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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Post by Shazam57on Apr 02, 2020 4:01pm

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Post# 30873448

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Hello Adam, I'm not sure if you received my questions from earlier on but I will ask again.

1. Why were the warrants extended? Does it not give a bigger possibility of the stock being further diluted?

This was part of a broader negotation. Dilution is a realtive concept. It does have the potential for more stock being issued, however the company would be recieving funds for those shares and the excercise price is at a premium to current levels.

2. Why did you buy and pay for all of that biomass valued at 21 million in 1 chunk instead of spreading the payments out? It seems to me that because it was done that way we needed to do another round of financing which further diluted the stock.

The purchase was done as one large transaction, however payment is only made when we receive the product and that has been spread out over a longer time period. This transaction predates my arrival at Radient, but I can say that it has been a learning experience and future purchases will be smaller and tied to specific contract needs.