|Bid||0.0800 x 0|
|Ask||0.0800 x 0|
|Day's Range||0.1000 - 0.1000|
|52 Week Range||0.1000 - 0.1000|
|Beta (3Y Monthly)||-8.27|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
VANCOUVER, March 29, 2019 /CNW/ - 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"). The Company intends to appear and provide appropriate information to the Department at the hearing and to show cause why the Company's licences in Nevada should not be permanently suspended, revoked or non-renewed.
VANCOUVER , March 26, 2019 /CNW/ - Ascent Industries Corp. ( CSE: ASNT ) (" Ascent ") advises that on March 25, 2019 , Ascent, together with its subsidiaries, Agrima Botanicals Corp., Bloom Holdings ...
VANCOUVER , March 18, 2019 /CNW/ - Ascent Industries Corp. ( CSE: ASNT ) (" Ascent ") advises that Ascent, together with its subsidiaries, Agrima Botanicals Corp., Bloom Holdings Ltd., Bloom ...
VANCOUVER , March 18, 2019 /CNW/ - The following issues have been halted by IIROC: Company: Ascent Industries Corp. CSE Symbol: ASNT (all issues) Reason: At the Request of the Company Pending News Halt ...
VANCOUVER, British Columbia, Feb. 21, 2019 -- Drew Malcolm (“Malcolm”), a shareholder of Ascent Industries Corp. (the “Issuer”) makes the following announcement in accordance.
VANCOUVER , Feb. 15, 2019 /CNW/ - Trading resumes in: Company: Ascent Industries Corp. CSE Symbol: ASNT Resumption (ET): 9:45 AM IIROC can make a decision to impose a temporary suspension (halt) of trading ...
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2019) - Drew Malcolm ("Malcolm"), on behalf of a group of concerned shareholders (the "Concerned Shareholders") controlling approximately 44.8% of the outstanding common shares of Ascent Industries Corp. (CSE: ASNT) ("Ascent" or the "Corporation"), announced today that certain of the Concerned Shareholders are prepared to offer a working capital loan and/or financing on a commercially reasonable basis to address apparent liquidity problems at Ascent (the "Friendly Financing").In ...
Ascent's current management and board of directors are committed to constructive dialogue and engagement with both the Malcolm Group as well as independent shareholders. Ascent is focused on the highest standards of corporate governance, and making decisions for the benefit of all shareholders, and in the best interests of the Company as a whole.