Radient Technologies Inc V.RTI.H

Alternate Symbol(s): RDDTF

Radient Technologies Inc. is a science-based company. The Company is a commercial manufacturer of cannabinoid-based formulations, ingredients, and products. The principal activities of the Company and its subsidiaries are engaged in research, development, and commercialization of an efficient and environmentally responsible technology for the extraction, isolation, and purification of soluble products from a range of materials using microwave technology and a customized hydrocarbon extraction platform. The Company is focused on the formulation, manufacturing and launching of value-added cannabis products. It utilizes a proprietary extraction and downstream processing platform that recovers up to 99% of cannabinoids from the cannabis plant. It develops specialty products and ingredients that contain a range of cannabinoid and terpene profiles.

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Radient Technologies Inc

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Post by zerogravity1on Jul 09, 2019 10:50am

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Post# 29899055

$19.5 million dried cannabis biomass

You know they they have a customer or customers lined up for the finished cannabis products. I am sure that will be the next news release coming out the chute.

Radient announces today that it has entered into short term agreements to purchase large-scale quantities of dried cannabis biomass, valued at approximately CAD $19.5 million. Upon receipt of the biomass, the Company will process its inventory of cannabis at its Edmonton I facility into extracts and intermediate products for sale. The Company expects this will have a meaningful positive impact on revenues reported at the end of fiscal Q2 2020 and/or fiscal Q3, 2020.

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