trending Market Intelligence /marketintelligence/en/news-insights/trending/s9LssepcDFTsNoan8xjS1g2 content esgSubNav
In This List

Ascent receives court approval for C$41.5M deal to sell Canadian business

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Global M&A By the Numbers: Q3 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

University Essentials: From Crisis to Resilience – Navigating Sustainable Recovery


Ascent receives court approval for C$41.5M deal to sell Canadian business

Ascent Industries Corp. said it received approval from the Supreme Court of British Columbia to sell all the assets under its Canadian business to BZAM Management Inc.

The Canadian cannabis company, which is seeking creditor protection and exploring strategic alternatives, said the aggregate value of the deal is about C$41.5 million.

The transaction comprised C$29 million in cash and about C$12.5 million for assuming certain liabilities including Ascent's obligations to buy a greenhouse in Pitt Meadows, British Columbia.

The transactions are expected to close on or before April 3.