Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See
full details
.
I Agree
×
Join today and have your say! It’s FREE!
Join Now
Sign In
Become a member today, It's free!
We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.
Join Today
or
Sign in with existing account
Privacy Policy
|
Disclaimer
Sign In
Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Remember me
Forgot Password?
Sign In
or
Sign Up
Privacy Policy
|
Disclaimer
Please Try Again
{{ error }}
Send my password
Submit
Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.
Become a member today, It's free!
We will not release or resell your information to third parties without your permission.
Linking with Facebook:
Stockhouse membership requires an email address which must be shared by Facebook.
By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically.
If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail.
Please do not modify the permission settings during sign-in.
Sign in with Facebook
Return to Signup Options
Home
Community
Bullboards
Blogs
Groups
Messages
Markets
Stocks
TSX
TSXV
CSE
NASDAQ
NYSE
NYSE American
Cryptocurrency
Currencies
Market Movers
Bonds
News
Featured News
Trending News
Canadian Press Releases
US Press Releases
Video
Editorial
Thematic Insights
Independent Reports
Interviews
Buzz on the Bullboards
Portfolio
Watchlist
Portfolio
Showcase Companies
DealRoom
Quote
|
Bullboard
|
News
|
Opinion
|
Profile
|
Peers
|
Filings
|
Financials
|
Options
|
Price History
|
Ratios
|
Ownership
|
Insiders
|
Valuation
Bullboard - Stock Discussion Forum
Radient Technologies Inc
V.RTI.H
Alternate Symbol(s):
RDDTF
Healthcare
Drug Manufacturers - Major
Cannabis
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.
see more
Join the community and start posting on the bullboards today. It's free.
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
Create a portfolio watchlist today. It's free.
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
Add To Watchlist
TSXV:RTI.H - Post Discussion
Radient Technologies Inc
> update
New Post
View:
Discussion
List
(41)
•••
goinfishn
X
View Profile
View Bullboard History
Post by
goinfishn
on Jul 21, 2021 4:23pm
update
Radient Technologies Inc. Provides Corporate Update After Appointment of New Chief Executive Officer Harry Kaura
Company has Undertaken Significant Corporate Turnaround with Strategy Focused on Several Key Revenue-Generating Activities
EDMONTON, ALBERTA, July 21, 2021 –
Radient Technologies Inc.
(“Radient” or the “Company”)
(TSXV: RTI) (OTC Pink: RDDTF)
, a commercial manufacturer of diverse, novel and high-quality cannabis extracts and packaged products, is pleased to provide a corporate update from its CEO, Harry Kaura.
Mr. Kaura, in becoming CEO has committed to enacting the turnaround of Radient, by building a revenue profile in various product categories and cutting costs significantly across the board. Mr. Kaura is an entrepreneur with 30+ years of experience founding and leading various manufacturing businesses. Harry has developed over $100M+ in the Edmonton real estate market, with a deep-seated connection to the community in Edmonton. In addition, Mr. Kaura is one of the longest standing and significant shareholders of Radient, and has continued to invest in the business to support its turnaround and planned growth trajectory.
Under his leadership, the Company is transitioning from a ‘specialized technology solution provider’, to a vertically integrated cannabis company, leveraging its past investment into technology and product development to create value for customers, shareholders, and employees.
Since January, under Mr. Kaura’s direction, the Company has taken several initiatives to improve its foundation, including:
Significantly reducing operating and SG&A expenses by over 50% to support the profitability of the Company.
Restructuring several parts of the business through a series of consolidations and commercialization of Radient’s technology into branded products and formulations.
Establishing sales relationships with all major Provincial and Territorial retail markets in Canada, resulting in Radient now selling its products in every province in Canada (except for Quebec).
Activating several key partnerships with leaders in the Canadian cannabis sector, including TunaaaaRoom Xtracts, HighGrade Concentrates, and one of Canada’s first wholly owned Indigenous brands, Atomic Eh!, resulting in a combined revenue potential of over $50M.
Identifying several critical market gaps, and focusing Radient’s efforts on creating high-quality, yet affordable products to capture revenue through innovative distribution channels.
Restructuring the European operations through a strategic review process and winding down of Radient’s subsidiary, MAG Industries in Germany. The strategic direction of Radient in Canada has been changing rapidly. What was initially envisioned for MAG Industries is no longer a viable strategy in keeping with Radient’s current focus on revenue-generating activities. Radient will be announcing new European initiatives and its plans for establishing a significant market presence in Europe within the next several months.
Statement from Radient CEO Harry Kaura:
“As we move forward with the next stage of Radient as a business, our focus will be on the commercialization of Radient’s existing strengths, for the purpose of creating great products and services for our customers, which will ultimately create value for our shareholders. I’m excited for Radient’s future, and our renewed purpose and plan towards profitability. I intend to continue to keep our loyal and dedicated stakeholders more engaged and informed as we move ahead with what I believe to be a revolutionary approach to the Canadian cannabis market.”
About Radient
Radient Technologies is a commercial manufacturer of diverse, novel and high-quality cannabis extracts and packaged products specializing in bringing products previously unavailable to consumers through legal channels to market. Radient develops specialty products that contain a highly engineered and unique range of cannabinoid and terpene profiles while meeting the highest standards of quality and safety. Radient also operates a scientific and product-testing laboratory focused on expertise in formulations and product development, offering unique solutions in the cannabis and wellness space. Please visit
www.radientinc.com
for more information.
SOURCE: Radient Technologies Inc.
(214)
•••
ggrellette
X
View Profile
View Bullboard History
Comment by
ggrellette
on Jul 31, 2021 11:56am
I am sure every long term suffering shareholder is praying this new announcement is the start of a turnaround at this company.
Thank You
Your Report has been submitted.
Report Abusive Content
×
Close
Sign up to get access
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
The Market Update
{{currentVideo.title}}
{{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >
A daily snapshot of everything
from market open to close.
{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}
{{currentVideo.intervieweeTitle}}
{{currentVideo.headline}}
{{currentVideo.link1Text}}
{{currentVideo.link2Text}}
< Previous
{{moreVideoText}}
Next >
Featured News Links
GameSquare Announces Formation of FaZe Media, Backed by $11M Investment
Xcyte Digital Corp. Releases "Xperience" Subscription Service
Drilling Approval Received for New Mexico Lithium Project