Radient Technologies Inc. Announces Commencement of Production of Cannabis Extracts at Commercial Scale
March 14 2019 - 7:30AM
Radient Technologies Inc. Announces Commencement of Production of
Cannabis Extracts at Commercial Scale
Radient Technologies Inc. (“Radient” or the
“Company”) (
TSX Venture: RTI; OTCQX: RDDTF) is
pleased to announce that it has begun production of cannabis
extracts at commercial scale utilizing its patented, proprietary
MAP™ extraction technology platform.
On February 4, 2019 Radient announced it had
received its Standard Processing license from Health Canada,
allowing the Company to legally process cannabis materials at its
Edmonton, Canada-based manufacturing facility for the purpose of
sale to other federal cannabis license holders. The Company will
continue to update shareholders on the progress of its extraction
operations as production continues.
Denis Taschuk, President and CEO of Radient
commented: “We are very pleased to have begun processing cannabis
biomass for the extraction of cannabinoids including CBD and THC
using our patented, industrial-scale MAP™ extraction
technology. This is the beginning of an exciting time for the
Company and we look forward to updating our shareholders as Radient
continues to hit additional milestones in the coming months.”
About Radient Radient
Technologies provides industrial-scale manufacturing solutions for
premium natural ingredients and products. Utilizing its patented
MAP™ extraction technology, Radient delivers superior customer
outcomes in terms of ingredient purity, yield, and cost, serving
global market leaders in industries such as foods & beverages,
nutraceuticals, pharmaceuticals, cosmetics, and personal care.
Since 2016, Radient has expanded its offerings to enter the
cannabinoids market, using its MAP™ platform to provide premium
ingredients that contain a full range of cannabinoid and terpene
profiles. Please visit www.radientinc.com for more information.
SOURCE: Radient Technologies Inc.
Denis Taschuk, Chief Executive Officer:
dtaschuk@radientinc.com,(780) 465-1318;
Prakash Hariharan, Chief Financial Officer:
phariharan@radientinc.com, (416) 561-9461
For press and media enquiries, please contact
Caitlin Cheadle, Director of Communications:
ccheadle@radientinc.com
For investor relations enquiries, please contact
William Wasson, VP of Corporate Development and Investor Relations:
wwasson@radientinc.com
Forward Looking Information:
This press release contains “forward-looking information” within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, without limitation,
statements regarding the growth of the Company’s business
operations; the Company’s ability to process cannabis and hemp at a
commercial scale; the Company’s ability to grow its business in the
cannabis sector and the Company’s future plans. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or state that
certain actions, events or results “may”, “could”, “would”, “might”
or “will be taken”, “occur” or “be achieved”. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Radient, as the case may
be, to be materially different from those expressed or implied by
such forward-looking information. Although Radient has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. Radient does not undertake
to update any forward-looking information, except in accordance
with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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