Radient Technologies Inc V.RTI.H

Licensing Friday

[investry]

Fingers crossed that Health Canada bears a gift tomorrow: Licensing. 

I think the pieces are all here. RTI said they'd be updating by end of the month. 

"Prior to performing cannabinoid extraction services for its previously signed partners, including Aurora Cannabis Inc., the Company will be required to be licensed to sell product to other licence holders. This will require the Company to obtain either a Sales Licence pursuant to the Access to Cannabis for Medical Purposes Regulations or successful transition to a Standard Processor licence under the new Cannabis Act and its regulations, which will come into effect on October 17, 2018. However, given Health Canada’s current workloads, the Company expects that a licence to sell product will be administered under the new cannabis framework. The Company is working closely with Health Canada to minimize the time requirement for successful transition. Radient expects to be able to provide an update prior to the end of October, 2018."