Category Archives: Press Releases

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, […]

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 Provides Corporate Update

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company“) announces that the Company’s General Counsel Karim Lalani has been appointed to the Board of Directors. Amy Margolis has resigned from the Company’s Board of Directors for personal reasons. The Company thanks Ms. Margolis for her contributions. In addition, the Company has taken measures to protect […]

Ascent Industries Engages Clarus Securities

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company“) today announced that it has engaged Clarus Securities as financial advisor to explore and evaluate a broad range of strategic alternatives to strengthen its balance sheet and maximize the value of the Company. “While the Company is focused first and foremost on remedying the situation with […]

Ascent Industries Corp. Adds Blair Jordan as Director

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company“) announces that Interim CEO Blair Jordan has been appointed to the Company’s Board of Directors. Dr. Perry Kendall has resigned from the board to pursue an interest in public health. The Company thanks Dr. Kendall for his contribution. About Ascent Industries Corp. The Company’s operations currently […]

Ascent Industries Corp. Granted Extension by Health Canada

Vancouver, British Columbia – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company“) reports that Health Canada has granted the Company‘s wholly-owned subsidiary, Agrima Botanical Corp. (“Agrima”), additional time to be heard under the Cannabis Act and Cannabis Regulations with respect to the suspension and proposed revocation of the Canadian producer’s licence and dealer’s licence issued to Agrima. Agrima […]

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 […]