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."

Yours truly,
Ascent Industries Corp.

Paul Headshot

Paul Dillman
CEO & Director