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 > Sept 2018

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Comment by Morningcoffeeon Dec 27, 2020 11:11am

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Post# 32185192

RE:Sept 2018

Welcome back Damasta!! You still have the same sh1tty job posting on Stockhouse? Yikes!!!

Luxor63 wrote: On the books in Sept 2018 Radient had $43,078,777 cash and a little over $9 million in liabilities with $57,670,171 in shareholder equity.

Fast forward 2 years to the Sept 2020 financials and we can see that they have next to no cash, $39.2 million in liabilities and $18,151,321 in shareholder equity remaining.

During this same time frame, Radient agreed to a $3 million dollar demand loan with a related party (director) that they are paying 21% interest. Related to this same loan, "additional interest and penalties of $60,000 and $2,000 per day from February 15, 2020 are due if the principal portion of the loan has not been repaid by the Company by the due date.

They are burning money faster than they can raise it and Moskowitz will end up with everything exactly as planned.

Someone should be going to jail. Management is literally a joke. Do you want to invest?

Cheers