Stock

Avant Brands

AVNT.TO

Drug Manufacturers - Specialty & Generic · Healthcare

Price

C$0.57

+0.01 (+1.79%)

Market Cap

C$8.7M

Exchange

Toronto Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Sep 22, 2026 · filings through May 31, 2026

§How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

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Share count rising — dilution

+84.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 6.1M (2021) → 11.2M (2025)

§Winston Score History

The full picture

Avant Brands is a Canadian cannabis company that grows and sells premium marijuana products. Its key brands include BLK MKT, Tenzo, and Legacy, which focus on high-quality craft cannabis flower and pre-rolls. The company sells mainly through licensed retailers and provincial distributors across Canada.

Avant Brands earns revenue by selling dried cannabis and related products to Canadian provincial wholesale boards and retail stores. It operates cultivation facilities in British Columbia and Ontario, positioning itself in the premium segment of the market. The company remains small with a micro-cap valuation and has not yet achieved consistent profitability, as reflected in negative operating margins. The main risk is that intense competition and pricing pressure in the Canadian cannabis market could make reaching sustained profitability difficult.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+0.1% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+36.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

C$0/ year

0.0% of revenue

Below sector average (18%)

Research and development spending

Insider Activity

7.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

C$3M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Avant Brands is growing revenue at 0% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

-14.6%

Thin — -14.6% gross margin

Profit after running costs

Operating Margin

-49.8%

Losing money on operations — -49.8%

Return on the money invested

ROCE

-21.2%

Weak — -21.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+13.4%

Fast-growing sales (+13.4% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

11.6%

Modest free cash flow (11.6%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.67

Moderate — manageable debt (0.67)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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