Category Archives: Shareholder Letter

CEO: Letter to Shareholders (March 2020)

To Our Shareholders, Further to previous communications and numerous recent discussions with shareholders, we are providing an update on recent activity. CCAA Process As you will be aware the Creditors approved the Company's Plan at their December 12, 2019 meeting, in accordance with CCAA requirements. The Plan was supported by 98% of Affected Creditors and [...]

CEO: Letter to Shareholders (December 2019)

To our Shareholders, This is an update on actions taken by Ascent Industries Corp. (“Ascent”) since the October 25, 2019 Shareholder Update. CCAA Update Thank you for your continued patience during this CCAA process. Since the last update, the Ascent team has worked to address important new developments in these CCAA proceedings. After considerable consultation [...]

CEO: Letter to Shareholders (October 2019)

Dear Shareholders, I appreciate everyone’s patience in waiting for this update. Further to previous updates, I provide an update on the CCAA process and the timeline to exit this process. Status of Outstanding Claims A question I receive regularly from shareholders is the status of outstanding claims against the Company. The CCAA process includes regular [...]

Statement From CEO Regarding Health Canada Decision

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) ("Ascent" or the “Company”) CEO Paul Dillman released a statement today in response to Health Canada’s July 12, 2019 decision to revoke the Canadian producer and dealer licence (the “Licenses”) of Agrima Botanicals Corp. (“Agrima”), a wholly-owned subsidiary of the Company: "We are disappointed with Health Canada’s [...]

Interim CEO: Letter to Shareholders (June 2019)

Dear Shareholders, I hope you are well and looking forward to the week ahead. I would like to take this opportunity to thank you for the positive response to my introductory message. I greatly appreciate the time many took to respond and provide me with your thoughts and suggestions. Your feedback will shape our company's [...]