Avant Brands (TSE:AVNT) has released an update.
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Avant Brands Inc., a prominent cannabis product producer, has announced a share consolidation where thirty existing shares will be merged into one new common share. Scheduled for August 30, 2024, the consolidation will significantly reduce the number of issued and outstanding shares from over 316 million to approximately 10.5 million. Shareholders will have their holdings adjusted accordingly, with the company ensuring a smooth transition without the need for a shareholder vote.
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