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CNSX:ASNT

Ascent Industries Corp.

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Market:
CNSX
Market Cap:
$31.65 m
Price
$0.10
Change
5.26%
52 weeks high
0.98
52 weeks low
0.09

In brief

Ascent is a Canadian Cannabis company founded in BC in 2013, focused on developing, branding, producing, and distributing sophisticated cannabis products. Ascent is currently selling products in Oregon and Nevada and expect to begin sales of products in Canada by October. 17, 2018. Making it one of the few Canadian LP's that has produced and sold branded cannabis products in the U.S. recreational and medical markets. Additionally, Ascent has an office in Copenhagen, Denmark poised to tap the growing European medical cannabis market. Ascent expects to be one of the only LP's with mass production vaporizer pen and flower packaging machines and a focus on producing industrial quantities of pre-rolls, vaporizers and gel-caps/tinctures. At $130m pre-money valuation, Ascent is valued at 0.9x 2019 projected sales, and 3.1x 2019 projected EBITDA – highly attractive versus close comps at 2.8x and 10.8x respectively.