EDMONTON, Alberta , Feb. 27, 2018 (GLOBE NEWSWIRE) -- Radient Technologies Inc. (“Radient” or the "Company") (TSX Venture:RTI) announced today that it has released its third quarter financial results for the fiscal year ended March 31, 2018. The reviewed financial statements, Management's Discussion and Analysis, and the CEO & CFO certifications for the period ended December 31, 2017 are available on www.SEDAR.com.
Key Highlights for Q3 2018
Post Reporting Events
Denis Taschuk, President and CEO of Radient commented, “During Q3 we have seen substantial developments that have strengthened Radient’s position as a market leader in extraction solutions for the cannabis industry. The signing of Master Services Agreements with established private and public Canadian-Licensed Producers of cannabis will provide Radient with near-term revenues as we continue to execute long-term strategies, such as the expansion of our business operations in Europe, and the current expansion of our Edmonton manufacturing facility, which we expect to be completed in mid-calendar 2018.”
About Radient
Radient extracts natural compounds from a range of biological materials using microwave assisted processing ("MAP™"), a patented technology platform which provides superior customer outcomes in terms of ingredient purity, yield, and cost. From its 20,000-square foot manufacturing plant in Edmonton, Alberta, Radient serves market leaders in industries that include pharmaceutical, food, beverage, natural health, personal care and cannabis markets. 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]; (780) 465-1318
Forward Looking Information:
Information set forth in this news release contains forward-looking information and statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The terms and phrases "goal", "commitment", "guidance", "expects", "would", "will", "continuing", "drive", "believes", "indicate", "look forward", "grow", "outlook", "forecasts", “intend”, and similar terms and phrases are intended to identify these forward-looking statements, including but not limited to statements regarding the completion of shares for debt transaction. The Corporation cautions that all forward-looking information and statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Corporation’s control. Such factors include, among other things: risks and uncertainties relating to the Corporation’s ability to complete the proposed shares for debt transaction. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Corporation undertakes no obligation to publicly update or revise forward-looking information.
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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