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.

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Radient Technologies Inc > Friday After Hours Earnings - Revenue Beat

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Post by OracleOfOntarioon Feb 29, 2020 1:48pm

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Post# 30751309

Friday After Hours Earnings - Revenue Beat

https://www.globenewswire.com/news-release/2020/02/28/1992982/0/en/Radient-Technologies-Inc-Reports-Record-Revenue-and-Record-Gross-Profit-for-the-Third-Quarter-of-Fiscal-2020.html

Key Financial Highlights - Fiscal Q3 2020:

Revenues of $11,205,961, an increase of 805% over fiscal Q2 2020.
Gross profit of $1.48 million, an increase of 966% over fiscal Q2 2020.
Significant inventory of dried cannabis: $17.4 million as at December 31, 2019, for future production.

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