Category Archives: Press Releases

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 […]

Ascent Industries Provides Corporate Update

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) wishes to provide an update on recent corporate activities involving Ascent. Investigation into Suspicious Activities Ascent advises that it has been cooperating with an investigation being undertaken by the Combined Forces Special Enforcement Unit of British Columbia (“CFSEU-BC”) in respect of certain activities at Ascent. […]

Ascent Industries Completes Sale of Canadian Business

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent”) advises that on April 5, 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”) completed the sale of substantially all of the assets and the assumption of certain liabilities comprising the Canadian […]

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 Wholly-owned Subsidiary Receives Notification of Potential Suspension, Revocation or Non-renewal of Business License

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company“) wishes to advise that Sweet Cannabis (“SC”), the Company’s wholly-owned subsidiary operating in Las Vegas, Nevada has received notice from Clark County’s Department of Business License (the “Department”), of the potential suspension, revocation or non-renewal of SC’s Master Marijuana License (the “License”) in Clark County, Nevada. […]

Ascent Industries Accepts Director Resignation

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company“) announces that Mark Brown has resigned from the Company’s Board of Directors. The Company thanks Mr. Brown for his substantial contributions. About Ascent Industries Corp. The Company’s operations currently include facilities in British Columbia, Canada; and in Oregon and Nevada in the United States. In Canada, […]