TSXV:RTI.H - Post by User
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BrunosBreweryon Feb 24, 2017 2:15pm
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RTI and Aurora Provide Potential Partnership Update Feb 13
RTI and Aurora Provide Potential Partnership Update Feb 13 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.
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."
This slates in a final conclusion and Potential Partnership between Radient Technologies and Aurora to be released on April 3rd. 8 weeks from the mid trial update. Midterm results have already been great and expectations are the second half of the trial should be just as good.
The lead up buying to a partnership between Radiant Technologies and Aurora by all measures should be considered monumental. A partnership between what will be marijuanas largest producers and the largest and most effective method of oil extraction is a match made in heaven especially since both companies already have revenues. Lots of money to be made here.