Radient Technologies Inc. Announces Commencement of Production of Cannabis Extracts at Commercial Scale
EDMONTON, Alberta, March 14, 2019 (GLOBE NEWSWIRE) -- 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.”
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: email@example.com,
Prakash Hariharan, Chief Financial Officer: firstname.lastname@example.org,
For press and media enquiries, please contact Caitlin Cheadle, Director of Communications: email@example.com
For investor relations enquiries, please contact William Wasson, VP of Corporate Development and Investor Relations: firstname.lastname@example.org
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.