Radient Technologies Inc V.RTI.H

sales license/Caitlin speaks

[Itradeallday]

Apologies for the delay. Re the margins, there are a few reasons weve been quiet about this: according to Health Canadas regulations around promoting cannabis, we were actually not permitted to discuss standardized costs of any cannabis products in the lead up to legalization, which is why we havent even included margin/revenue projections in our investor decks. Now that we have reached legalization, we will see if we are permitted to share more info around this. The other reason is out of respect for our cannabis partners, but again perhaps now that legalization is here we will be able to provide more information. Regarding the sales license, the recent license were just granted for our manufacturing facility now allows us to accept and process cannabis and hemp in our facility in order to complete our engineering runs and solidify our procedures. Health Canada will then need to verify our manufacturing processes and the products we are producing meet their requirements. As it is Oct 17, they will likely evaluate us under the new regulations as per the new Cannabis Act rather than the ACMPR. Ive included an article about the transition of the licenses as of today, which may help: https://www.osler.com/en/resources/regulations/2018/new-cannabis-licence-regime-and-transition-of-existing-cannabis-licences?utm_source=update&utm_campaign=new-cannabis-licence-regime-and-transition-of-existing-cannabis-lic&utm_medium=email Caitlin