Radient Announces Hydrocarbon Commercial Production, Pre-Roll Sales Growing Across Canada
Edmonton, Alberta--(Newsfile Corp. - June 27, 2022) - Radient Technologies Inc. (TSXV: RTI) ("Radient" or the "Company"), a commercial manufacturer of diverse, novel and high-quality cannabis extracts and packaged products, announces commercial production of hydrocarbon products and announces pre-roll orders and pre-roll sales in multiple Canadian provinces.
Radient's hydrocarbon initiative has successfully achieved commercial production. Radient is now delivering some of the highest quality and highest purity cannabis 2.0 products available in Canada, including distillates and isolates of products including THCa Crystalline, Delta 8 THC, CBG, CBN and hydrocarbon products such as High Cannabinoid Full Spectrum Extracts (HCFSE), High Terpene Full Spectrum Extracts (HTFSE), Crumble, Shatter, Live Resin, Budder, Terp Diamonds and more.
The Company has an exclusive licensing and extraction agreement with HighGrade Supply ("HighGrade") for a custom hydrocarbon system designed for high throughput and purity. The HighGrade platform can process up to 1,100 kgs of biomass daily between hydrocarbons and other solvents, with the potential for growth expansion.
Cannabis Pre-Roll Production
Radient has sold cannabis pre-roll units in several Canadian provinces and received pre-roll product sales orders from additional Canadian provinces. Orders that have been received from repeating customers are indicative of consistent sales growth of this high-quality product.
Radient's cannabis pre-roll is a cigarette-style cylinder format containing craft grown, terpene rich, high THC, non-irradiated cannabis. The pre-roll units are packaged in a high-quality 10-unit humidity protected box and are coveted by discerning cannabis users.
Radient partnered with All Good for the design and supply a modular-designed assembly and packaging facility for cannabis pre-roll products. The facility is now fully operational in Radient's existing Edmonton II licenced plant. The facility is designed to scale production capacity of up to 10 million cannabis pre-roll units (1 million packages) per month once full-scale modular build out is reached.
Radient Technologies is a commercial manufacturer of diverse, novel and high-quality cannabis extracts and packaged products. 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. Radient is focused on innovation with expertise in formulations and technologies offering unique solutions in the cannabis and wellness space. RadientInc.com
Harry Kaura, CEO & Director
Ph: 780 465 1318
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Company's business operations and future performance. 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, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; risks associated with operation in the cannabis sector; and other risks inherent in the cannabis industry. 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.
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