Radient Technologies Inc. Provides Update on Filing of Year-End Financial Statements
EDMONTON, Alberta, July 27, 2020 (GLOBE NEWSWIRE) -- Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), announces that the Company will be relying on the temporary 45 day extension to the filing deadline of its annual financial statements and management’s discussion and analysis (“MD&A”) for the year ended March 31, 2020 granted by the Alberta Securities Commission (“ASC”) in response to unprecedented challenges resulting from COVID-19. The notice released states that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to August 31, 2020 as a result of the COVID-19 pandemic.
As per National Instrument 51-102 Continuous Disclosure Obligations, the Company was to file its annual financial statements and MD&A by July 29, 2020. Relying on ASC Blanket Order 51-519, which provides the Company with an additional 45 days from the deadline to file, the Company expects to file its annual financial statements and MD&A on or before September 14, 2020.
All material business developments since the date of the Company’s filing of its interim financial statements and MD&A for the period ended December 31, 2019 have been disclosed.
The Company acknowledges that management and other insiders are subject to an insider trading black-out policy, that reflects the principles in section 9 ofNational Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, until the second trading day after the Annual Filings have been disclosed.
Radient Technologies 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. Please visit www.radientinc.com for more information.
SOURCE: Radient Technologies Inc.
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Radient - Investor Relations, firstname.lastname@example.org
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