The board of Radient Technologies Inc. named Jan Petzel as Interim President, effective immediately. Mr. Petzel has been a Director of the Radient since 2016 and has a comprehensive understanding of the company, and a pragmatic view of the priorities that need to be addressed. Jan was a managing director in the Merchant Banking Division of Goldman Sachs, ultimately responsible for private credit in Germany and Scandinavia. While at Goldman Sachs, Mr. Petzel served on the board of several successful companies including Cognis GmbH, a worldwide supplier of specialty chemicals and nutritional ingredients, up to its sale to BASF for €3.1 billion in 2010. The company also announced that Denis Taschuk will step down as president and director of the company, effectively immediately, for family reasons. He will continue as advisor to the Board to facilitate the transition to a new chief executive officer. Denis has been instrumental in leading Radient to become a significant company in the cannabis industry, and the Board wishes to thank Denis for his contribution and tireless efforts over the last 10 years. The company also announced that Mike Cabigon will step down as chief operating officer and director of the company, effective immediately, to pursue other interests. Mike was instrumental in the company’s pivot into the cannabis industry in 2016, and the Board thanks him for all his contribution over the years and wishes him well in his future endeavors.