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    RTI   CA75034P1062

RADIENT TECHNOLOGIES INC.

(RTI)
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Radient Technologies Inc. Announces First Shipment of Tunaaaaroom Xtracts (TRX) Products to BC and Alberta, Provides Update on Launch of Additional Brands

06/18/2021 | 05:20pm EDT

Edmonton, Alberta--(Newsfile Corp. - June 18, 2021) - Radient Technologies Inc. (TSXV: RTI) (OTC Pink: RDDTF) ("Radient" or the "Company"), a commercial manufacturer of diverse, novel and high-quality cannabis extracts and packaged products, is pleased to announce that it has completed its first shipment of Tunaaaaroom Xtracts ("TRX") products to British Columbia and the Yukon. TRX products are now sold through provincially-licensed retailers in a total of 5 provinces, including the Northwest Territories, Saskatchewan, and Alberta.

Subsequent to its first shipment of TRX products to British Columbia, Radient has received a follow up order for the same products to be shipped to retailers in BC.

On December 8th 2020, Radient announced it had signed a licensing agreement with Tunaaaaroom to manufacture and distribute a wide range of premium cannabis extracts targeting cannabis consumers, to be sold across Canada under the Tunaaaaroon Xtracts brand.

Launch of New Tunaaaaroom SKUs This Summer

Due to the successful sales performance of TRX products, Radient and Tunaaaaroom will be launching a new line of SKUs including; live resin vape carts, caviar, THCa dimonds, and several other products expected to come to market this summer.

Update on Progress of Atomic Eh Brand

Radient is pleased to announce that its licensing partner brand, Atomic Eh, has now been successfully onboarded into Saskatchewan, Alberta, BC, and New Brunswick provincial distributors. The Company expects to ship its first products for the Atomic Eh brand late summer, and is working with Atomic Eh to get products onboarded in every province in Canada by the end of July.

On May 3rd 2021, Radient signed a definitive licensing Agreement (the "Agreement") with Atomic Eh to launch its first cannabis brand targeting under-served indigenous communities. Radient is working exclusively with Atomic Eh to roll out cannabis 2.0 products, including BHO extracts, vape cartridges, dry flower, edibles, and solventless extracts using Radient's distribution channels. According to the Agreement, Radient will manufacture between 25,000 - 50,000 units of product per month, to be sold under the Atomic Eh brand, providing Radient with additional product offerings on retail shelf space.

Radient CEO Harry Kuara commented, "We are very pleased that Radient's Tunaaaaroom branded products are now available in more Canadian provinces, increasing our footprint and customer touchpoints. Additionally, the successful sales performance of our TRX products in BC and Saskatchewan indicates that our high-quality products appeal to cannabis consumers. Our partnerships with Tunaaaaroom and Atomic Eh allow us to generate revenue while expanding our brand profile with the launch of additional SKUs in the coming months."

About Radient

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 also has a science lab that is focused on innovation with expertise in formulations and technologies offering unique solutions in the cannabis and wellness space. Please visit www.radientinc.com for more information.

SOURCE: Radient Technologies Inc.

For more information, please contact: 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. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88063


© Newsfilecorp 2021
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Financials
Sales 2020 18,4 M 14,8 M 14,8 M
Net income 2020 -37,4 M -30,1 M -30,1 M
Net Debt 2020 14,9 M 11,9 M 11,9 M
P/E ratio 2020 -1,27x
Yield 2020 -
Capitalization 36,8 M 29,5 M 29,6 M
EV / Sales 2019 1 148x
EV / Sales 2020 3,45x
Nbr of Employees 33
Free-Float 81,9%
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Managers and Directors
Harry Kaura Chief Executive Officer & Independent Director
Prakash Hariharan Chief Financial Officer
Francesco Ferlaino Chairman
Steven Splinter Secretary, Director & Chief Technology Officer
Jocelyne F. Lafrenière Independent Director
Sector and Competitors