Radient Technologies Inc. - President & CEO Denis Taschuk
President & CEO Denis Taschuk
Source: Radient Technologies
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Cannabis company, Radient Technologies (RTI) has successfully completed its first shipment of products to the BC Liquor Distribution Branch
  • Per the company’s manufacturing and service agreement, the first round of Premium 5 products are now available throughout British Columbia
  • While 14 P5 products are currently available in the province, there should be 22 available by the end of September
  • Having recently completed provincial registration in three provinces, Radient expects further purchase orders will be made shortly
  • Radient Technologies (RTI) is down 3.85 per cent and is currently trading at C$0.12 per share

Cannabis company, Radient Technologies (RTI) has successfully completed its first shipment of products to the BC Liquor Distribution Branch.

In late June 2020, the company announced that it had entered into a manufacturing and service agreement with its major concentrate supplier, Premium 5 (P5). Under the partnership, Radient agreed to bring P5’s concentrates to market, through multiple new product lines.

With Radient’s first shipment to the BCLDB, Premium 5 products are now available throughout British Columbia. These products include a live resin-based vape cartridge, the first of its kind in Canada. 

Currently, 14 of P5’s products are available in British Columbia, with 22 expected to be available by the end of September. 

Radient’s CEO, Denis Taschuk, said that the company has worked tirelessly with Premium 5’s team to move from a definitive agreement to product on shelves in only two months.

“The speed of execution for this product launch is impressive and a testament to Radient’s push to become an agile manufacturing partner. 

“We are grateful to be working with Premium 5 in bringing the first live resin vape products to the Canadian market. 

“The ability of Premium 5 to understand consumer demand and deliver high-quality product to market quickly has created strong demand, and been a key catalyst to extend Radient’s distribution reach by strategically adding new provinces,” he said. 

Radient Technologies has recently completed the provincial registration process in Alberta, Saskatchewan, and Manitoba. As such, the company expects that further purchase orders will follow in short order. 

In anticipation of this, Radient Technologies is working with additional provincial boards to register products and increase distribution of its white-label products.

Radient Technologies (RTI) is down 3.85 per cent and is trading at C$0.12 per share at 11:34am EDT.

More From The Market Herald

" Innocan Pharma (CSE:INNO) reports successful efficacy test for vaginal derma product

Innocan Pharma (INNO) has announced successful results from a controlled efficacy test of its vaginal derma product.

" VIVO Cannabis (TSX:VIVO) cleared to be acquired by MediPharm (TSX:LABS)

VIVO (VIVO) has been approved by the Ontario Superior Court of Justice to be acquired by MediPharm.

" The Market Herald’s Weekly Cannabis Report – Mar 24, 2023

HEXO Corp. (TSX:HEXO) slid 2.0 per cent since a sobering report about its place in the cannabis industry.

" Ascend Wellness (CSE:AAWH.U) expands Michigan presence

Ascend (AAWH.U) has announced the opening of its eighth dispensary in Michigan, located in Grand Rapids.