtynj realtynj 3 years ago
wow, what happened at noon? weeeee!!!!
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TrendTrade2016 TrendTrade2016 3 years ago
GTEC.V get ready to rumble ...a monster n the making!!
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splinter68 splinter68 3 years ago
One helluva good day today.
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splinter68 splinter68 3 years ago
Good news today. Website to sell direct to MMJ patients.
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splinter68 splinter68 4 years ago
Have seen nothing but good reviews of the product. The premium price tag is the only downside, so catering to those that appreciate the quality and less to the common buyer. But I am ok with that at this stage.
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IanWhitfield IanWhitfield 4 years ago
Good news about product launch in Ontario.

https://www.gtec.co/gtec-launches-cannabis-brands-tenzo-blkmkt-in-ontario-ocs/
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BlueGreenPower BlueGreenPower 4 years ago
Nice photo and review of Cherry Punch :)

https://www.reddit.com/r/RecPics/comments/ffhbe9/blkmkt_cherry_punch_2723_thc/

The sector may be tanking, but GTEC still growing the fire. Like :)
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BlueGreenPower BlueGreenPower 4 years ago
They should call their next brand Milestone :)
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BlueGreenPower BlueGreenPower 4 years ago
Correction 3.5 grams Cherry Punch available at Spiritleaf.

They have the 1.0 grams at BCCS now.
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BlueGreenPower BlueGreenPower 4 years ago
Glad to see the Cherry Punch 3.5 gram packs are back at BCCS. Hopefully they are near the beginning of a continuous supply. It's their flagship strain that should always be growing at multiple facilities. They can experiment with other strains later. Keep the punch flowing Norton :)
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BlueGreenPower BlueGreenPower 4 years ago
Coming Back:) Liking the numbers:)

GTEC Provides Updates on Production and Sales

https://www.globenewswire.com/news-release/2020/02/12/1983818/0/en/GTEC-Provides-Updates-on-Production-and-Sales.html

Hopefully less Saskatoon Berry & more Cherry Punch:) If you've got a winner, stick with it...
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BlueGreenPower BlueGreenPower 4 years ago
Moving on. glta
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BlueGreenPower BlueGreenPower 4 years ago
Before the branding controversy GTEC seemed to be on a upward trend. The new stains were being highly rated by customers for quality, and potency. Shipments of products were selling out quickly on the BC Cannabis Store website. The BLKMKT brand seemed to be a hit until the Lift & Co Expo where GTEC unveiled its questionable tag line, Once you go BLK. This brought race into the picture, and permanently stained the BLKMKT brand for the future.

I give GTEC credit for pointing out their diversity, and honest intention to be nothing more than edgy, but now they must publicly pull the brand, or they could have problems with supply agreements from provinces unwilling to sell the brand, or retailers that see it as a risk to carry.

GTEC needs to further review their branding, and upon further review admit they made a unintentional, but insensitive mistake and discontinue the brand immediately. It would create some good press if done properly. It's time for GTEC to act or get more of this. imho glta


BLK MKT cannabis brand sparks controversy over racist marketing

https://www.leafly.com/news/industry/blk-mrkt-racist-marketing

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BlueGreenPower BlueGreenPower 4 years ago
Before the branding controversy GTEC seemed to be on a upward trend. The new stains were being highly rated by customers for quality, and potency. Shipments of products were selling out quickly on the BC Cannabis Store website. The BLKMKT brand seemed to be a hit until the Lift & Co Expo where GTEC unveiled its questionable tag line, Once you go BLK. This brought race into the picture, and permanently stained the BLKMKT brand for the future.

I give GTEC credit for pointing out their diversity, and honest intention to be nothing more than edgy, but now they must publicly pull the brand, or they could have problems with supply agreements from provinces unwilling to sell the brand, or retailers that see it as a risk to carry.

GTEC needs to further review their branding, and upon further review admit they made a unintentional, but insensitive mistake and discontinue the brand immediately. Most investors don't like controversy, or uncertainty, as evidenced by the current downward trend. It's time for GTEC to swallow its pride and act. imho glta
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BlueGreenPower BlueGreenPower 4 years ago
GTEC should rethink their organic strategy. It's doesn't appear to be that big of a market according to this article. Especially if they don't get the results they were expecting. No time to experiment with different cultivation methods when they're already getting good results.

https://thedeepdive.ca/the-green-organic-dutchman-being-realistic-on-organics/
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BlueGreenPower BlueGreenPower 5 years ago
**NEWS** Corporate Statement on the BLK MKT Brand & Marketing Campaign

https://www.gtec.co/corporate-statement-on-the-blk-mkt-brand-marketing-campaign/#.Xh_RQBn_PGE.twitter

GTEC needs to rethink their branding in light of this controversy. Never liked the blkmkt brand name from the beginning because it implies illegal activity, and questionable quality. GTEC should also rethink its Tree Hugger brand name, a term that historically was used to marginalize environmentalists.

My hope is that GTEC discontinues it's blkmkt brand before it gets politicized, and sticks with GreenTec for medical, TENZO for premium, and maybe TENZO Reserve for ultra-premium. BLKMKT is selling well because it has some of the highest THC content on the market, not because of the name. Time to put this controversy behind them. imho

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BlueGreenPower BlueGreenPower 5 years ago
GTEC's Cherry Punch flower has sold out on the BC Cannabis website. Limited quantities of Wedding Crasher are still available. Like :)
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BlueGreenPower BlueGreenPower 5 years ago
GTEC about to sell out its 3rd resupply of Wedding Crasher & Cherry Punch on the BC Cannabis Stores website. Currently only limited quantities remain. Get some while you can :) imho glta
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BlueGreenPower BlueGreenPower 5 years ago
Looks like GTEC has sold out its TENZO branded Cold Creek Kush on Spiritleaf's website. This is good because Spirtleaf has 43 branded stores in Canada. This one customer alone could sell through GTEC's total harvest output. Plus its selling at one of the highest price points on their site. imho glta
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BlueGreenPower BlueGreenPower 5 years ago
Better Brand names than BLKMKT

BLKSUN

BLKMOON

BLKSTAR
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BlueGreenPower BlueGreenPower 5 years ago
GTEC's Cherry Punch is now a "Top Hit" on the Prairie Records Cannabis Stores website. GTEC's Cold Creek Kush still #1 on CannMart as well. Congrats to the GTEC team.
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BlueGreenPower BlueGreenPower 5 years ago
**Update** Thank You for a Remarkable and Transformational Year

https://www.gtec.co/thank-you-for-a-remarkable-year-2019/#.XguFS_eYGAo.twitter

Great job in 2019 GTEC. Good luck in 2020.
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Golden Cross Golden Cross 5 years ago
Looks to be steadily coming off its bottom here nicely...$GGTTF
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BlueGreenPower BlueGreenPower 5 years ago
Thanks for the update GC. Glad to see the genetics partnership is continuing. Liking that the first two acquired strains of Cherry Punch & Wedding Crasher, under GTEC's BLKMKT brand, are selling out on the BC Cannabis website. Looking forward to more exclusive high THC ultra-premium strains in the future. GTEC making good progress. imho glta
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Golden Cross Golden Cross 5 years ago
GTEC Extends Agreement to Facilitate Acquisition of Cannabis Genetics and Provides Updates on Other Corporate Matters

Press Release | 12/24/2019
Kelowna, BC, Dec. 24, 2019 (GLOBE NEWSWIRE) -- GTEC Holdings Ltd. (TSX-V:GTEC) (OTC:GGTTF) (FRA:1BUP) (“GTEC” or the “Company”) is pleased to announce that it has extended and revised its agreement with an Okanagan-based cannabis consulting firm (the “Consultant”) to facilitate acquisition and cultivation of cannabis genetics (“cultivars”), via its wholly owned subsidiary, Tumbleweed Farms Corp.

As previously announced, the parties originally signed an agreement dated October 19, 2018 and amendments dated October 19, 2018 and January 8, 2019, and revised terms (the “Amendment”) to: i) replace former royalty payments; ii) extend exclusivity commitments with respect to a broader array of cultivars supplied under the agreement; iii) grant to GTEC a limited right of first refusal on future cultivars developed by the Consultant, and (iv) limit the term of the agreement to June 30, 2023 (the “Term”).

On or about July 8, 2019, a GTEC licenced subsidiary received a number of unique cultivars, utilizing services provided by the Consultant (the “Delivery”). Further to execution of the Amendment, the Company has agreed to issue 1,900,000 common shares of GTEC (the “Common Shares”) to the Consultant as compensation for the Delivery. 271,429 Common Shares will be issued and released immediately, and the remainder will be held in escrow pending achievement of GTEC sales volumes of flower derived from specified cultivars, as set out below (collectively, the “Targets”):

Target 1 271,429 shares issued upon signing of the consulting agreement
Target 2 271,429 shares released from escrow upon achieving 1,000 KG in flower sales
Target 3 271,429 shares released from escrow upon achieving 5,000 KG in flower sales
Target 4 271,429 shares released from escrow upon achieving 10,000 KG in flower sales
Target 5 271,429 shares released from escrow upon achieving 15,000 KG in flower sales
Target 6 271,429 shares released from escrow upon achieving 20,000 KG in flower sales
Target 7 271,429 shares released from escrow upon achieving 25,000 KG in flower sales
This Amendment and issuance of Common Shares thereunder are subject to final approval of the TSX Venture Exchange (“TSXV”). The Common Shares will be issued at a deemed value of $0.21 per share and subject to a statutory hold period of four months and one day from the date of issuance thereof. Targets not achieved by the end of the Term will cause escrowed shares to be returned to GTEC for cancellation. The terms of escrow release act as a warranty for the cultivars provided by the Consultant and as security that the Consultant will comply with the exclusivity and right of first refusal provisions set out in the agreement.

Debt Repayment - Update
As reported in the Company’s Third Fiscal Quarter 2019 Results, GTEC had entered into an agreement to make an early payment of $800,000 to its $5 million senior secured convertible debenture holder. The payment was completed on December 11, 2019, and the principal balance of the loan has been reduced to $4.2 million.

Recreational Cannabis Sales - Update
As announced on December 2, 2019, the Company had debuted its recreational cannabis brands; BLK MKT and Tenzo in Provincial Sales Channels, with a subsequent follow-on purchase order received from the BCLDB. The Company had fulfilled its second purchase order from the BC LDB during the week of December 2, 2019 which was made available for purchase to wholesale distribution and public consumers on December 6, 2019 and promptly sold out within days. The Company has now received its third purchase order from the BCLDB and a follow-on order from its wholesale distributor in Saskatchewan. Both purchase orders are currently being fulfilled and are expected to be delivered in the coming weeks.

Sale of Interest in Saskatchewan Retail Application
The Company wishes to announce that as part of its strategy to focus on the cultivation of premium indoor flower, it has divested its 75% interest in the joint applicant entity, GreenTec Retail SK Inc., to its partner which held the other 25% interest. The sale was made further to a purchase and sale agreement dated November 29, 2019, for a total consideration of $365,000.

Extending Investor Relations Services
GTEC has extended its engagement of MariCom Inc. (“MariCom”), a firm based out of Montreal, Quebec that specializes in providing fully bilingual investor relations services, and entered into a consulting agreement dated December 9, 2019 (the “Agreement”). MariCom will work with GTEC to further develop and deploy the Company’s comprehensive capital markets strategy and campaign (the “Services”) in accordance with TSXV policies and applicable securities laws and regulations.

Pursuant to the Agreement, MariCom will continue to provide the Services to the Company for 12 months. In consideration for the Services, the Company will issue to MariCom 200,000 options (“Options”) to purchase common shares in the capital of the Company. The Options are exercisable at a price of $0.30 per share for a term of two years and will vest in equal installments quarterly. MariCom currently holds 200,000 Options and 100,000 common shares of the Company. MariCom reserves the right to acquire any additional securities of the Company. The Agreement is subject to approval of the TSXV.


About GTEC
GTEC Holdings Ltd. is a specialized cannabis company which produces and distributes highly sought-after ultra-premium cannabis products in Canada. The Company has four licensed and operational assets and is currently distributing cannabis through medical and recreational sales channels. GTEC’s products are currently achieving amongst the highest gross margins and retail pricing within its sector in Canada (A).

GTEC’s exclusive cultivar collection includes rare and unique cultivars, which are not currently available from other Licenced Producers. GTEC’s premium and ultra-premium product portfolio includes; BLK MKT, Tenzo, GreenTec, Cognoscente and Treehugger.

The Company wholly owns operations in BC, Alberta and Ontario, and is licensed by Health Canada for the following: sales into recreational supply chains, direct sales to medical patients, extraction, and analytical testing.

GTEC is a publicly traded corporation, listed on the TSX Venture Exchange (GTEC), OTCQB Venture Market (GGTTF) and Frankfurt Stock Exchange (1BUP). The Company’s headquarters is based out of Kelowna, British Columbia. To view more about the company or to request our most recent corporate presentation, please visit our website at www.gtec.co


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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BlueGreenPower BlueGreenPower 5 years ago
Monitoring GTEC's new products on the BC Cannabis website has been very inspiring to me. The higher price points haven't kept the products from selling out each time a new shipment has arrived. Sometimes within hours of being available. Seems like they are selling product as fast as they can package it. When Tumbleweed Farms starts harvesting this month it could create a perpetual harvest between the three facilities. Everything is going as I had hoped. Keeping the THC up and the costs down. Like :)

Always imho glta
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