ACB/RTI news...and ACB hates TGOD
Aurora Cannabis partner Radient gets processing licence
2019-02-04 07:11 ET - News Release
Also News Release (C-RTI) Radient Technologies Inc
Mr. Terry Booth reports
AURORA CANNABIS PARTNER RADIENT TECHNOLOGIES RECEIVES STANDARD PROCESSING LICENSE
Aurora Cannabis Inc.'s extraction technology partner, Radient Technologies Inc., has received its standard processing licence from Health Canada.
In 2016, Aurora identified Radient's proprietary extraction technology (MAP) as potentially disruptive for the cannabis industry due to its ability to achieve much higher throughputs than is possible with existing benchmark technologies, as well as its efficiency and ability to preserve the full spectrum of cannabinoids and terpenes found in the source material. These aspects provide key competitive advantages in the development and large-scale production of high-quality derivative products.
Since investing in Radient, Aurora has expanded into the hemp sector with its majority ownership of Hempco Food and Fiber and the acquisition of AgroPro, Europe's largest producer of organic hemp products, providing low-cost access to high-quality raw material for the extraction of cannabidiol. The industrial-scale extraction of CBD will play a key role in the rollout of Aurora's derivative products strategy, including the development and production of high-margin products for the wellness market.
Aurora chief operating officer appointed to Radient board
Radient today also announced the appointment of Aurora's chief operating officer Allan Cleiren to its board of directors. Mr. Cleiren has been working closely with Radient for the past two years assisting in Radient obtaining its standard processor licence from Health Canada. Mr. Cleiren, who is also on the board of Hempco, is playing a key role in leveraging Aurora's investment in Hempco and integrating Agropro's operations into Aurora's hemp- and CBD-based initiatives.