on Avant Brands Inc.
Avant Brands Implements Shareholder Rights Plan
Avant Brands Inc., a prominent producer of innovative cannabis products, has announced the adoption of a shareholder rights plan. Approved by the board of directors, the initiative aims to ensure fair treatment during potential take-over bids. The plan, effective January 9, 2026, provides time for the company to evaluate offers and explore value-enhancing alternatives. Similar to plans by other Canadian companies, it wasn't prompted by any specific acquisition proposal.
Conditionally accepted by the Toronto Stock Exchange, the plan's continuance depends on shareholder ratification at Avant's annual general meeting in May 2026. If endorsed, it will be effective for three years. Full details are available on Avant's profile on SEDAR+ and the company's website.
R. P.
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