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Radient Technologies Inc. Announces Shares for Debt Arrangements

EDMONTON, Alberta, May 08, 2020 (GLOBE NEWSWIRE) — Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), a global commercial manufacturer of high quality cannabinoid-based ingredients, formulations and products, announces that it has entered into a series of shares for debt agreements with various of its creditors under the terms and conditions noted below.

The Company has agreed to issue 3,781,073 units to a number of third party creditors in exchange for the settlement of $623,877 of amounts owed by the Company.  Each unit will have a deemed value of $0.165 per unit and each unit will include one share and one-half of one common share purchase warrant.  Each full warrant will be exercisable at $0.30 into one Radient common share for a period of 24 months from the date of the completion of the debt settlements.

Additionally, the Company has agreed to issue 1,368,576 shares to certain officers and directors in exchange for the settlement of $225,815 of amounts owed by the Company to such individuals.  The Radient shares issued under these agreements will have a deemed value of $0.165 per share.

Securities issued under both arrangements will be subject to a 4 month hold period and both arrangements are subject to the approval of the TSX Venture Exchange.

The Company also announces that it has issued common shares to third-party consultants for services provided, pursuant to the shares for a service agreement previously approved by the TSX Venture Exchange. The common shares were issued at the TSX Venture Exchange 15-day VWAP share price as follows:

  • January: 236,098 common shares at CAD $0.36
  • February: 220,529 common shares at CAD $0.38
  • March: 449,451 common shares at CAD $0.19
  • April: 733,668 common shares at CAD $0.16

About Radient
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.

Contact: 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 completion of the shares for debt arrangements and the Company’s future plans. 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.


doTERRA Appoints New Managing Director of Eurasia

Company renames Europe East area to Eurasia to better reflect the growth of emerging markets in the region

PLEASANT GROVE, Utah and MOSCOW, May 07, 2020 (GLOBE NEWSWIRE) — doTERRA International today announced the appointment of Natalia Koulik as managing director of Eurasia (formerly Eastern Europe). Koulik replaces Slava Baltovskiy, who is leaving doTERRA to pursue other interests. Koulik brings more than 16 years of experience in sales and marketing to doTERRA, most recently serving in multi-channel development for Russian brand, Planet Siberia. Koulik will be based in doTERRA’s Moscow office, and will be responsible for leading doTERRA’s growth in Russia, Belorussia, Kazakhstan, Ukraine, and future Eurasian markets.

Prior to Planet Siberia, Koulik served in a variety of management positions in Russia, including country managing director of JAFRA Cosmetics International, where she opened new regions and helped the company achieve double-digit growth between 2013 and 2016. She also served as country managing director for Guthy-Renker, launching four health and beauty brands and again achieving solid sales volume growth. Previous roles also included managing director of OTTO Group Russia and marketing and strategic director of the Nadom Group.

“Natalia is exceptionally situated to excel at doTERRA,” said Kirk Jowers, executive vice president of Eurasia for doTERRA. “She is a result-oriented, high-energy person and her peers boast about her honesty, leadership skills and empathy for customers and employees. She not only has been a successful leader and manager of a diverse group of companies, but she also has a unique set of skills that she developed through her study of and work in journalism and in sales and marketing. We are fortunate to have her lead our Eurasia region, and look forward to her ongoing contributions to our dynamic success and growth.”

Jowers added, “We also want to publicly thank Slava for everything he has done for doTERRA the last several years. He opened up our Moscow office and built a strong team while always acting with integrity and good intention. We wish him well in his future pursuits.”

“What a great time to be joining doTERRA,” said Koulik. “doTERRA is establishing a tremendous presence in Russia and surrounding countries, and there is a great team of Wellness Advocates leading the efforts. The company has a robust base of people sharing the oils and devoted customers, a growing line of pure health and wellness products and a reputation for doing things the right way. We have work to do to continue building the momentum, and I am excited to get started.”

Koulik earned a degree in journalism from Moscow Lomonosov State University, and has advanced training in management, public speaking and leadership. In addition to her native Russian, she is fluent in English and French.

A Russian language version of this release is available upon request.

About doTERRA
doTERRA is an integrative health and wellness company and the world leader in the Global Aromatherapy and Essential Oils market. doTERRA sources, tests, manufactures and distributes CPTG essential oils and essential oil products to over eight million doTERRA Wellness Advocates and customers. Through industry leading responsible sourcing practices, doTERRA maintains the highest levels of quality, purity and sustainability in partnership with local growers around the world through Co-Impact Sourcing. doTERRA Healing Hands, a United States Foundation, offers resources and tools to global sourcing communities and charitable organizations for self-reliance, healthcare, education, sanitation, and the fight against human trafficking. Through the life-enhancing benefits of essential oils, dōTERRA is changing the world one drop, one person, one community at a time. To learn more, visit www.doterra.com.

Press Contact
Kevin Wilson