Radient Technologies Inc. Reports Third Quarter 2019 Financial Results and Provides Corporate Update

Post-Reporting Events:

Receipt of Licenses for Analytical Testing and Research from Health Canada:

Radient is pleased to announce that it has received its licenses for Analytical Testing and Research (the “Research Licenses”) from Health Canada, issued under the Cannabis Act and its regulations. These Research Licenses were granted on February 8, 2019 for the Company’s Research & Development Lab (the “Lab”), located at 8223 Roper Road, Edmonton, Alberta. These Research Licenses will replace the Lab’s previously held Dealer’s License, which was administered under the Office of Controlled Substances.

These Research Licenses allow the Company to perform research and analytical testing on cannabis materials, submit research protocols for various activities, and to apply for amendments to its existing licenses through the Cannabis Tracking and License System (the “CTLS”) to demonstrate its compliance to the Cannabis Regulations.

Stock Options Plan:

The Company announces today the grant of 1,025,000 stock options. Of these options, 250,000 were granted to a Director of the Company and the balance to management and consultants pursuant to the Company’s Stock Option Plan. The options are exercisable for a period of five years at a price of $0.93 per share.  This grant of options is subject to the approval of the TSX Venture Exchange.

About Radient 
Radient Technologies provides industrial-scale manufacturing solutions for premium natural ingredients and products. Utilizing its patented MAPâ„¢ extraction technology, Radient delivers superior customer outcomes in terms of ingredient purity, yield, and cost, and serves 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 MAPâ„¢ 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 protected],
(780) 465-1318;  

Prakash Hariharan, Chief Financial Officer, [email protected],
(416) 561-9461 

Caitlin Cheadle, Director of Communications, [email protected]

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 daily throughput targets of industrial hemp under the section above titled “Retrofitting Operation: CBD From Industrial Hemp (“Edmonton II” facility):”; the daily throughput targets of medical cannabis and industrial hemp under the section above titled “Edmonton III and Germany Manufacturing Facility Construction:”; the annual throughput targets for biomass under the section above titled “Estimated Annual Cannabis and Hemp Throughputs:”; the Company’s ability to obtain other applicable licenses and certifications, including the EU-GMP certification; the adequacy of the Company’s working capital to develop its business; the Company’s ability to expand its operations in Europe and Canada; the Company’s ability to grow its business in the cannabis sector; the Company’s ability to process cannabis and/or hemp; the timing of the commencement of production by the Company; the Company’s ability to retrofit and construct facilities; the formation of the Joint Arrangement with Natac; the impact of Natac Solutions on the Company’s business; the granting of stock options 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.