Kelowna, BC, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Avant Brands Inc (TSX: AVNT) (OTCQX: AVNTB) (FRA: 1BUP) (“Avant” or the “Company”), an award-winning leading producer of handcrafted, high quality cannabis products, is pleased to announce that it has completed its first shipment of Tenzo™ Vape Cartridges (or “vape carts”) to the Ontario Cannabis Store (OCS).
The first drop of Tenzo vape carts are produced from Tenzo’s flagship cultivar, Watermelon Mojito Zkittlez, which is best-known for its bag appeal and robust terpene profile. This will be followed-on with a second product launch, based on Tenzo’s popular Wedding Crasher cultivar. The Tenzo 510-thread vape cartridges were meticulously designed to elevate the consumer experience, using high-end hardware with a strong focus on safety and performance. Tenzo's premium vape carts are made with a curated formulation that consists of a unique blend of solventless-extracted craft cannabis derived terpenes, and 100% all natural botanical terpenes. The carts are offered in a single gram size.
"Entering into concentrates, which is the second largest consumption category, with our Tenzo vape cartridges marks a pivotal milestone as we continue to execute on our market growth strategy,” said Norton Singhavon, Founder & CEO of Avant Brands. “We look forward to delivering to Canadian consumers and retailers our next set of innovative concentrate products - which will be marketed under our flagship recreational cannabis brands."
Avant has recently executed multiple agreements with leading Canadian extraction companies in order to facilitate the launch of various concentrate products under the Company’s recreational cannabis brands. The Company anticipates that entering into the concentrates segment will enable Avant to leverage the success that it has built through its superior cannabis flower, highly sought-after brands and innovative products.
For more information about the Tenzo brand, please visit www.tenzo.life
About Tenzo
Tenzo is a bold and vibrant brand which offers a diverse portfolio of products that appeal to the consumer who enjoys variety, appreciates quality, and has a desire for unique and flavourful terpene-rich products at an accessible price point. Always handcrafted and carefully cultivated by our Master Growers in Alberta, B.C. and Ontario.
About Avant Brands
Avant is an innovative, market-leading cannabis brand house. Avant has multiple licenced and operational production facilities across Canada, which produce high-quality, handcrafted cannabis products for our highly desired, and award-winning consumer brands, sold across both recreational and medical channels.
Avant’s recreational consumer brands includes BLK MKT™, Tenzo™, Cognōscente™ and Treehugger™, all produced from rare and exceptional cultivars, and sold in British Columbia, Ontario, Saskatchewan, Manitoba, New Brunswick, and Yukon. The Company’s medical cannabis brand, GreenTec™, is distributed nationwide, directly to qualified patients through its GreenTec Medical portal, and through various medical cannabis partners.
Avant is a publicly traded corporation listed on the Toronto Stock Exchange (TSX: AVNT), and cross-trades on the OTCQX Best Market (OTCQX: AVTBF) and Frankfurt Stock Exchange (FRA: 1BUP). The Company is headquartered in Kelowna, British Columbia and has operations in British Columbia, Alberta and Ontario.
To learn more about Avant, to access the investor presentation, or learn more about its consumer brands, please visit www.avantbrands.ca
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking information” as defined under applicable Canadian securities legislation, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: the second product launch of Tenzo vape carts; and expectations for other economic, business, and/or competitive factors. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Examples include statements that the Company will operate in a fiscally disciplined manner; build long-term shareholder value; reduce operational expenses; or increase its revenue and gross margins.
Investors are cautioned that forward-looking information is not based on historical fact but instead reflects management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: regulatory and licensing risks; changes in consumer demand and preferences; changes in general economic, business and political conditions, including changes in the financial markets; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; compliance with extensive government regulation; public opinion and perception of the cannabis industry; the impact of COVID-19; and the risk factors set out in the Company’s annual information form dated March 16, 2021, filed with Canadian securities regulators and available on the Company’s profile on SEDAR at www.sedar.com.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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