Author Archives: steffany karl

Ascent Industries Schedules Date For Nevada Hearing

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) wishes to advise further to its news release of April 11th that the show cause hearing with the Clark County Department of Business License (the “Nevada Hearing”) has been scheduled for May 30, 2019. About Ascent Industries Corp. The Company’s operations currently include facilities Oregon […]

Nevada License Hearing Postponed To April 10, 2019

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company“) wishes to advise that the show cause hearing described in the press release of the Company of February 15, 2019 has been postponed from March 28, 2019 to April 10, 2019 at the request of Clark County’s Department of Business License (the “Department”). […]

Ascent Industries Receives Approval Of Asset Purchase Agreement For The Sale Of Canadian Business

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent”) advises that on March 25, 2019, Ascent, together with its subsidiaries, Agrima Botanicals Corp., Bloom Holdings Ltd., Bloom Meadows Corp., Pinecone Products Ltd., and Agrima Scientific Corp. (collectively, the “Vendors”) were granted an Approval and Vesting Order by the Supreme Court of British Columbia (the “Vesting […]

Ascent Industries Enters Into Asset Purchase Agreement For The Sale Of Canadian Business

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent”) advises that Ascent, together with its subsidiaries, Agrima Botanicals Corp., Bloom Holdings Ltd., Bloom Meadows Corp., Pinecone Products Ltd., and Agrima Scientific Corp. (collectively, the “Vendors”) have entered into an asset purchase agreement dated March 14, 2019 (the “APA”) with BZAM Management Ltd. (the “Purchaser”), an affiliate of […]

Ascent Industries to Pursue Strategic Alternatives Under CCAA Protection

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) advises that on Friday, March 1, 2019, the Supreme Court of British Columbia issued an order granting the Company’s application for creditor protection under the Companies’ Creditors Arrangement Act (Canada).   The order also extends protection to Agrima Botanicals Corp., Bloom Holdings Ltd., Bloom Meadows Corp., Pinecone Products Ltd., Agrima […]

Ascent Industries Sets Annual and Special Meeting and Provides Corporate Updates

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) advises that it will hold its Annual Meeting along with a Special Meeting of Shareholders on June 6, 2019.  A meeting was requisitioned by a group of dissident shareholders (collectively, the “Malcolm Group”). The Annual and Special Meeting will deal both with normal course matters and matters related to […]

Ascent Industries Receives Shareholder Meeting Requisition

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company“) confirms it has received a requisition from shareholder Drew Malcolm, on behalf of certain shareholders (the “Malcolm Group”), requesting a general meeting of Ascent shareholders to consider certain resolutions, including the replacement of the current board of directors with seven new directors nominated […]

Ascent Industries Provides Update On Health Canada

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company“) announces that it has received further correspondence from Health Canada (the “Agency”) regarding the suspension and proposed revocation of the Canadian producer’s licence and dealer’s licence (collectively, the “Licences”) issued by the Agency to Agrima Botanicals Corp (“Agrima”), a wholly-owned subsidiary of the Company. Health Canada […]

Ascent Industries Announces Debt Refinancing and Working Capital Loan

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company“) is pleased to announce that it has completed a refinancing of its two senior secured debt facilities (the “Refinancing”), and has obtained working capital for its business, through a private international lender.  Under the Refinancing, the Company has replaced both the $1.7 million first mortgage attached […]

Ascent Industries Corp. Provides Health Canada Update and Announces Appointment of Interim CEO

Vancouver, British Columbia – Further to Ascent Industries Corp.’s (CSE: ASNT) (“Ascent” or the “Company”) September 27, 2018 press release, the Company reports that Health Canada (or the “Agency”) has completed its review of the information submitted by the Company in response to the suspension of the Canadian producer’s licence and dealer’s licence issued by […]