diff --git a/setup.py b/setup.py
index 9bffd60de..ef33b122a 100644
--- a/setup.py
+++ b/setup.py
@@ -61,7 +61,7 @@
         "accelerate>=0.20.3",
         "pynvml==11.5.3",
         "compressed-tensors"
-        if version_info.is_release
+        if version_info.build_type == "release"
         else "compressed-tensors-nightly",
     ],
     extras_require={
diff --git a/src/llmcompressor/version.py b/src/llmcompressor/version.py
index f3d279a95..3d97aaddf 100644
--- a/src/llmcompressor/version.py
+++ b/src/llmcompressor/version.py
@@ -8,7 +8,7 @@
 from typing import Optional, Tuple
 
 # Define the base version and build type
-version_base = "0.1.0"
+version_base = "0.2.0"
 build_type = "dev"  # can be 'release', 'nightly', 'dev', or 'dev' with a dev number