British Columbia Securities Commission (Principal Regulator)
Ontario Securities Commission
Alberta Securities Commission
Financial and Consumer Services Commission, New Brunswick
Nova Scotia Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan
Manitoba Securities Commission
Autorité des marchés financiers
Superintendent of Securities, Prince Edward Island
Superintendent of Securities, Newfoundland and Labrador
Superintendent of Securities, Northwest Territories
Superintendent of Securities, Yukon Territory
Superintendent of Securities, Nunavut
RE:
Notice of Change of Auditors dated effective July 26, 2022
Pursuant to National Instrument 51-102Continuous Disclosure Obligations
(the "Instrument") of the Canadian Securities Administrators
Avant Brands Inc. (the "Company") hereby provides notice pursuant to the Instrument of a change of auditor by the Company from Manning Elliott LLP, Chartered Professional Accountants (the "Former Auditors") to Ernst & Young LLP (the "Successor Auditors").
The Company confirms that:
The Company has decided to change its auditor from the Former Auditors to the Successor Auditors. The Former Auditors submitted their resignation effective July 21, 2022. The Successor Auditors have agreed to their appointment as the Company's new auditors.
At the next annual general meeting of the Company, the shareholders of the Company will be asked to approve the appointment of the firm, Ernst & Young LLP, as Successor Auditors.
There were no reservations contained in the Former Auditors' reports for either of the Company's two most recently completed fiscal years or for any period subsequent thereto for which an audit report was issued, preceding the date of this notice.
The resignation of the Former Auditors and the appointment of the Successor Auditors have been recommended by the Audit Committee of the Board of Directors of the Company (the "Board") and approved by the Board.
In the opinion of the Company, no "reportable events", as that term is defined under Section 4.11(1) of the Instrument have occurred prior to the date of this notice.
1632 Dickson Avenue, Suite 335, Kelowna, British Columbia V1Y 7T2
AVANT BRANDS INC.
The Company requested that each the Former Auditors and Successor Auditors provide the Company with a letter, in digital format, addressed to the securities administrators in each province in which the Company is a reporting issuer stating whether or not it agrees with the above statements. A copy of each such letter to the securities administrators will be filed with this notice.
Yours truly,
AVANT BRANDS INC.
"Norton Singhavon"
Norton Singhavon
CEO
1632 Dickson Avenue, Suite 335, Kelowna, British Columbia V1Y 7T2
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Avant Brands Inc. published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 21:41:04 UTC.
Avant Brands Inc. is a Canada-based cannabis company. The Company produces handcrafted cannabis products. Its products are distributed via three sales channels: recreational, medical and export. The Company's recreational brand portfolio includes BLK MKT, Tenzo, Cognoscente, and Treehugger, which are produced from cultivars, and sold in British Columbia, Saskatchewan, Manitoba, Ontario, Atlantic Canada and the territories. The Company's medical cannabis brand, GreenTec, which is distributed nationwide, directly to patients through its GreenTec Medical portal, and through various medical cannabis partners. The Company has various licensed and operational production facilities across Canada, which produce its consumer brands sold across medical and recreational channels in Canada. Its subsidiaries include Avant Craft Cannabis Inc., GreenTec Bio-Pharmaceuticals Inc., GreenTec Retail Ventures Inc., Grey Bruce Farms Incorporated, Tumbleweed Farms Corp. and Spectre Labs Inc., among others.