ASNT.CN - Ascent Industries Corp.

Canadian Sec - Canadian Sec Delayed Price. Currency in CAD
0.1000
0.0000 (0.00%)
At close: 4:00PM EDT
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Previous Close0.1000
Open0.0000
Bid0.0800 x 0
Ask0.0800 x 0
Day's Range0.1000 - 0.1000
52 Week Range0.0850 - 0.1000
Volume0
Avg. Volume0
Market Cap31.645M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.0740
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Ascent Obtains Extension of Stay of Proceedings and Announces Bi-Weekly Default Status Report

    Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) announces that the Company and certain of its affiliates (collectively, the “Applicants”) obtained an order on January 28, 2020 from the Supreme Court of British Columbia (the “Court”) extending the stay of proceedings provided by the initial order of the Court dated March 1, 2019 until March 6, 2020. The Applicants applied for an extension in order to permit the Company to, among other things, prepare and file its 2018 annual financial statements and 2019 interim financial statements as required by applicable Canadian securities laws and CSE policies and complete the implementation of the steps contemplated in the Company’s first amended and restated consolidated plan of compromise, arrangement and organization (the “Plan”), including the distribution of common shares of Ascent pursuant to the Plan.

  • GlobeNewswire

    Ascent Provides Bi-Weekly Default Status Report

    Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is providing this default status report pursuant to National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203") and applicable policy of the British Columbia Securities Commission which applies to companies, such as Ascent, that are the subject of CCAA proceedings. On May 16, 2019, the Company announced that its audited annual financial statements for the year ended December 31, 2018, including the related management discussion & analysis, and accompanying CEO and CFO certifications (collectively, the "Annual Filings") were not filed by the required filing deadline of April 30, 2019.

  • GlobeNewswire

    Ascent Announces Management Changes

    VANCOUVER, British Columbia, Jan. 10, 2020 -- Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) announces that Paul Dillman has resigned from position as Chief.

  • GlobeNewswire

    Ascent Obtains Court Approval of CCAA Plan and Announces Bi-Weekly Default Status Report

    Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is pleased to announce that the Company and certain of its affiliates obtained an order of the Supreme Court of British Columbia (the “Court”) sanctioning and approving the Company’s first amended and restated consolidated plan of compromise, arrangement and organization (the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”) at a hearing held on December 19, 2019. The Court’s sanction and approval of the Plan represents a key step towards the Company’s implementation of the Plan.

  • GlobeNewswire

    Ascent Announces Approval of CCAA Plan by Affected Creditors and Corporate Update

    Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is pleased to announce that Affected Creditors (as defined in the Plan) approved the Company’s first amended and restated consolidated plan of compromise, arrangement and organization (the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”) at a meeting of Affected Creditors (the “Meeting”) held on December 12, 2019. The Plan was supported by 98% of the number of Affected Creditors and 97% of the value of Affected Claims (as defined in the Plan).

  • GlobeNewswire

    Ascent Announces CCAA Creditors’ Meeting Order and Bi-Weekly Default Status Report

    The purpose of the Plan is to resolve all Affected Claims (as defined in the Plan) against the Applicants in order to maximize recovery for Affected Creditors and to enable the Company to reinvigorate and expand its business pursuant to its long-term plans. If approved at the Creditors’ Meeting, the Plan will compromise, discharge and release all Affected Claims against the Applicants.

  • GlobeNewswire

    Ascent Industries Corp. Default Status Report

    Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is providing this default status report pursuant to National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203") and applicable policy of the British Columbia Securities Commission applicable to companies, such as Ascent, that are the subject of CCAA Proceedings (as defined below). On May 16, 2019, the Company announced that its financial statements for the year ended December 31, 2018, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Filings") were not filed by the required filing deadline of April 30, 2019. As previously reported, Ascent is currently involved in proceedings under the Companies Creditors Arrangement Act (the “CCAA Proceeding”).

  • GlobeNewswire

    Ascent Industries Provides Bi-Weekly Default Status Report

    Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is providing this bi-weekly default status report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On May 16, 2019, the Company announced that its financial statements for the year ended December 31, 2018, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Filings") were not filed by the required filing deadline of April 30, 2019. The Company reports that since its news release of August 14, 2019, there have been no material changes regarding the information contained in that news release.

  • GlobeNewswire

    Ascent Industries Provides Update on the Supreme Court of British Columbia in the Matter of the Companies Creditor Arrangement Act

    Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is providing an update on the Supreme Court of British Columbia hearing, in the matter of the Companies Creditor Arrangement Act which was held July 26, 2019. Pursuant to the hearing, the Court has granted the Company an extension of the Stay Extension Order which is to further extend the relief granted under the previous order made May 31, 2019 to September 27, 2019. In the meantime, the Company is committing extensive efforts to work diligently and to resolve as many outstanding creditors’ claims as possible.

  • GlobeNewswire

    Ascent Industries Announces That David Kennedy Joins as Operations Director-Nevada

    Ascent Industries Corp. (CSE:ASNT) (“Ascent”) announces David Kennedy is joining the new management team to lead operations at the Las Vegas, Nevada facility. David spent 16 years with ConAgra in roles of increasing leadership culminating in responsibility for 18 manufacturing plants across the US, Canada and internationally. With extensive knowledge in new product launches, key certification and licensing efforts, cost controls, team building and large manufacturing start up roles, David is well suited for this critical position with Ascent.

  • GlobeNewswire

    Ascent Industries Announces That Annabeth Rose Joins as Operations Director-Oregon

    Ascent Industries Corp. (CSE:ASNT) ("Ascent") announces Annabeth Rose is joining the new Management Team to lead operations at the Portland, Oregon facility. Annabeth brings 15 years of laboratory experience with expertise in building and leading teams, and establishing sophisticated quality assurance systems. A published scientist, Annabeth brings exceptional insight to Ascent as the company rebuilds the Team for the future.

  • CannTrust scandal 'hasn't really come up' in U.S. federal legalization push: Cowen
    Yahoo Finance Canada

    CannTrust scandal 'hasn't really come up' in U.S. federal legalization push: Cowen

    The deepening scandal at CannTrust Holdings Inc. that has put a black eye on Canada’s cannabis sector is not disrupting efforts to legalize the drug federally in the United States, according to analysts at Cowen.

  • GlobeNewswire

    Ascent Industries Announces That Garett Senez Joins as Vice President Marketing

    Ascent Industries Corp. (CSE:ASNT) ("Ascent") announces Garett Senez is joining the new Management Team to lead Marketing efforts for the company.   Garett brings more than 15 years of sales and marketing experience for leading consumer brands. A dynamic leader, he brings a competitive edge and outstanding brand communications expertise to Ascent Industries.  In his previous leadership roles at Emerald Health Therapeutics, SABMiller and L’Oreal, Garett demonstrated his depth of understanding of brands, and proved his capability to guide a diverse team of practitioners worldwide to a common goal and critical brand success in the marketplace.  Garett brings the understanding of cannabis, world class beverage and packaged goods companies and the passion and insight into the key requirements for success at an entrepreneurial start-up company.  A strategic thinker, Garett thrives in competitive work environments and has a passion for storytelling.

  • GlobeNewswire

    Ascent Industries Receives Approval to Continue Operations Under Existing Licensing Following Clark County Hearing

    Ascent Industries Corp. (CSE:ASNT) ("Ascent") announces the successful conclusion of the Clark County Nevada license hearing. The outcome allows the Company to continue operations in Nevada, based upon the decisive compliance actions taken by the Company and the new Management Team. Ascent is grateful for the transparency, responsiveness and professionalism of Clark County, their process and staff.

  • GlobeNewswire

    Ascent Industries Provides Update From Special General Meeting

    Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) today announced that all resolutions were passed by the requisite majority at its special general meeting (“SGM”) held in Vancouver, British Columbia on June 25, 2019. Shareholders voted in favour of setting the number of directors at 5 and the following directors were elected: Paul Dillman, Mark Lotz, David Hurford, Jeremy South, and Mahony Cai. Following the SGM, the board of directors re-appointed Paul Dillman as Chief Executive Officer, and Mark Lotz as Chief Financial Officer and Jeremy South was appointed non-executive Chairman of the Board to remain in those positions until the Annual General Meeting which is to be held at a date in the fall of this year.

  • GlobeNewswire

    Ascent Industries Provides Update on the Filing of Its Annual Financial Statements, Special Meeting of Shareholders and Annual General Meeting

    Ascent Industries Corp. (CSE: ASNT) (“Ascent”) announced today that the Company has not filed its annual financial statements, the related management’s discussion and analysis or the accompanying Chief Executive Officer and Chief Financial Officer certification for its financial year ended December 31, 2018 (the “Annual Filings”), within 120 days of December 31, 2018 (the “Filing Deadline”), as required under Parts 4 and 5 of National Instrument 51-102 – Continuous Disclosure Obligations and National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings. As previously reported, Ascent is currently involved in proceedings under the Companies Creditors Arrangement Act (the “CCAA”).  Ascent has been advised by the British Columbia Securities Counsel that under the CSA Practice Guidelines, Cease Trade Orders are not issued against Issuers who are subject to a CCAA proceeding.

  • CNW Group

    Ascent Industries Reaches Agreement With Concerned Shareholder Group

    Pursuant to the agreement, each of the current directors of Ascent, being Blair Jordan, Karim Lalani and Daniel Lanskey have agreed to resign and be replaced by Mr. Paul Dillman, Mr. Mark Lotz and Mr. David Hurford, effective immediately. Jordan, Lalani and Lanskey will also resign as directors and officers of all Ascent subsidiaries that they currently serve.  Additionally, Mr. Jordan has agreed to resign his positions of Interim Chief Executive Officer and Chief Financial Officer and Mr. Lalani has agreed to resign his position as Chief Legal Officer, effective April 26, 2019 and have also agreed with the Concerned Shareholders to serve Ascent in a consulting capacity for a 30 day period to assist in the transition of management of Ascent to the new directors and officers of Ascent.  Mr. Dillman has been appointed Interim Chief Executive Officer and Mr. Lotz has been appointed Interim Chief Financial Officer.

  • CNW Group

    Ascent Industries Schedules Date For Nevada Hearing

    VANCOUVER, April 17, 2019 /CNW/ - 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. The Company's operations currently include facilities Oregon and Nevada in the United States.

  • CNW Group

    Ascent Industries Provides Corporate Update

    VANCOUVER, April 11, 2019 /CNW/ - Ascent Industries Corp. (CSE: ASNT) ("Ascent" or the "Company") wishes to provide an update on recent corporate activities involving Ascent. 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 has also notified the British Columbia Securities Commission of the investigation.

  • CNW Group

    Ascent Industries Completes Sale of Canadian Business

    VANCOUVER, April 8, 2019 /CNW/ - 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 business of the Vendors to BZAM Management Ltd. (the "Purchaser"). Following completion of these transactions, Ascent through its subsidiaries, continues to hold the assets related to Ascent's cannabis cultivation, production, distribution, research and product development business outside of Canada in Oregon, Nevada, California and Denmark. On April 1, 2019, the Vendors and West Fork Holdings NV Inc. (collectively, the "Petitioners") obtained an order from the Supreme Court of British Columbia (the "Court") extending the period of the Court-ordered stay of proceedings against the Petitioners under the Companies Creditors Arrangement Act (the "CCAA") up to and including May 31, 2019.   Following completion of the transactions described above, the Petitioners plan to initiate a claims process to identify and resolve creditor claims against the Petitioners while under CCAA protection.   Such process would be subject of a further application to the Court.