Ascent Announces Strategic Alliance with
Green Sage Real Estate Investment Firm
VANCOUVER, Oct. 10, 2018 /CNW/ - Ascent Industries Corp. (CSE: ASNT) ("Ascent" or the
"Company") is pleased to announce a strategic alliance (the "Alliance") with Green Sage, LLC
("Green Sage"), a Colorado and California based real estate investment firm focused on acquiring,
developing and managing real estate infrastructure in cannabis-legal jurisdictions throughout North
America and Europe. The terms of the Alliance are governed by a Strategic Alliance Agreement
dated October 9, 2018 between Green Sage and Ascent under which they may jointly pursue
opportunities in commercial real estate of benefit to their respective businesses in Canada, the
United States and internationally.
The Alliance will allow Ascent to accelerate its business expansion plans by taking advantage of
Green Sage's specialized expertise and resources in cannabis real estate development. In
particular, the Alliance effectively provides that:
1. Ascent shall offer Green Sage the first right to acquire and capitalize real estate properties that
Ascent owns, or proposes to acquire or lease for its businesses; and,
2. Green Sage shall provide Ascent with the first right to lease space available (or that shall
become available) at any of the commercial properties owned or to be acquired by Green
Sage.
For Ascent, the Alliance establishes a relationship with a significant non-dilutive financing partner with
large-scale property holdings focused on cannabis production in the Western United States, including
in California, a primary growth market identified by the Company. Ascent's management believes
this relationship with Green Sage will significantly accelerate the Company's growth objectives, as
well as reduce its cost of capital as its business continues to expand.
