Radient Technologies Inc. Provides Update on Filing of Year-End Financial Statements
July 27 2020 - 11:05PM
Radient Technologies Inc. (“Radient” or the
“Company”) (
TSX Venture: RTI; OTCQX: RDDTF),
announces that the Company will be relying on the temporary 45 day
extension to the filing deadline of its annual financial statements
and management’s discussion and analysis (“MD&A”) for the year
ended March 31, 2020 granted by the Alberta Securities Commission
(“ASC”) in response to unprecedented challenges resulting from
COVID-19. The notice released states that securities
regulators will be providing coordinated relief consisting of a
45-day extension for certain periodic filings required to be made
on or prior to August 31, 2020 as a result of the COVID-19
pandemic.
As per National Instrument 51-102 Continuous
Disclosure Obligations, the Company was to file its annual
financial statements and MD&A by July 29, 2020. Relying on ASC
Blanket Order 51-519, which provides the Company with an additional
45 days from the deadline to file, the Company expects to file its
annual financial statements and MD&A on or before September 14,
2020.
All material business developments since the
date of the Company’s filing of its interim financial statements
and MD&A for the period ended December 31, 2019 have been
disclosed.
The Company acknowledges that management and
other insiders are subject to an insider trading black-out policy,
that reflects the principles in section 9 of National Policy 11-207
Failure-to-File Cease Trade Orders and Revocations in Multiple
Jurisdictions, until the second trading day after the Annual
Filings have been disclosed.
About Radient
Radient Technologies is a commercial
manufacturer of high quality cannabinoid based formulations,
ingredients and products. Utilizing a proprietary extraction and
downstream processing platform that recovers up to 99% of
cannabinoids from the cannabis plant, Radient develops specialty
products and ingredients that contain a broad range of cannabinoid
and terpene profiles while meeting the highest standards of quality
and safety. Please visit www.radientinc.com for more
information.
SOURCE: Radient Technologies Inc.
For further information please contact:
Radient - Investor Relations, ir@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 Company’s reliance on ASC Blanket
Order 51-519; and the Company’s annual financial statements and
MD&A. 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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