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Radient Technologies Inc V.RTI.H

Alternate Symbol(s):  RDDTF

Healthcare Drug Manufacturers - Major Cannabis
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.


TSXV:RTI.H - Post by User

Radient Technologies Inc > Long way away from profitability
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Comment by hayman2000on Mar 02, 2021 7:19pm
118 Views
Post# 32700094

RE:RE:RE:RE:Long way away from profitability

RE:RE:RE:RE:Long way away from profitabilityLike I said that loss was incurred in the previous year ending March 31, 2020.  See below from the latest financials.

Net loss is most notably affected in the quarter ended March 31, 2020 where the Company recognized
impairment losses of $5,800,000 on inventory and $4,500,000 on plant and equipment
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