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.

TSXV:RTI.H - Post by User

Radient Technologies Inc

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Comment by BrunosBreweryon Mar 09, 2017 10:40am

222 Views

Post# 25956962

RE:Radient Closes Private Placement for Proceeds of $6.9 Millio

This is great news!! Looks like they had no trouble at all raising 6.9 Million dollars. Hard to believe our market cap is still below 100 Million when we have a pending deal with Aurora and are flush with cash

smith777 wrote: Open your eyes - deal with aurora has been closed a while ago, phase 2 testing is only for paperwork.

The proceeds of the Offering are expected to be used for the acquisition of analytical and production equipment for quality and purity tests, improvements to the plant to accommodate cannabinoid production and general working capital.

https://www.marketwatch.com/story/radient-closes-private-placement-for-proceeds-of-69-million-including-full-exercise-of-over-allotment-option-2017-03-09-91602314