Proactive Investors - Run By Investors For Investors

Ascent Industries shareholders pass all resolutions at special general meeting

Shareholders have set the number of directors at five and passed all resolutions at the special general meeting held Tuesday in Vancouver
cannabis leaf
Ascent's operations include facilities in Oregon and Nevada

Ascent Industries Corp (CSE:ASNT) (OTCMKTS:PGTMF) said Wednesday all resolutions were passed at its special general meeting, held Tuesday in Vancouver. 

Shareholders voted to have the number of directors set at five, electing Paul Dillman, Mark Lotz, David Hurford, Jeremy South and Mahony Cai.

In a statement, the firm said following the meeting, the board re-appointed Paul Dillman as CEO, Mark Lotz as CFO and Jeremy South appointed non-executive Chairman of the Board, who will remain in these positions until Ascent's annual general meeting, which will be held later in the fall. 

READ: Ascent Industries Corp nabs major crime expert as new independent director

The firm noted that the board also appointed Rod Kirkham as corporate secretary of the company.

At the special general meeting, Dillman provided a shareholder presentation, which will be posted on Ascent's website. 

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. 

CCAA processing update

Ascent is currently involved in proceedings under the Companies Creditors Arrangement Act (CCAA).

The firm said it is in the process of reviewing all filed claims with the monitor, which has a deadline of June 28, 2019. The firm said it anticipates its next court hearing in the CCAA proceeding will be on July 5 and "Ascent will seek a short extension to allow it to conclude the CCAA process," noted the company. 

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

data graphic
March 22 2019
The Toronto company is busy meeting what it says is significant demand by building a data asset covering the medical cannabis sector
RYAH vaporizer and cartridges
May 16 2019
RYAH is the first cannabis vaporizer that lets users precisely regulate dose and temperature
medicinal cannabis concept
January 30 2019
Zelda has released its December quarterly report confirming multiple trials are on track.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

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