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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... see more

TSXV:RTI.H - Post Discussion

Radient Technologies Inc > Part of the scam?
View:
Post by lovesawdust on Oct 09, 2021 12:27pm

Part of the scam?

Here's a paragraph from an article on BNN today!  I guess we can kiss our investment in this company good-bye!  Sure glad I got out of Aurora in March 2019!

The class-action lawsuit, which was filed in a U.S. District Court in New Jersey on Tuesday, alleged that Aurora and its executives engineered a way to artificially inflate the company's fiscal 2019 fourth-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by selling $21.7 million worth of dried cannabis to Radient Technologies Inc. in June 2019 in a deal that "lacked commercial substance". The filing further alleged that Aurora later repurchased that same amount of dried flower back from Radient, an Edmonton-based cannabis extraction firm in which Aurora has a 12 per cent ownership stake as well as control of one board seat. 
Comment by 83trekker on Oct 10, 2021 1:50pm
You are a dollar short and a day late on that one
Comment by pennywise19 on Oct 11, 2021 11:22am
Looks like this bot was lonely on a Saturday lol.
Comment by Luxor69 on Jan 03, 2023 11:23am
Blast from bong bowl for y'all. No bogarts please Cheers
Radient Technologies Inc