Avant Brands swallows poison pill

An anonymous director reports AVANT BRANDS ADOPTS SHAREHOLDER RIGHTS PLAN Avant Brands Inc.'s board of directors has approved the adoption of a shareholder rights plan, pursuant to a shareholder rights plan agreement entered into with Computershare Investor Services Inc., as rights agent, dated and effective Jan. 9, 2026. The purpose of the shareholder rights plan is to provide the board and shareholders of the company with adequate time to consider and evaluate any unsolicited takeover bid; to provide the board with time to identify, solicit, develop and negotiate value-enhancing alternatives, as may be considered appropriate, in response to any unsolicited takeover bid; and to encourage potential bidders to treat Avant's shareholders fairly in connection with an unsolicited takeover bid and provide shareholders with full and fair value for their shares. The shareholder rights plan is similar to modern rights plans adopted by other Canadian public companies and ratified by their shareholders. It was not adopted in response to any specific proposal or intention to acquire control of the company. The shareholder rights plan has been conditionally accepted by the Toronto Stock Exchange, subject to certain customary conditions, including ratification by Avant's shareholders at its annual general meeting of shareholders, to be held in May, 2026. If ratified by shareholders of Avant at the meeting, the shareholder rights plan will remain in effect for a term of three years following such ratification. A copy of the complete shareholder rights plan will be available under Avant's profile on SEDAR+ and on the company's website. About Avant Brands Inc. Avant Brands is a leading innovator in premium cannabis products, driven by a commitment to exceptional quality and craftsmanship. As one of Canada's largest indoor producers, the company operates multiple production facilities across the country, cultivating unique and high-quality cannabis strains. Avant offers a diverse product portfolio catering to recreational, medical, and export markets. Its renowned consumer brands, including blk mkt, Tenzo, Cognoscente, flowr and Treehugger, are available in key recreational markets across Canada. The company's international footprint spans Australia, Israel and Germany, with its flagship brand blk mkt leading the way. Avant also serves qualified medical patients nationwide through its GreenTec medical cannabis brand, accessible via the GreenTec Medical portal and trusted partner network. Avant is a publicly traded company, listed on the Toronto Stock Exchange (TSX) and accessible to international investors through the OTCQX Best Market (OTCQX) and Frankfurt Stock Exchange (FRA). Headquartered in Kelowna, B.C., the company operates in strategic locations throughout Canada. We seek Safe Harbor.