TSXV:RTI.H - Post by User
Comment by
investryon Aug 28, 2019 1:46pm
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Post# 30075648
RE:RE:RE:RE:Next news release...
RE:RE:RE:RE:Next news release...Fake news. They are building. Quote from MD&A:
"The Company is in the process of building out large-scale cannabis processing capacity in Germany. Initial plans are to establish production levels similar to Edmonton I within a leased, existing facility. This will allow the Company to rapidly establish a market presence in line with domestic cannabis cultivation scale. Ultimately, the Company will expand this facility to production comparable to Edmonton III (currently under construction in Canada). The Company anticipates initial capacity will be commissioned in the second half of calendar 2020. Designs for the European facilities are focused in the near-term on the consistent, industrial-scale delivery of cannabinoid derivatives and formulations, manufactured in the European Union good manufacturing practice (“EU GMP”) environment. In July 2018, the European cannabis market was estimated by the strategic consultancy firm, Prohibition Partners, to be worth "
"In the coming months, Radient intends to expand its product offerings to encompass crude extracts, refined oils and white label formulations. The intent is to provide the Company’s clients with multiple product touch points, while moving up the value chain. This will be a part of the Company’s planned capital outlays in Edmonton III and Germany to create value added products in addition to processing extracts for Licensed Producers."