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.
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.
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