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South Africa s Cannabis/CBD Industry Expected to Grow at a CAGR of 28 4% Between 2022 and 2026

Ascendis cuts down on debt but business rescue is still a possibility

Ascendis has managed to cut it debt down from R6.7 billion on 30 June 2021 to R582 million at the end of December 2021 through a recapitalisation plan.

South Africa s Cannabis/CBD Industry Expected to Grow at a CAGR of 28 4% Between 2022 and 2026

Ascendis hoping to be debt free after selling three business units

Ascendis hoping to be debt free after selling three business units
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

Solal owner inks R802 million in deals to sell some of its businesses

After settling its R550 million debt, Ascendis will be left with R200 million in cash that it will use to rebuild itself.

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