Radient Technologies Inc., a global commercial manufacturer of high-quality cannabinoid-based ingredients, formulations and products, and the Edlong Corporation, a global manufacturer, marketer and provider of technology-driven natural flavor systems, ingredients and integrated solutions for the food and beverage industry, are pleased to announce they have entered into a Memorandum of Understanding (the “MOU”) to form a strategic Joint Venture partnership (the “JV”). The purpose of the JV is for the two companies to jointly create and market cannabidiol (“CBD”) flavor systems and product solutions for global food, beverage (alcoholic and non-alcoholic), and pet food industries.
Combining Edlong’s extensive expertise in the development, manufacturing and marketing of natural flavors and ingredients with Radient’s expertise in the industrial-scale extraction, purification and manufacturing of cannabinoid ingredients, the two companies will collaborate on the development of high-quality, CBD-based flavors and ingredients that will meet global health and safety regulations and appeal to large global consumer markets. Additional areas of interest for collaboration may be included in the future, should the two companies agree to pursue them.
Headquartered in the United States, Edlong has innovation centers in Latin America and Europe, and distribution partners in Canada and Asia. Edlong is one of the only flavor houses in the world to specialize in dairy flavors, while also catering to growing markets such as dairy-free, vegan, plant-based, organic, non-GMO and allergen-free. In addition, Edlong’s scientifically engineered ingredients provide functional solutions to unique food & beverage manufacturing challenges, such as mouthfeel (richness and texture that impact flavors), flavor masking (to alleviate bitterness and off-notes), heat tolerance (flavors that maintain stability under high heat during processing), and replacement (healthy reduction and/or replacement of commodities, such as sugar).
Radient is headquartered in Edmonton, Canada, with additional innovation and product development centers in France, Spain and Germany. The Company’s proprietary extraction and downstream processing platform is based on a continuous-flow process which allows for much higher throughputs than other extraction technologies. Due to its rapid speed extraction method and the elimination of additional processing steps such as winterization, Radient is able to achieve higher levels of quality and consistency than other methods of extraction can provide, while retaining more of the natural active compounds (up to 99%) from plant biomass. The Company’s scientific product development team creates unique cannabinoid ingredients that provide solutions to current cannabinoid product manufacturing challenges. These products include standardized ingredients that ensure exact strength and potency, ingredients that improve the taste and shelf life of cannabinoid beverages and edibles, and full spectrum cannabinoid formulations.
Denis Taschuk, President & CEO of Radient, stated, “We are very excited about the opportunity to work with an established international flavor company like Edlong. Radient’s team of in-house scientists have been developing unique formulations that we believe will tie in perfectly with Edlong’s innovative approach to flavor and ingredient manufacturing for foods and beverages. We look forward to working with Edlong and we are excited to see what kind of advancements we can make in the way of safe and appealing CBD-infused foods and beverages.”
Laurette Rondenet, President & CEO of Edlong, said, “Radient is the perfect partner to align with as we explore new opportunities in this dynamic category that is clearly poised for growth. We’re excited to bring our expertise together.”