Category Archives: Ascent Industries

Ascent appeals marijuana license revocation, lays off a third of Canadian staff

Vancouver-based Ascent Industries has appealed Health Canada’s decision to revoke the license of its subsidiary, Agrima Botanicals, after the agency said the marijuana company conducted “unauthorized activities with cannabis.” Ascent also laid off 30 Canadian employees – representing about 36% of its total staff in Canada – “to protect its financial position for stakeholders,” the […]

Turmoil at Canadian cannabis producer after license revoked

The senior leadership of a British Columbia marijuana company abruptly resigned after Health Canada said it planned to revoke the production and dealer licenses of its subsidiary over “unauthorized activities with cannabis.” Ascent Industries announced the departure of CEO Philip Campbell, Chief Operating Officer Reid Parrand and President James Poelzer last week in a news […]