BLK MKT Wins ADCANN 2022 Cannabis Brand of the Year Award

KELOWNA, BC / ACCESSWIRE / January 24, 2023 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company") is pleased to announce that BLK MKT has been awarded the 2022 Cannabis Brand of the Year (Canada) by ADCANN.

The ADCANN Awards are known by industry peers, enthusiasts, and consumers as the most prestigious Cannabis Award for the Canadian Cannabis industry. Voting takes place in multiple stages across a 2-month period, and this year, received over 120,000 votes.

"When we started the company back in 2017, we had a mission to build Canada's most iconic cannabis brand, that would also be supported with consistent and quality products," said Norton Singhavon, CEO, Avant Brands. "BLK MKT winning the ADCANN 2022 Cannabis Brand of The Year award has been a result of our relentless efforts to achieve our mission. We are deeply humbled by this accomplishment and would like to thank all our consumers, budtenders, retail accounts and provincial buyers for your continued support in the brand and vision."

The Company also received an award for Best Rosin of 2022 at the KIND Awards, which accepted votes strictly from registered budtenders across Canada.

Additionally, the company was a top Finalist for the following categories:

• Packaging of the Year, Cognōscente™ (ADCANN Awards)
• Marketer of the Year, Adil Hirji (ADCANN Awards)
• Blunt of the Year, BLK MKT (KIND Awards)
• Craft Brand of the Year, BLK MKT (KIND Awards)
• Craft Cultivator of the Year, BLK MKT (KIND Awards)
• Indica Flower of the Year, BLK MKT (KIND Awards)
• Packaging of the Year, BLK MKT (KIND Awards)
• Pre-Roll of the Year, BLK MKT (KIND Awards)

About Avant Brands Inc.

Avant is an innovative, market-leading premium cannabis company. Avant has multiple licensed 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 include: BLK MKT™, Tenzo™, Cognōscente™ and Treehugger™, all produced from rare and exceptional cultivars, and sold in British Columbia, Ontario, Saskatchewan, Manitoba, New Brunswick, and the 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: 1BU0). 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.

For additional information, please contact:
Investor Relations at Avant Brands Inc.
1-800-351-6358
ir@avantbrands.ca

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This press release includes certain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking information"), including statements regarding the plans, intentions, beliefs and current expectations of the Company and IMC with respect to future business activities and operating performance. Forward-looking information is often, but not always, identified by the use of words such as "seek", "may", "would", "could", "should", "will", "likely", "intend", "plan", "anticipate", "believe", "estimate", and "expect" or similar expressions and statements that an event or result "may", "will", "should," "could" or "might" occur or be achieved and other similar expressions. Forward-looking information in this press release includes, without limitation, statements relating to the future export of cannabis from Canada to Israel; improvements in supply chain; enhancing the ability to provide high-quality cannabis products in Israel; expansion into global cannabis markets; 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.

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. Readers are cautioned that the foregoing list of assumptions and risk factors are not exhaustive.

Any forward-looking information included in this press release is made as of the date of this press release. The Company does not undertake any intention or obligation to update or revise any forward-looking information, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking information. Forward-looking information contained in this press release are expressly qualified by this cautionary statement.

SOURCE: Avant Brands, Inc.