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 decision. Health Canada’s decision has no material impact on our company’s current day-to-day operations. Ascent has undergone a complete transformation since Health Canada suspended the company’s cannabis production license last year. All our physical Canadian assets have been sold and a new leadership team is planning to reinvest proceeds of this divestiture, primarily in the U.S. focused on edible and CBD products."
Ascent Industries Corp.
CEO & Director