TSX Shariah screener · October 2026
Is Avant Brands Inc. (AVNT) Halal?
Avant Brands Inc. · TSX: AVNT · Healthcare
The short answer
No — Avant Brands (AVNT) fails this Shariah stock screen. The company states that its principal business activity is the cultivation, production, marketing and sales of cannabis products (recreational, medical and export), and cannabis is a prohibited business line under Gate 1. Its debt ratio (~11%) and interest income (C$7K in H1 2026, ~0.0% of net revenue) would pass the financial gates, but the business-activity FAIL is definitive. No Zoya, Musaffa, or ShariaPortfolio rating was found for this ticker — honestly reported as absent, not invented.
Gate 1 — Business activity: FAIL
Avant Brands Inc. (TSX: AVNT, OTCQX: AVTBF, FRA: 1BU0) states in Note 1 of its Q2 2026 financial statements that its principal business activity is the cultivation, production, marketing and sales of cannabis products and pursuing opportunities in the cannabis industry. Its brands (BLK MKT, Tenzo, Cognōscente, flowr, Treehugger) are sold across Canadian recreational markets and to export markets (Australia, Israel, Germany, UK), and it serves medical patients via GreenTec and the Avant Medical portal. Cannabis is a prohibited business line, so Gate 1 fails. Facts only.
Gate 2 — Debt and cash: PASS
The July 15, 2026 Q2 results news release states total outstanding interest-bearing debt was reduced to $1.03M (from ~$8.1M in Q3 2024), comprised of $747K on unsecured convertible debenture B and $287K on the secured credit facility. Against a market cap of roughly C$9.3M (15,067K shares at ~C$0.62), debt ÷ market cap is about 11.1%, under the ~33% ceiling. Note: IFRS 16 lease liabilities total $11.27M at May 31, 2026 and are not included in the company's stated interest-bearing debt figure. Cash of C$3.264M is about 35% of market cap, marginally above the ~33% guideline. Gate 2 passes on the debt ratio. Facts only.
Gate 3 — Non-compliant income: PASS
The Q2 2026 financial statements separately disclose C$7K of interest on related-party loan for H1 2026 (Q2: C$4K), against net revenue of C$14,847K (Q2: C$7,784K). Interest income is about 0.0% of net revenue, well under the 5% non-compliant income ceiling. Gate 3 passes. Facts only.
Key figures used
- Principal business: cultivation, production, marketing and sales of cannabis products (Note 1, Q2 2026 FS)
- Interest-bearing debt: $1.03M (Jul 15, 2026 NR); debt ÷ market cap ≈ 11.1% (mcap ~C$9.3M)
- Interest income: C$7K (H1 2026) vs net revenue C$14,847K — ~0.0% of revenue
- Cash: C$3.264M at May 31, 2026 (~35% of market cap); IFRS 16 lease liabilities $11.27M
- Q2 2026: net revenue C$7.8M (-8%); recreational revenue +31%; ~15.07M shares outstanding
Frequently asked questions
Is Avant Brands (AVNT) halal?
No. Avant Brands fails this Shariah stock screen. Its stated principal business is the cultivation, production, marketing and sales of cannabis products — recreational, medical and export — and cannabis is a prohibited business line under the business-activity gate. Its debt ratio (~11%) and interest income (~0.0% of revenue) pass the financial gates, but the business-activity FAIL is definitive. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.
What does Avant Brands do?
Avant Brands Inc. (TSX: AVNT, OTCQX: AVTBF) is a Kelowna, BC-based producer of cannabis products. Its brands include BLK MKT, Tenzo, Cognōscente, flowr and Treehugger, sold in Canadian recreational markets and exported to Australia, Israel, Germany and the UK; it also serves medical patients through GreenTec and the Avant Medical portal.
What is Avant Brands' debt-to-market-cap ratio?
About 11.1%. The company reported total outstanding interest-bearing debt of $1.03M as of July 15, 2026 (down from ~$8.1M in Q3 2024), against a market cap of roughly C$9.3M — under the ~33% ceiling. Note: IFRS 16 lease liabilities of $11.27M are separate and not included in the company's stated interest-bearing debt figure.
How much interest income does Avant Brands earn relative to revenue?
About 0.0%. The Q2 2026 financial statements separately disclose C$7K of interest on related-party loan for the six months ended May 31, 2026, against net revenue of C$14,847K — well under the 5% ceiling.
Where can I find more healthcare stock screeners?
See halal-stock-verdicts.html for the full list of stock screeners, including the other healthcare-sector entries.
Sources
- Avant Brands — Q2 2026 condensed interim consolidated financial statements (six months ended May 31, 2026): C$7K H1 interest income; $25.36M total liabilities; C$3.264M cash
- Avant Brands — Q2 2026 results news release (Jul 15, 2026): interest-bearing debt reduced to $1.03M; Q2 net revenue C$7.8M; recreational revenue +31%
- Stockopedia — AVNT quote (C$0.56, market cap C$8.58M; last crawl ~Sep 26, 2026)
- ChartMill — AVNT.CA profile (Health Care sector; market cap 9.50M CAD)
Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.
Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).