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Radient Technologies Inc. (TSXV:RTI) provides corporate update

Cannabis
TSXV:RTI
21 July 2021 12:00 (EDT)

Radient Technologies Inc. (RTI) is pleased to provide a corporate update from its CEO, Harry Kaura.

Since becoming CEO, Mr. Kaura has committed to enacting the turnaround of Radient, by building a revenue profile in various product categories and cutting costs across the board.

Mr. Kaura is an entrepreneur with more than 30 years of experience founding and leading various manufacturing businesses. Harry has developed over $100M in the Edmonton real estate market, with deep-seated connections to the community.

In addition, Mr. Kaura is one of the longest-standing and significant shareholders of Radient, and continues to invest in the business to support its turnaround and planned growth trajectory.

Under his leadership, Radient is transitioning from a ‘specialized technology solution provider’, to a vertically integrated cannabis company, leveraging its past investment into technology and product development to create value for customers, shareholders, and employees.

Under Kaura’s direction, Radient has reduced operating and SG&A expenses, established sales relationships with Provincial and Territorial retail markets, and restructured its European operations through a strategic review process and winding down of Radient’s subsidiary.

“I’m excited for Radient’s future, and our renewed purpose and plan towards profitability. I intend to continue to keep our loyal and dedicated stakeholders more engaged and informed as we move ahead with what I believe to be a revolutionary approach to the Canadian cannabis market.”

Radient Technologies is a commercial manufacturer of diverse, novel and high-quality cannabis extracts and packaged products specializing in bringing products previously unavailable to consumers through legal channels to market.

Radient Technologies Inc. (RTI) is flat and is trading at C$0.080 at 10:28 am ET.

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