![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, January 05, 2018 1:18:59 PM
Radient to produce pot extracts for Terra Life Sciences
2017-12-11 07:39 ET - News Release
Mr. Mike Cabigon reports
RADIENT TECHNOLOGIES INC. ANNOUNCES MASTER SERVICES AGREEMENT WITH TERRA LIFE SCIENCES
Radient Technologies Inc. has signed a master services agreement to produce cannabis extracts for the Terra Life Sciences group, a private, Alberta-based pharmaceutical manufacturer whose ACMPR (Access to Cannabis for Medical Purposes Regulations) licence is expected in the near future.
Under the terms of the agreement, Radient will use its proprietary microwave-based extraction platform and decades of extraction expertise to deliver extraction as a service to Terra Life Sciences. From its Edmonton facility, Radient will process and refine Terra Life Sciences' cultivated cannabis material into permitted cannabis oil products at industrial-scale throughput and high yields, while maintaining rigorous quality and product safety standards.
With its subsidiary Olds SoftGels Inc. (OSG) and OSG's production capacity of over 2.5 billion softgel capsules a year from two GMP-certified facilities, Terra Life Sciences is well positioned to develop innovative, pharma-grade cannabis and CBD-based products at scale, enabled by the economic and operational advantages provided by Radient's platform.
"We are excited to be a partner in Terra Life Sciences' product development and value chain as they address the rapidly growing medical applications of cannabis and CBD-based products," said Mike Cabigon, chief operating officer of Radient. "Furthermore, we anticipate a number of important synergies between the two companies as we address consumer needs."
Dr. Anil Jain, president and chief executive officer of Terra Life Sciences, added: "Through the use of MAP, Radient has a proven, high value extraction system that will help bring to market a number of exciting products. It is important for us to solidify this relationship because it will provide us access to large-scale extraction capacity for producing high-quality pharma-grade medicine."
About Radient Technologies Inc.
FEATURED Mawson Finland Provides Update on Exploration Activities at Rajapalot • Aug 21, 2024 9:06 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM
Avant Technologies to Implement Robust Cybersecurity Measures for AI-Driven Healthcare Solutions • AVAI • Aug 21, 2024 8:00 AM
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM