Proactive Investors - Run By Investors For Investors

Ascent Industries receives stay extension order

The firm noted it has been granted a stay extension order to July 26, 2019
cannabis leaf
Ascent's operations include facilities in Oregon and Nevada

Ascent Industries Corp (CSE:ASNT) (OTCMKTS:PGTMF) released an update Friday on its Supreme Court of British Columbia hearing, in regards to the company's proceedings under the Companies Creditors Arrangement Act (CCAA).

The firm noted it has been granted a stay extension order, which extends the relief granted under the previous order made May 31, 2019, to July 26, 2019.

READ: Ascent Industries taps Garett Senez to spearhead marketing initiatives

Under its bi-weekly default status report, the company noted there had been no new material changes or information concerning the affairs of the company that has not been generally disclosed.

"The company intends to file the annual filings as soon as possible," it noted in a statement. 

Ascent's operations include facilities in Oregon and Nevada. In the US, the firm holds processing and distributions licences in Oregon and cultivation, production, processing and wholesale distribution of cannabis in Nevada. In Europe, Ascent has a wholly-owned subsidiary, Danish company Agrima ApS.

Contact Katie Lewis at [email protected]

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full ASNT profile View Profile

Ascent Industries Corp. Timeline

Related Articles

June 08 2019
1933 Industries is progressing with plans to launch one of Nevada's largest hemp extraction facilities, amid a flurry of other activity
medicinal cannabis concept
January 30 2019
Zelda has released its December quarterly report confirming multiple trials are on track.
cannabis extract
January 16 2019
The Kelowna, BC-based cannabis company specializes in the research, development, production, and testing of high-quality cannabis extracts and oils
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use