Radient Technologies Announces partnership with US based Dreamy CBD
25 11월 2020 - 9:30PM
Radient Technologies Inc. (“Radient” or the
“Company”) (
TSX Venture: RTI; OTCQX: RDDTF), is
pleased to announce a licensing agreement with Dreamy Co.,
(“Dreamy”) to bring in Dreamy CBD products under Radient’s platform
to Canada and extend it to other international markets. Initially
founded in the US, Dreamy has developed a lifestyle brand over the
past decade focused on the Health and Wellness space before
branching into the CBD vertical. Dreamy is focused on creating and
inspiring people to use plant medicine and holistic healing in
place of conventional pharmaceutical solutions. In the US, Dreamy
CBD enjoys a strong presence in California, and the Dreamy brand
has a strong association with a positive lifestyle in the rapidly
growing Wellness space. The Dreamy CBD products comprise CBD
tinctures, CBD distillates, CBD edibles, CBD cosmetics, and CBD
Vape Cartridges geared towards the recreational and medical
cannabis market.
Under this partnership, Radient will have
exclusive rights to the licenses and trademarks for Dreamy CBD
brands and will collaborate jointly with Dreamy to produce their
CBD products and launch their brands in Canada. Radient will be
involved in providing the processing facilities in Edmonton and the
necessary infrastructure to extract CBD products for Dreamy CBD. In
addition, through its Sales License and associated registrations in
the provinces, Radient will look to build the Dreamy CBD product
portfolio in Canada. On the international front, Radient will
produce their CBD based products for markets in Thailand and Japan
that are witnessing a strong surge in CBD products consumption,
especially in the Wellness space. This will be after completing a
comprehensive review of the trade requirements with local partners
in these jurisdictions. The partnership is being set initially for
a two-year term with an annual renewable option, with Radient
reserving the right of first refusal to acquire Dreamy.
About
Radient
Radient Technologies is an innovative
science-based company that 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. 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 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. 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.
Radient Technologies (TSXV:RTI)
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Radient Technologies (TSXV:RTI)
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