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

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Post by Stickmanon Mar 03, 2020 5:29pm

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Post# 30762936

Further update on biomass purchase expense

On Tue, Mar 3, 2020 at 5:01 PM Adam Deffett <adeffett@radientinc.com> wrote:

We had purchased the biomass before the quarter, while pricing saw a downtrend. This was partially due to the size of purchase, but also do to delays in receiving biomass that was properly milled and prepared. We have recognized the need to better insulate from price volatility and are improving purchase practices and contract terms going forward.

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