Radient Technologies Completes First Shipment to B.C. And Expanded Distribution
11 September 2020 - 10:00PM
Radient Technologies Inc. (“Radient” or the
“Company”) (
TSX Venture: RTI; OTCQX: RDDTF), and
Premium 5 Ltd. (“Premium 5”) are pleased to announce that the
Company has successfully completed its first shipment of products
to the BC Liquor Distribution Branch (the “BCLDB “), with Premium 5
products now available across British Columbia, including the first
live resin based vape cartridges in Canada.
Radient anticipates further purchase orders imminently,
following recent completion of the provincial registration process
in Alberta, Saskatchewan and Manitoba. The Company is working with
additional provincial boards to register products and increase the
distribution capabilities for its white label products.
“The Radient and Premium 5 teams have worked tirelessly to move
from a definitive agreement to product on shelves in only two
months,” said Denis Taschuk, CEO of Radient. “The speed of
execution for this product launch is impressive and a testament to
Radient’s push to become an agile manufacturing partner. We are
grateful to be working with Premium 5 in bringing the first live
resin vape products to the Canadian market. The ability of Premium
5 to understand consumer demand and deliver high quality product to
market quickly has created strong demand, and been a key catalyst
to extend Radient’s distribution reach by strategically adding new
provinces.”
A total of 14 Premium 5 products are currently available in B.C.
with 22 expected to be available by the end of September. Consumers
in B.C. can view the products online at the BC Cannabis Store.
“We’ve had a tremendous amount of positive feedback from
retailers, customers, and the provinces regarding the launch
of these products,” said David Schwede, CEO of premium 5.
“It’s clear that the market was waiting for quality concentrates
and live resin vape cartridges to fill the current gap in
product offerings. Premium 5 looks forward to continuing the
rollout of these SKU’s to additional provinces in the very near
future.”
About Premium 5:
Premium 5 products offer a feeling that only the terpenes from a
High Terpene Full Spectrum concentrate can give, to encourage
customers to find their feeling. The Company is dedicated to
creating high-quality, full spectrum concentrates, selling a
premium high THC experience, and providing a healthier, more
discrete way to medicate/consume.
Products being offered under the Premium 5 brand are crafted
from indoor grown, fresh-frozen, whole bud that has been carefully
selected for optimal cannabinoid and terpene profiles to offer
customers only the most exceptional quality.
Premium 5 prides themselves in being consumer-driven to delight
their partners, their consumers, and their communities. For more
information visit https://premiumfive.ca/.
Contact Information:
For investor and media relations, please contact:David
SchwedeCEOPremium 5david@premiumfive.cahttps://premiumfive.ca/
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 the growth of the Company’s
business operations; the Company’s partnership with Premium 5; the
demand for Premium 5’s products, future orders from various
provinces for the Company’s products; the Company’s ability to
become a leading white label producer; 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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