Off-market insider selling at Ascent Industries (ASNT)

Off-market insider selling at Ascent Industries (:ASNT)

Philip Andrew Campbell, a Senior Officer and Director, disposed of 175,000 Common Shares on a direct ownership basis, 312,500 Common Shares on an indirect ownership basis for registered holder EPC Holdings Ltd and 26,564,735 Common Shares on an indirect ownership basis for registered holder Green Lane Holdings Ltd. at a price of $0.105 through a private transaction on February 19th, 2019. This represents a $2,840,485 divestment of the company's shares and an account share holdings change of -100.0%.

Reid Ashley Hall Parr, a Senior Officer and Director, disposed of 175,000 Common Shares on a direct ownership basis, 26,781,506 Common Shares on an indirect ownership basis for registered holder Bull Moose Holdings Ltd. at a price of $0.105 through a private transaction on February 19th, 2019. This represents a $2,830,433 divestment of the company's shares and an account share holdings change of -100.0%.

James Francis Poelzer, a Senior Officer and Director, disposed of 2,946,512 Common Shares on a direct ownership basis at a price of $0.105 through a private transaction on February 19th, 2019. This represents a $309,384 divestment of the company's shares and an account share holdings change of -100.0%.

Ascent Industries is in the Fishing & Farming Sub Industry Group under the Consumer Non-Cyclicals Sector.

Ascent Industries Corp is a Canada-based company engaged in Cannabis cultivation and production sector. The Company has the ability to produce, package, sell, send, transport and distribute medically focused cannabis products in Canada to other licensed entities and internationally in jurisdictions where medical cannabis is legal. Additionally, through its subsidiary AIC Health Services Corp is focused on the formation of its Health and Medical Services division. AIC Health is developing as a new model for providing multidisciplinary, patient-centric, full-service health care to patients in Canada. The Company's operations include licensed facilities in British Columbia, Canada, and in Oregon and Nevada in the United States. Ascent Industries Corp. (ASNT) has below median officer and director direct ownership compared to its micro-cap peers in the market, based on our estimate using SEDI data. According to recent regulatory filings, three insiders have divested a net amount of $5,980,302.