March 16, 2021

Radient Technologies Announces close of Private Placement and Shares for Debt arrangements

EDMONTON, Alberta, March. 16, 2021 Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), a manufacturer of high quality cannabinoid based formulations and products, announces that it has closed its previously announced non-brokered private placement (the “Offering”). The Company has issued 14,425,000 units (the “Units”) at a price of $0.10 per share for gross proceeds of $1,442,500 to bring the total close to $2,995,500. The Company intends to use the net proceeds of the Offering for growth initiatives and general corporate purposes. In connection with the Offering, the Company paid finders’ fees of $83,700 in cash.