Aurora Cannabis Inc T.ACB

Radient and Aurora Partnership Update Feb 13

[Glenstock2016]

Aurora Cannabis and Radient Technologies Provide Update on Exclusive Collaboration Arrangements 

VANCOUVER, Feb. 13, 2017 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (TSXV: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and Radient Technologies ("Radient") (TSXV: RTI) are pleased to provide an update on their previously announced collaboration arrangements. 

Project Update 

As previously announced, the parties have entered into a memorandum of understanding ("MOU") to evaluate an exclusive partnership for the Canadian market with regard to the joint development and commercialization of superior and standardized cannabinoid extracts. 

In accordance with the memorandum of understanding ("MOU"), the parties, on January 4, 2017, entered into a joint venture research agreement pursuant to which Radient and Aurora are working to confirm the effectiveness of Radient's MAPTM technology for cannabis extraction. Initial results from the first phase of the study are encouraging. As a result, the parties have agreed to move to the second phase of the project, which includes preliminary scale-up activities. The second phase of work under the study has commenced and is expected to take approximately eight weeks. 

"We are pleased with progress to date in assessing the feasibility of this potentially ground breaking extraction technology," said Terry Booth, CEO. "The potential to substantially increase our extracts production capacity while maintaining terpene profiles would further differentiate our Company, and we are excited to be exploring this opportunity further in the coming weeks." 


News Release to conclude what looks like already great trial results 8 weeks from Jan 4 puts the expected News Release  to come out either March 3rd on the Friday or March 4th on the Monday. That means there's only one more week before Radient Technologies RTI and Aurora ACB announced excellent trial results and a likely partnership. Get in before we're back in the 90's

Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.rti&postid=25889884#2wdFQtYDyX8Vg7xH.99